Riyadh, Saudi Arabia, April 24, 2024: AstroLabs, the Gulf’s leading business expansion platform, is pleased to announce the launch of Najm, the first AI-powered Saudi expansion consultant chatbot. The AI technology is designed to offer customized assistance by providing timely, accurate insights, allowing users to tap into vast knowledge repositories related to various aspects of business setup processes in Saudi Arabia, ranging from licensing and softlanding to regulatory frameworks.
As the Saudi market increasingly becomes the next destination for growth, the chatbot is aimed to cater to the demand for accessible, local, and in-depth information that supports accelerating market entry strategies for international and regional businesses. Najm provides insight into the Saudi expansion journey along with information on the economy’s growth to help companies fast-track business setup, accelerate time to market, and seamlessly integrate with the Kingdom’s economic and social fabric.
“We are excited to be the first to roll out an AI-driven chatbot specifically curated to facilitate Saudi market expansion for businesses, further cementing our key role in bringing an influx of global firms to the fore of change in Saudi Arabia to support the implementation of national transformation initiatives outlined in Saudi 2030. With the introduction of Najm, we aim to harness the power of conversational AI to enable instant access to valuable information with ease, in line with our position as the Gulf’s leading business expansion platform,” said Alex Nicholls, director of expansion at AstroLabs.”
The latest move by AstroLabs comes at a time when the Kingdom is attracting global firms looking to actively participate in shaping the country’s economic growth, scaling their presence in the region and beyond. It complements the company’s extensive on-ground experience, resulting in an uptick in the number of companies expanding to the Kingdom, with over 600 companies establishing a strong presence in the local market within only a five-year period.
Equipped with state-of-the-art machine learning capabilities, Najm is accessible on setupinsaudi.com and responds to a wide range of inquiries from users across diverse industries. The industry-leading chatbot offers 24/7 support and can communicate with native speakers in multiple languages, making it accessible on a wider scale to firms around the world. The groundbreaking initiative coincides with the ascent of AI as the cornerstone of the Kingdom’s digital transformation efforts.
As it looks to transition into a digital economy, the Kingdom is leading the charge in AI regulation, research, and implementation, with a defined objective of making industries more resilient and competitive in line with Vision 2030.
With a laser focus on accelerating progress in key sectors of the economy in Saudi Arabia, AstroLabs remains committed to implementing new technologies to serve the needs of businesses entering Saudi Arabia. Najm is among a series of initiatives by AstroLabs in alignment with its vision to foster a new round of economic growth in the Kingdom.
Users can access Najm through: https://www.setupinsaudi.com/en/najm
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For media inquiries, please contact:
Lara Fakih, director of communications at AstroLabs (lara@astrolabs.com).
About AstroLabs
AstroLabs is the leading business expansion platform in the Gulf, propelling high-growth companies across strategic industries. With a decade of supporting economic development in emerging markets, AstroLabs is the partner of choice for over 1,500 companies that have expanded across the region, engaging a vibrant network of 10,000+ market leaders in the UAE and KSA. Bridging key gaps in fundamental industries in the Gulf, AstroLabs designs sector-focused and outcome-driven programs in partnership with government entities and the private sector. AstroLabs is committed to building the future of key sectors, driving market access, and contributing to regional visions like Saudi Vision 2030.