Saudi Energy and Kraken Technologies announced a strategic partnership to establish a joint venture in Riyadh, with Saudi Energy acquiring a minority stake in Kraken. The collaboration focuses on deploying Kraken's AI-powered energy platform across the Middle East and North Africa (MENA) region to enhance digital transformation in the energy sector. The joint venture aims to boost regional capabilities, create jobs, and foster innovation in AI-driven energy management. Kraken Technologies, known for its advanced AI solutions for energy optimization, will provide the core technology platform for the initiative. Saudi Energy, a key player in Saudi Arabia's energy transition, will lead the commercialization and regional expansion efforts.