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Alam to sign deal on product safety
Alam Company announced the signing of a contract with the Saudi Standards, Metrology and Quality Organization aimed at developing and operating a product safety system in Saudi Arabia. The contract includes the development of an integrated digital platform to enhance digital oversight of products and ensure their compliance with technical standards, along with operational tasks to guarantee continuous workflow. The agreement is based on a revenue-sharing model, where revenues vary depending on the number of transactions executed through the system over five years, with an expectation that this will represent approximately 15% of the company's total revenue in 2025. The company's goal with this step is to improve its financial results and expand its services in the digital government solutions sector.
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