RedCloud Signs Saudi Arabia Licensing Deal

RedCloud Holdings has signed a five-year licensing agreement, valued at up to $30 million, to deploy its RAID (Realtime AI for Distribution) engine in Saudi Arabia. This initiative targets the country's $68 billion Fast-Moving Consumer Goods (FMCG) market, aiming to resolve systemic inefficiencies and an estimated $9.4 billion inventory imbalance caused by fragmented supply chains. The agreement, structured at $6 million per year based on revenues, supports Saudi Arabia's Vision 2030 agenda by fostering a more efficient and digitally enabled economy. This marks RedCloud Holdings's second major international licensing agreement, following a $50 million joint venture in Turkey, bringing its total contracted joint venture infrastructure revenue to $80 million. Justin Floyd, CEO of RedCloud Holdings, emphasized RAID's role as intelligence infrastructure for global trade decisions, while Majid Alghaslan, Joint Venture Partner, highlighted benefits for local retailers, manufacturers, and distributors.