Anambra govt signs MoU with Saudi Arabian ICT giant to accelerate investment in tech

By Ifeizu Joe 

Anambra State government has signed a memorandum of understanding (MoU) with Saudi Arabian ICT giant, Dhahran Techno Valley Holding Company (DTVC) to accelerate investment in technology in the state.

The Solution Innovation District (SID), an agency of the Anambra State government, created by Governor Chukwuma Soludo to boost ICT signed on behalf of the state.

Dhahran Techno Valley Holding Company (DTVC) is a leading science and technology hub based in the Kingdom of Saudi Arabia.

A press release by the Anambra State Commissioner for Information, Dr Law Mefor announcing the signing of the MoU said that the deal will also strengthen collaboration in research, innovation, entrepreneurship, and technology commercialisation.

Mefor said: “The agreement, signed during a high-level innovation engagement in Beijing, marks the beginning of a strategic partnership designed to accelerate innovation-driven economic growth across Africa and the Middle East.

“Under the MoU, both parties will collaborate in key areas, including: Startup & Venture Acceleration – joint accelerator programmes and venture-building initiatives in sectors such as energy, sustainability, and emerging technologies.”

Chief Executive Officer of SID and Special Adviser to the Governor of Anambra State on Innovation and Business Incubation, Ms. Chinwe Okoli, during the occasion emphasised the significance of the partnership.

She said: “This collaboration represents a major milestone for Anambra State and Nigeria’s innovation ecosystem. Our partnership with DTVC reflects SID’s commitment to building strong international linkages that accelerate technology development, commercialisation, and sustainable growth.

“By collaborating with DTVC, we are creating opportunities for startups, researchers, and industry players to collaboratively develop solutions that tackle global issues and promote inclusive economic growth. Together, we will empower innovators and entrepreneurs to scale solutions with global impact.”

Chief Executive Officer of DTVC, Mohammed Abusharifah, in his remark
noted the partnership is in alignment with DTVC’s mission to advance global technology partnerships.

He reaffirmed their commitment to accelerate the journey of ideas from lab to market by bridging world-class research with entrepreneurial spirit. He added that their partnership with SID will create a bridge for an increase in the flow of talent, expertise, and investments between our two innovation hubs.