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Renad Al Majd (RMG), a leading company in technology consulting and digital transformation solutions, received a special and distinguished honor from the Saudi Industrial Development Fund (SIDF) and its Innovation Lab. This recognition came in appreciation of the company’s outstanding and effective participation in the activities of World Innovation Day 2025, organized by the Fund to highlight the importance of innovation in driving economic and industrial development in the Kingdom of Saudi Arabia. This honor reflects the position Renad Al Majd enjoys as a trusted partner and a major contributor to the national innovation ecosystem.
Details of Effective Participation
Renad Al Majd successfully participated in the important event held on Monday, April 21, 2025, at the SIDF headquarters in Riyadh. The company’s participation aimed to enrich the event’s knowledge content by providing practical insights and specialized expertise to attendees on the latest technologies and innovation tools. Renad Al Majd’s participation focused primarily on showcasing how to effectively utilize Artificial Intelligence (AI) applications and solutions to enhance corporate innovation and achieve the desired digital transformation across various sectors.
Importance of Participating in Specialized Events
Renad Al Majd believes that participating in such specialized events, which bring together decision-makers, experts, and innovators, is a vital element for knowledge exchange and fostering cooperation among different entities. These gatherings provide an ideal platform for discussing challenges and opportunities in the fields of technology and innovation, and directly contribute to shaping a roadmap for a more developed future. Renad Al Majd’s continuous participation in such events is part of its commitment to supporting the ambitious Saudi Vision 2030, which places innovation and digital transformation at the core of its strategic objectives.
The Awarded Honor and the Importance of Partnership
For its part, the Saudi Industrial Development Fund and the Innovation Lab expressed their sincere thanks and great appreciation to Renad Al Majd for its “distinguished” participation during the Innovation Day activities. This recognition reflects the mutual trust and strong partnership between the two entities in supporting initiatives that promote innovation and contribute to the growth of the industrial and technological sectors in the Kingdom. Renad Al Majd expressed its great pride in this recognition from a leading entity like the Saudi Industrial Development Fund, emphasizing the importance of this partnership in achieving shared goals.
RMG’s Community Role and Provided Services
Renad Al Majd considers commitment to social responsibility an integral part of its identity and core values. Its community role is represented by actively contributing to building a strong and innovative knowledge-based and economic society by providing advanced technological solutions and specialized training programs that empower individuals and institutions. The company’s participation in World Innovation Day and its honoring are in appreciation of this pioneering role it plays in empowering institutions and supporting their journey towards excellence and transformation.
Renad Al Majd’s services are integrated to support this role, including a wide range of solutions specifically designed to meet changing market needs, most notably:
- Technology consulting and comprehensive digital transformation solutions.
- Specialized human capacity building and development programs in technology and innovation fields.
- Advanced Artificial Intelligence solutions and data governance to enable strategic decision-making.
- Quality management and institutional excellence services to ensure achieving the highest performance standards.
RMG’s Specialized Services Supporting Integrated Corporate Innovation:
In the context of its deep commitment to fostering a culture of innovation and enabling institutions to achieve excellence in this field, Renad Al Majd offers a set of specialized services designed to support corporate innovation in an integrated manner, from strategy setting to implementation and obtaining international quality certifications. These key services are included, which form an essential part of Renad Al Majd’s offerings in the field of innovation:
- Establishing and Operating Innovation Departments and Units: Renad Al Majd provides the necessary support to institutions to establish specialized and sustainable organizational units for innovation management. This includes designing the appropriate organizational structure, defining roles and responsibilities, and designing effective processes and procedures to support innovative activities systematically, while providing support in daily operational tasks to ensure the achievement of the innovation unit’s strategic goals.
- Formulating and Developing Innovation Strategies: The company helps institutions articulate and develop a clear innovation strategy that aligns with their vision and overall objectives. This service includes conducting a comprehensive analysis, identifying priorities and focus areas for innovation, and setting detailed action plans and performance indicators to measure progress, with the aim of integrating innovation as an inherent part of the institution’s culture and operations.
- Designing Comprehensive Corporate Innovation Frameworks: Renad Al Majd works on designing and developing an integrated corporate innovation framework that provides a unified and organized methodology for managing the innovation lifecycle, from idea generation to implementation and evaluation. The framework includes defining key stages, tools and methodologies used, and governance mechanisms to ensure the repeatability and success of innovation initiatives.
- Establishing and Operating Specialized Innovation Labs: The company provides integrated services for designing, establishing, and equipping innovation labs within the institution’s work environment. These labs provide a stimulating environment for creativity and rapid experimentation, equipped with the necessary technologies and tools for developing prototypes and testing innovative solutions. Renad Al Majd can also support institutions in operating and managing these labs to ensure maximum benefit from them.
- Qualification for ISO 56002:2022 Innovation Management System Certification: Renad Al Majd supports institutions wishing to apply the international standard ISO 56002 to build an effective innovation management system. This service includes providing the necessary consultations for readiness assessment, developing and implementing standard requirements, training work teams, and conducting internal reviews, leading to full readiness for obtaining the international certification that enhances the institutional ability to innovate sustainably and systematically.
Steady Steps Towards Innovation
Renad Al Majd reiterates its firm commitment to supporting innovation and development in the Kingdom of Saudi Arabia and looks forward to further constructive cooperation with the Saudi Industrial Development Fund and all active entities in the public and private sectors. This honor represents an additional incentive for the company to continue providing its innovative solutions and contribute to achieving a digital and sustainable future in line with the Kingdom’s ambitious vision.
For more information about Renad Al Majd (RMG) services and its role in supporting innovation and digital transformation, please contact through the following form:
