India, April 13 -- RedCloud Holdings plc (RCT), a trade infrastructure company, on Monday announced that it has signed a five-year licensing agreement worth up to $30 million to deploy its Realtime AI for Distribution or RAID engine in Saudi Arabia.
The agreement is structured at approximately $6 million per year, based on revenues generated by RAID in the country.
The deal targets Saudi Arabia's fast-moving consumer goods market, which is aiming to improve efficiency in how goods are bought, distributed and sold.
The partnership aligns with Saudi Arabia's Vision 2030 initiative to build a more efficient and digitally enabled economy.
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The agreement als...