Saudi Blockchain Company IR4LAB Expands Operations to Africa at GITEX Africa 2023

IR4LAB, a Saudi-based company at the forefront of disruptive technologies like Blockchain and Artificial Intelligence, has announced its expansion into Africa during the prestigious Gitex Africa event held in Morocco from May 31 to June 2, 2023.

With a focus on fostering innovation and driving technological advancements, IR4LAB is committed to making a significant impact on the African continent. The company aims to implement various use cases utilizing its cutting-edge Blockchain solution, DocCerts, alongside other innovative offerings.

During the event, Mohamed El Kandri, the CTO and Co-Founder of IR4LAB, expressed his enthusiasm for entering the African market, stating, “We are thrilled to expand into Africa and be part of the growth in innovation and digitization. Our goal is to build local capabilities and contribute to the development of Africa’s digital economy.”

According to Mckinsey & Company, Africa’s digital economy is projected to exceed $712 billion by 2050, driven by factors such as the continent’s youthful population, widespread smartphone adoption, and increasing internet penetration.

Majd AL AFIFI, the CEO and Co-Founder of IR4LAB, emphasized the company’s pioneering role, stating, “While more blockchain entities are establishing a presence in Africa, we are proud to be the first from Saudi Arabia to do so. We appreciate the support of our leadership in this endeavor.”

IR4LAB‘s participation in Gitex Africa follows their previous involvement in Africa’s technological landscape. At the World Maintenance Summit 2023, which took place from May 11-12 at King Mohamed 6 University in Marrakech, IR4LAB presented on the potential of Blockchain in industrial maintenance and inspection, showcasing real-life examples from their ongoing projects.