Virtual Mind Holding Company Limited has announced that it has entered into an investment cooperation agreement with Mr. Sami Abdullah A1Shammary to establish a joint venture in the Kingdom of Saudi Arabia. The new limited liability company will focus on expanding operations in the industrial IP sector, primarily operating under the frameworks of the Saudi Ministry of Industry, including smart manufacturing and robotics as a service. Virtual Mind Holding Company will hold a 90% equity interest in the joint venture, contributing US$900,000 to its registered capital, while Mr. Sami will hold a 10% stake with a US$100,000 contribution. The partnership aims to leverage Virtual Mind's expertise in AI and Web3 technologies to create an innovative ecosystem covering sports, cultural tourism, and entertainment.

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