AltexSoft Establishes Business Presence in Saudi Arabia
Riyadh, Saudi Arabia -- July 29, 2026 -- AltexSoft, an AI-first Travel & Hospitality Technology Consulting company, has established a business branch in the Kingdom of Saudi Arabia, marking a significant step in its expansion across the Middle East travel technology market.
As part of its entry into the Saudi market, AltexSoft has completed registration with the Kingdom's core regulatory and labor institutions. The company is now registered with the Zakat, Tax and Customs Authority (ZATCA), the General Organization for Social Insurance (GOSI), and the Ministry of Human Resources and Social Development through the Qiwa platform. Together, these registrations establish AltexSoft as a fully compliant employer capable of operating, hiring, and delivering technology services within the Kingdom.
The move aligns with AltexSoft's approach as an AI-first company, embedding AI across its software development life cycle (AI SDLC). Rather than treating AI as an add-on tool, AltexSoft applies agent-assisted delivery from requirements and specification writing through code generation, QA, infrastructure automation, and delivery governance. Combined with the company's deep specialization in travel and hospitality, this positions AltexSoft to help Saudi airlines, hotel groups, travel agencies, and tourism operators modernize their platforms and move from AI experiments to measurable delivery outcomes.
"Saudi Arabia is one of the most dynamic travel and tourism markets in the world today, and its Vision 2030 agenda places technology and tourism at the center of economic diversification," said Oleksandr Medovoi, President and CEO of AltexSoft. "Establishing a local presence lets us work side by side with Saudi travel businesses and bring our AI SDLC practice directly to a market that is investing heavily in digital transformation."
About Saudi Arabia's Regulatory and Labor Institutions
The Zakat, Tax and Customs Authority (ZATCA) is the Saudi government body, operating under the Ministry of Finance, responsible for administering zakat, taxation, and customs. ZATCA was formed in 2021 through the merger of the General Authority of Zakat and Tax (GAZT) and the General Customs Authority, creating a single regulator for direct and indirect taxation, zakat, and customs across the Kingdom. Registration is a core compliance requirement for any business operating in Saudi Arabia and enables the authority to assess and monitor a company's tax and zakat obligations.
The General Organization for Social Insurance (GOSI) administers Saudi Arabia's social insurance system, covering pensions, occupational hazard protection, and unemployment (SANED) benefits for both Saudi and non-Saudi employees in the private sector. In accordance with the law, it is mandatory to register any private establishment employing one or more workers. GOSI registration signals an employer's compliance with mandatory social insurance contributions and is a prerequisite for operating and hiring in the Kingdom.
The Qiwa platform, operated by the Ministry of Human Resources and Social Development (MHRSD), is Saudi Arabia's unified digital labor portal. The Qiwa platform is a unified, integrated platform provided by the government of the Kingdom of Saudi Arabia through the Ministry of Human Resources and Social Development, providing access to all labor sector services. Employers use Qiwa for employment contract documentation, work permit issuance, employee transfers, and Saudization (Nitaqat) compliance. As a marker of its scale, the platform now serves more than 14.5 million registered users and over 1.4 million registered establishments.