mCloud Technologies Corp. announced it received approval and a license to conduct business activities from the Ministry of Investment of Saudi Arabia ('MISA'). The MISA license marks a major milestone in mCloud's activities in the Middle East and North Africa, enabling mCloud to provide AssetCare solutions to the Kingdom of Saudi Arabia and other countries in the MENA region. On July 13, 2021, the Company announced it had partnered with URBSOFT, a strategic provider of advanced ground and aerial inspection technology solutions, to deliver AssetCare solutions that support the digitalization and ESG objectives of Saudi Vision 2030, the Kingdom of Saudi Arabia's national economic action plan. With this approval from MISA, the Company expects to receive a Commercial Registry with the Saudi Ministry of Commerce by early November, which will fully establish the Kingdom of Saudi Arabia as its regional MENA headquarters.