Saudi Arabia is planning to become one of the major players to play a part in the Middle East in the upcoming years. The kingdom is doing its best to rely less on oil and turn to other projects as an alternative to oil.
This development came on Wednesday, during an event called “Launch” organized & hosted by SAFCSP (Saudi Federation for Cybersecurity, Programming, and Drones). Several other ministries such as MCIT (Ministry of Communications and Information Technology) and SDAIA (Saudi Data and Artificial Intelligence Authority) were also present at the event.
The kingdom wants to increase its productivity and boost innovation in indigenous people by producing one programmer out of every 100 Saudi people. Saudi Arabia aims to reach this goal by the end of 2030, as told by the Saudi media.
The kingdom has partnered with top-notch technology companies to aid in this process. These companies are Google, Microsoft, Trend Micro, Advance Security, Amazon, and Oracle. According to sources, the tech giant will aid the locals to boost productivity by opening tech hubs and innovation centers to create a tech-startup ecosystem.
Abdullah Alswaha — Saudi’s Minister of Communication and Information technology, on Wednesday announced the first locally-made smart chip that Saudi Arabia will use in military, health, and civil equipment
The New Chip is Faster than existing chips in the marketAlswaha
Prince Mohammed bin Salman of Saudi Arabia is investing billions of dollars in technology and aims to diversify Saudi Arabia and its financial capabilities into a much larger aspect. That’s why Kingdom has made Digital Transformation an important pillar of success among others for their 2030 vision.
The Kingdom is paving the way for an Artificially Intelligent ecosystem to boost its economy. This ecosystem will harness the power of Data-Analytics, High-Speed Internet, and 5G technology. According to Research Mordor, the Kingdom of Saudi Arabia’s Big Data & AI market is expected to surpass the $891.7 million mark by the end of 2026. The growth rate of this sector is 32.6 percent per year.
The aforementioned event isn’t the first one to happen in Saudi Arabia, but it came in response to chains of developments that happened before when Prince Mohammed Bin Salman kicked started the biggest project of “Neom” city which is a smart city. The Prince is also building Waad Al Shamal, Red Sea, and several IT-based projects in the country.
At the Launch Event, Saudi Arabia and China cooperation (Saudi-Chinese) eWTP Arabia capital fund, a fund that is supported by China’s eWTP capital and Saudi Arabia’s sovereign fund for start-ups and tech-oriented companies. The Fund is whooping 1.5 billion riyals for emerging companies.
To further boost the SaudiVision 2030, MCIT (Ministry of Communication and Information technology) along with the Saudi Federation for Cybersecurity, Programming, and Drones will launch “Tuwaiq 1000” — an ambitious approach that will teach people Cyber Security, Artificial Intelligence, Programming, & Electronics games. Tuwaiq 1000 will operate in 13 regions in Saudi Arabia with forty camps.
Furthermore, it was also disclosed that the country will host a “Leap Event,” that aims to boost the information and technology sector’s gross domestic production by 50 billion Saudi riyals by the end of 2025. The event has the backing of MCIT and other governmental bodies of Saudi Arabia.
According to Saudi Vision 2030, the government wants to grab the attention of local and international investors. The investment here which we are talking about is estimated to be 75bn Saudi riyals for Artificial Intelligence and Big Data. The country aims to build an application to use the Arabic Language in AI. By the end of 2030, Artificial Intelligence will contribute up to 12.4 percent of the Country’s GDP — which is estimated to be 506,5 billion Saudi riyals.
Saudi Arabia is doing its best to become a regional player in the Middle East, by competing against its neighbor UAE, which is giving Golden visas to the developers, programmers, and entrepreneurs.
The UAE has already signed deals with companies such as Google, Microsoft, and Amazon to train indigenous people in the technology sector within 5 years. The estimated people to be trained within 5 years are whooping 100,000 and more than a thousand digital companies will be created.