Saudi Arabia leads digital transformation in MENA region through its AI advancements
Saudi Arabia advances in AI for economic transformation
Saudi Arabia is progressively establishing itself as a leader in digital economic transformation in the MENA region, with a significant focus on the development of its technology sector, particularly artificial intelligence (AI). This effort aligns with the nation's Vision 2030 agenda. A PwC report predicts that AI will become a key contributor to Saudi Arabia's GDP, expecting a growth rate of 12.4%, which would contribute approximately US$ 135.2 billion by 2030. The DATE AI Show, held at JW Marriott Burj Rafal Tower and coinciding with the DATE FinTech Show, acts as a pivotal event in shaping the Kingdom's digital transformation. This event gathers innovators, regulators, investors, and influencers, focusing on futuristic innovations and fostering an innovative ecosystem.
To reinforce AI as a cornerstone of the national economy, the Saudi Data and Artificial Intelligence Authority (SDAIA) is spearheading various strategic initiatives like Artificial Intelligence Hour, DEEM, Estishraf, Tawakklanan, Nafatha, and SDAIA Academy. These initiatives highlight Saudi Arabia's commitment to AI and data-driven solutions in diverse sectors such as government services and healthcare. The DATE AI Show offers a vital platform for industry stakeholders to explore current trends and challenges, facilitating sector growth through discussions and presentations. Naveen Bharadwaj, Group CEO of Trescon Global, emphasizes the necessity of AI integration in the current tech-driven era, underscoring Saudi Arabia's emerging digital leadership in the MENA region.