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Artificial Intelligence to add more than $133bn to Saudi Arabia's GDP

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RIYADH: Artificial intelligence (AI) is expected to contribute an estimated SR500 billion ($133 billion) to the Kingdom's gross domestic product by 2030, according to the Saudi Data and Artificial Intelligence Authority (SDAIA). The SDAIA was launched last August by royal decree and is responsible for overseeing the country's data and AI strategy through the National Data Management Office, the National Information Center, and the National Center for Artificial Intelligence. The SDAIA said the value of Saudi Arabia's data and AI economy was currently estimated at between SR15 - 20 billion, and that there was an opportunity to generate additional revenues and savings of over SR40 billion by harnessing data insights to help guide government decisions. "We have witnessed firsthand the early impact of AI and data-driven initiatives and their potential to propel Saudi Arabia's future economy, but we are still in the early stages with several untapped opportunities available," Dr. Abdullah bin Sharaf Al-Ghamdi, president of the SDAIA, said at a launch event for the authority's new logo. The SDAIA seeks to place the Kingdom among the world's leading economies by adopting AI.


Artificial Intelligence Can Contribute $135 Billion to This Country's GDP by 2030

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Established by a royal decree issued on 30 August 2019, SDAIA is responsible for overseeing the national data and AI strategy through three executive arms: The National Data Management Office (NDMO), the National Information Center (NIC), and the National Center for Artificial Intelligence (NCAI). Through its vision, SDAIA seeks to establish the Kingdom as a global leader among the league of data-driven economies. Its mission relies on unlocking the value of data as a national asset to realize Vision 2030 aspirations by setting the national data and AI strategy and overseeing its execution through harmonized data policies, data and insights capabilities, and continuous AI and data innovation. Given that nearly 70% of the strategic goals, as mentioned, are AI and data related, the role of SDAIA is imperative. Speaking earlier this year at the launch of its brand identity, Dr. Abdullah Bin Sharaf Al-Ghamdi, the President of SDAIA, said, "We have witnessed first-hand, the early impact of AI and data-driven initiatives and their potential to propel Saudi Arabia's future economy, but we are still in the early stages with several untapped opportunities available. We, at SDAIA, have been tasked with defining the national data and AI strategy, and delivering on our nation's vision for the future by optimizing our national resources, improving efficiencies and enabling the creation of diversified economic sectors."


Saudi Arabia signs off on Artificial Intelligence policy – Government & civil service news

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The Saudi Data and Artificial Intelligence Authority (SDAIA) was set up by a Royal Decree in August 2019. The organisation oversees the National Data Management Office, the National Information Center and the National Center for Artificial Intelligence. "Data is the single most important driver of our growth and reform and we have a clear roadmap for transforming Saudi Arabia into a leading AI and data-driven economy," said Dr Abdullah bin Sharaf Al Ghamdi, president of SDAIA, according to regional news website gulfnews.com. The country is establishing a national data bank to consolidate more than 80 government datasets, the equivalent to 30 per cent of the government's digital assets. It is also planning to build one of the largest clouds in the region by merging 83 data centres owned by more than 40 government bodies.


Saudis launch national artificial intelligence strategy

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DUBAI (Reuters) - Saudi Arabia on Wednesday launched a national artificial intelligence strategy aimed at making it a global leader in the field as it seeks to diversify its oil-based economy. The National Strategy for Data and Artificial Intelligence (NSDAI) will seek to attract $20 billion in foreign and local investments by 2030, a NSDAI statement said. Speaking at the opening of the kingdom's Global AI Summit, the head of the Saudi Data and Artificial Intelligence Authority (SDAIA) - which will spearhead the NSDAI strategy - said Riyadh would announce several AI partnerships. "Saudi Arabia will implement a multi-phase, multi-faceted plan that includes skills, policy and regulation, investment, research and innovation, and ecosystem development," the statement said. Saudi Arabia is pushing to diversify its economy away from oil, boost the private sector and create more jobs for Saudis under its "Vision 2030" plan.


Saudis launch national artificial intelligence strategy

#artificialintelligence

Saudi Arabia on Wednesday launched a national artificial intelligence strategy aimed at making it a global leader in the field as it seeks to diversify its oil-based economy. The National Strategy for Data and Artificial Intelligence (NSDAI) will seek to attract $20 billion in foreign and local investments by 2030, a NSDAI statement said. Speaking at the opening of the kingdom's Global AI Summit, the head of the Saudi Data and Artificial Intelligence Authority (SDAIA) – which will spearhead the NSDAI strategy – said Riyadh would announce several AI partnerships. "Saudi Arabia will implement a multi-phase, multi-faceted plan that includes skills, policy and regulation, investment, research and innovation, and ecosystem development," the statement said. Saudi Arabia is pushing to diversify its economy away from oil, boost the private sector and create more jobs for Saudis under its "Vision 2030" plan.