For luring foreign as well as native investments for a net worth of $20Billion, the kingdom intends to build field of Data as well as AI within the forthcoming ten years. The Saudi Data as well as the Artificial Intelligence Authority combined the forces alongside US firm Dell to create advanced capabilities in emerging technology like Artificial Intelligence as well as Machine Learning.
The initiative will power the combined Development of Engineering as well as the Technology projects within the Kingdom, SDAIA stated on Friday, a day post agreement were signed within the GITEX Technology Week in Dubai.
Dr. Esam Al-Wagait, Director of Saudi Arabia’s National Information Centre stated that: “We are elated regard the expansion as well as opportunities created with Fourth Industrial Revolution, as we are striving for delivering products as well as services that are developed round the progressive emerging technologies. Mr AL-Wagait signed the pact on behalf of SDAIA. They are excited for partnering with Dell Technologies as well as our ongoing Digitalized tour.”
The National Strategy for Data as well Artificial Intelligence within October. As according to a report through consultancy PwC stated that “The AI is expected for contribution of up to 12.4 percent of the nation’s gross domestic product- around $135Billion-within 2030.
The kingdom plans to appeal foreign and native investment valued at $20 billion in the grounds of data and AI in the subsequent 10 years.
Dell’s Senior Vice President for the Middle East, Mohammed Amin, stated that: “US firm looked forward for bolstering capacity-creating efforts in AI as well as Big Data, in a path that contribute for progression of the nation’s knowledge economy.
“It is a preference to cooperate with SDAIA as they look to boost their role as the foremost technology enabler of Saudi Arabia’s digital revolution vision,” he said. The contract will also empower the discussion of finest practice and expertise to mature integrated projects that address the technology needs of public sector entities, SDAIA said.