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“135” billion dollars the size of artificial intelligence in the Saudi economy in 2030

“135” billion dollars the size of artificial intelligence in the Saudi economy in 2030

May 21, 2020
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“135” billion dollars the size of artificial intelligence in the Saudi economy in 2030

May 21, 2020
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“135” billion dollars the size of artificial intelligence in the Saudi economy in 2030
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Riyadh: afroshongir

Specialists emphasized that artificial intelligence can add to the Saudi economy more than (135) billion dollars expected by the year 2030, and that if the areas of benefiting from this technology are expanded in various productive sectors, stressing that field must entered strongly to achieve the greatest Economic gains. The specialist participating in the dialogue (Artificial Intelligence; Roles and Future), organized by the Riyadh Chamber represented by the Artificial Intelligence Committee, remotely, on Wednesday evening, and moderated by Professor Muhammad Al-Omar, Vice-Chairman of the Committee, indicated that the Kingdom is witnessing an active technical movement, noting the important role of artificial intelligence In creating more employment opportunities due to its multiple uses in many educational, health, logistical and industrial sectors.

Dr. Fatima Ba-Othman, Chairman of the Board of Directors of the Artificial Intelligence Association, said that there is a need to create a global platform for artificial intelligence to contribute to increasing the income of individuals and employing different skills, stressing the importance of linking education, the labor market and employment in a coordinated way to create jobs and employ the largest number of cadres. She added that there are multiple areas to take advantage of artificial intelligence in the government and private sectors to develop the economy, especially in aspects related to improving performance and measurement processes and the growth and development of companies, explaining that companies that have turned to the use of artificial intelligence have achieved millions of dollars expecting the number to reach greater rates whenever companies expand to use this technology, especially industrial sector companies.

For his part, Mr. Waleed Al-Ballaa, the investor via bold capital, explained that artificial intelligence plays an important role in improving the performance of institutions and raising their competitiveness and productivity and developing their capabilities through relying on this technology. He explainied the importance of identifying the company in the areas of the use of artificial intelligence and setting goals. He said that the Saudi market has benefited from artificial intelligence, noting the impact of this on raising the efficiency of the economy and its competitive strength, praising the government support in this aspect, stressing that the environment is more prepared than before for all institutions to use artificial intelligence in various sectors, indicating the extent of its role in the continuation of the company and risks confronting

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