Minister of Industry: Technology offers Saudi Arabia a low -cost industry and size

Saudi Minister of Industry and Mineral Resources, Bandar Al -khar, said that the technological transformation that the industry has seen in the world over the past 25 years is in the interests of Saudi Arabia, which indicates that size is no longer a problem, and that production can be much less. The autumn words come in the session “The conflict between industry and technology” within the special meeting of the World Economic Forum, held over two days in the Saudi capital, Riyadh, under the slogan “international cooperation, growth and energy for development”. The fall added that the acceptance of technologies will enable business owners to be effective producers at a low cost, pointing out that the disorder that occurs worldwide at the level of technology enables Saudi Arabia to capture different technologies and grow in industry and mining. The acceptance of technology is the fall in the contemporary session, that the kingdom is ready to adopt technology, either in terms of material or digital infrastructure, in addition to the various employment training programs, considering that good organization and equipment are needed to ensure the safety of technologies and cyber security. Training and education activities have become more effective in the light of technological development, as the use of artificial intelligence in virtual reality increases the level of learning by 80%, according to the Saudi Minister of Industry. Saudi Arabia counts on the company “AWAT” announced in February by Saudi Crown Prince Mohammed Bin Salman, to provide final products to consumers, in addition to the contribution to the development of technology locally instead of importing it, and the company aims to end the transactions with international bodies and invest in large industrial enterprises. It plans to invest $ 100 billion by 2030.