Saudi "2024" awaits $ 11.9 billion in initial investments

The Kingdom of Saudi Arabia, which is traditionally known for its petroleum wealth, is drawing a new path in the framework of Vision 2030, with the aim of reducing its dependence on oil and transformation in a global technological power. The technological event “LEAP 2024” is at the forefront of this transformation, with a platform for innovation, and to attract the most advanced technology and products companies, as well as investors and business people from all over the world to the heart of the Arabian Peninsula, where the Minister of Communications and Information Technology has seen Abdullah. have. The future is drawn into the desert in a desert free of any urban appearance, except for an iron fence, lighting pillars are bright with the slogan “Saudi Aramco”, the largest oil producer in the world, and some banners that “draw your imagination … and we are here for tomorrow”, the Riyadh building alone. Here it is held in 4 days (March 4 to March 7), one of the largest technical exhibitions and conferences in the world “Lip 2024”, which includes a mix of local and international speakers, thereby trying to neglect Saudi Arabia to neglect the ability of technology to realize reality and the future without running the importance of daily issues for individuals as for government. The Saudi sovereignty increases its investment in a technical project supported by “Ali baby”. The conference contains more than 1,000 speakers and discusses the most important global technical achievements and ways to integrate them into other services, whether governments or commercial. The sessions program includes interventions for heads and officials of technology entities, including “Amazon”, which announced an investment of $ 5.3 Billion through its poor “Amazon web” to create a super -capacity cloud area in Saudi Arabia, and data volt. Build Sustainable and Innovative Data Centers in Saudi Arabia, and “IBM” that will pump $ 250 million to establish a global center to develop software in the Kingdom, and Servicenow, which will invest $ 500 million in Saudi Arabia to create its first data center in the region, as well as technology, as well as “Google”, “Ali baby”, “Tinette”, “Arxon” and “Zoom”. Hundreds of international, regional and local businesses have also displayed their products and explained how their technologies can be combined in many aspects of our daily lives, from cloud computing to smart government applications aimed at facilitating transactions and increasing the percentage of technical transformation in the kingdom. Artificial intelligence and digital transformation The technology sector in the kingdom is an emerging compared to world markets, but it is a rapid growth thanks to the government’s attention and corporate investment. A Cyber ​​Federation spokesman, programming and Druze Yasser Al -Oosaimi told Al -Sharq in a statement that the technology market in general in the Kingdom exceeded $ 42 billion, pointing out that the current year of the “Leip” conference will see more billionaire investments. These investments fall within the framework of plans previously announced by the Kingdom in recent months, in which it is a plan to invest up to $ 20 billion in artificial intelligence by 2030. These investments contributed to raising the contribution of the digital economy to the total local product of the kingdom, to indicate the general authority for the first time for the first time. An essential element in the digital economy, as the percentage of establishments that bought clouds of culprit services reached 48%, and the percentage of enterprises that provided services through electronic applications was about 20.3%. As far as the largest percentage is concerned, it was the part of the institutions that the Internet devices or systems used about 60.1%. Technology giants adopt a regional headquarters of technology that is not limited to direct contribution to the local product, but also extends to many sectors and private and government companies. The digital transformation is one of the most prominent results of the integration of technology, as the Governor of the Saudi Authority Authority, Ahmed Al -Suwaian, said that the government had exceeded 97% regarding the digital transformation of services related to citizens and emphasized in a previous interview with all -sharq that the digitalization process in the digitalization process. According to Al -Wayan, the digital transformation has contributed to the reduction of the average time of service provision regarding the judicial authorities significantly, as the period needed to open the file of any case for the judicial settlement has decreased from 219 days to 30 days, which is a reduction rate of more than 85%, which declares that the same case applies to many ministry of the inland. the “citizens and inhabitants in the kingdom.