Saudi Arabia’s $100 Billion Investment in Technology Driving Innovation Worldwide
In a recent interview with Arab News, Turki Badhris, president of Microsoft Arabia, highlighted Saudi Arabia’s ambitious plan to invest $100 billion in technology. This investment is positioning the Kingdom as a global leader in innovation and talent development.
Alat: Saudi Arabia’s Venture into Technology and AI
The Kingdom launched Alat, a technology and artificial intelligence firm backed by the Public Investment Fund, with the goal of boosting the technological sector in Saudi Arabia.
Harnessing the Power of AI in Saudi Arabia
Badhris emphasized how Saudi Arabia’s giga-projects and initiatives are leveraging the transformative potential of AI. He stated, “Saudi Arabia is leading in AI vision globally, positioning itself not only as a regional hub but also as a global center for innovation and talent.”
Microsoft’s Role in Empowering Saudi Arabia
Microsoft’s commitment to Saudi Arabia includes investing in cloud and AI technologies to drive the growth of the ICT market. The recent announcement of bringing Microsoft Cloud Data Center to Saudi is expected to accelerate the economy’s diversification and growth.
AI and Cloud Technologies Reshaping Industries
Badhris forecasted a significant increase in businesses transitioning to cloud computing by 2024. This shift will transform business models and workloads, with AI playing a crucial role in enhancing efficiency and innovation.
Collaboration for Innovation
Microsoft is collaborating with organizations across various sectors, from startups to large enterprises, to unleash the potential of AI and cloud technologies in Saudi Arabia. The company’s focus on localization and partnership with diverse sectors highlights its commitment to driving innovation in the Kingdom.
Unlocking Saudi Arabia’s Technological Potential
Despite the progress made, Badhris believes there is still untapped potential in Saudi Arabia. He emphasized the need to keep pace with technological advancements and bring the best global practices to accelerate innovation in the Kingdom.