SDAIA: Saudi Arabia is a Pioneer in Smart City Initiatives

The director of the National Information Center at the Saudi Data and AI Authority (SDAIA) confirmed that the Kingdom has launched initiatives in the field of smart cities. SPA
The director of the National Information Center at the Saudi Data and AI Authority (SDAIA) confirmed that the Kingdom has launched initiatives in the field of smart cities. SPA
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SDAIA: Saudi Arabia is a Pioneer in Smart City Initiatives

The director of the National Information Center at the Saudi Data and AI Authority (SDAIA) confirmed that the Kingdom has launched initiatives in the field of smart cities. SPA
The director of the National Information Center at the Saudi Data and AI Authority (SDAIA) confirmed that the Kingdom has launched initiatives in the field of smart cities. SPA

The director of the National Information Center at the Saudi Data and AI Authority (SDAIA), Dr. Esam bin Abdullah Al-Wagait, confirmed that the Kingdom has launched initiatives in the field of smart cities inspired by innovation.

He made a speech on Wednesday during the Smart City Expo World Congress held in Barcelona, where he said that generative artificial intelligence (AI) integrated into city services and urban solutions will become the cornerstone of future smart-city initiatives.

He also indicated that using the power of generative AI will not only include designs and urbanization of cities but will create smart cities adapted to the needs of their residents and promoting a sustainable and inclusive living environment.

Al-Wagait reiterated that in support of the increasing use of the Internet of Things (IoT), the Kingdom has demonstrated its commitment to the basic vision that stipulates enhancing the smart-city environment in which communication and connectivity are not just applied concepts but a lifestyle, seamlessly integrating IoT into the city’s technical structure.

He also underscored the transformation of the pioneering national project NEOM, as the project is a realistic embodiment of the future vision of smart cities through the effective use of IoT, big data, and AI, which aims to redefine the concepts of urban design and planning and set new global standards for efficiency in improving every aspect of the urban city and achieving well-being for its citizens.

He noted the transformation journey of SDAIA through its various initiatives, including establishing the Smart Riyadh Operations Center (Smart ROC), which works as a central point that uses data and AI techniques to monitor, analyze, and forecast operational indicators in various sectors in Riyadh. He said the major mission of the center is to address the city's challenges, improve quality of life, infrastructure, and urban services.

He said SDAIA has developed smart systems to monitor crowds and traffic through coordination with government agencies to build AI-based systems which supported the center to successfully manage traffic during the International Technology Conference (LEAP23) in Riyadh, led to reducing traffic congestion by 36% and ensured a quick and effective response to ambulance and emergency cases in record time.



Gold Steady as Focus Shifts to US Data for Economic Cues

Gold bullion displayed in a store in the German city of Pforzheim (dpa)
Gold bullion displayed in a store in the German city of Pforzheim (dpa)
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Gold Steady as Focus Shifts to US Data for Economic Cues

Gold bullion displayed in a store in the German city of Pforzheim (dpa)
Gold bullion displayed in a store in the German city of Pforzheim (dpa)

Gold prices were little changed on Monday, while investors awaited a slew of US economic data including the December nonfarm payrolls report for further guidance on the Federal Reserve's stance on interest rates.
Spot gold held its ground at $2,635.39 per ounce by 0510 GMT. US gold futures dropped 0.2% to $2,646.80.
How the US jobs data fares this week could hold the key to whether gold breaks out of its recent range, said Tim Waterer, chief market analyst at KCM Trade.
"There is a plethora of US data due for release this week (including ISM Services PMI data), and any downside misses could hurt the USD and help gold."
The US jobs report, due on Friday, is expected to provide more clues to the Fed's rate outlook after the US central bank rattled markets last month by reducing its projected cuts for 2025.
Investors are also awaiting ADP hiring and job openings data, as well as minutes of the Fed's last policy meeting for further direction.
Gold flourishes in a low-interest-rate environment and serves as a hedge against geopolitical uncertainties and inflation.
US President-elect Donald Trump is set to return to office on Jan. 20 and his proposed tariffs and protectionist policies are expected to fuel inflation.
This could prompt the Fed to go slow on rate cuts, limiting gold's upside. After three rate cuts in 2024, the Fed has projected only two reductions for 2025 due to persistent inflation.
The US central bank's benchmark policy rate should stay restrictive until it is more certain that inflation is returning to its 2% target, Richmond Federal Reserve President Thomas Barkin said on Friday.
Spot silver was down 0.2% at $29.57 per ounce, platinum dipped 0.7% to $931.30 and palladium fell 0.4% to $918.22.