Saudi Arabia Prepares 10 Regions to Become Among Top 50 Global Cities

The Minister of Municipal, Rural Affairs and Housing speaks to the audience in the opening speech of the forum. (Asharq Al-Awsat)
The Minister of Municipal, Rural Affairs and Housing speaks to the audience in the opening speech of the forum. (Asharq Al-Awsat)
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Saudi Arabia Prepares 10 Regions to Become Among Top 50 Global Cities

The Minister of Municipal, Rural Affairs and Housing speaks to the audience in the opening speech of the forum. (Asharq Al-Awsat)
The Minister of Municipal, Rural Affairs and Housing speaks to the audience in the opening speech of the forum. (Asharq Al-Awsat)

Saudi Minister of Municipal, Rural Affairs and Housing Majid Al-Hogail said that the Kingdom was working to transform at least 10 Saudi cities to become among the top 50 global cities, by achieving the factors of governance, sustainability, and interaction with residents.

His remarks came on the sidelines of the Global Smart City Forum, organized by the Saudi Data and Artificial Intelligence Authority (SDAIA) on Monday in Riyadh with the participation of world experts in the field of building smart cities and artificial intelligence.

Smart municipalities

Al-Hogail noted that the ministry’s strategy was based on Vision 2030 and was aimed at urban growth and portraying cities as vibrant centers of sustainable development and technology, where the aspirations and well-being of people are met.

He added that the strategy achieves the concept of smart municipalities and develops urban centers in existing cities, by taking advantage of AI technology and data.

Smart applications

Al-Hogail went on to say that the ministry aims for the well-being of the population by laying the foundations for smart cities and municipalities, as part of its steps to enhance community interaction in the “Baladi” application, which has received global praise as one of the most prominent smart applications in the United Nations.

For his part, Dr. Abdullah Al-Ghamdi, head of SDAIA, explained that the forum aims to achieve three goals: anticipating sustainable smart cities in the future, promoting smart government initiatives worldwide, and motivating companies to invest in building smart solutions.

He stated that in 2023, the joint efforts of government agencies that used the national smart cities platform “Smart C” contributed to reducing traffic congestion on a road network leading to the site of a huge conference in Riyadh by 36 percent, compared to 2022.

Al-Ghamdi also revealed the launch of the Smart Cities Accelerator with strong participation from local and international startups, which created commercial opportunities and facilitated market access for more than 100 teams from 39 universities.



Oil Edges Up on Strong US GDP Data

A pumpjack brings oil to the surface in the Monterey Shale, California, US April 29, 2013. REUTERS/Lucy Nicholson/File Photo
A pumpjack brings oil to the surface in the Monterey Shale, California, US April 29, 2013. REUTERS/Lucy Nicholson/File Photo
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Oil Edges Up on Strong US GDP Data

A pumpjack brings oil to the surface in the Monterey Shale, California, US April 29, 2013. REUTERS/Lucy Nicholson/File Photo
A pumpjack brings oil to the surface in the Monterey Shale, California, US April 29, 2013. REUTERS/Lucy Nicholson/File Photo

Oil prices were up slightly on Friday on stronger-than-expected US economic data that raised investor expectations for increasing crude oil demand from the world's largest energy consumer.

But concerns about soft economic conditions in Asia's biggest economies, China and Japan, capped gains.

Brent crude futures for September rose 7 cents to $82.44 a barrel by 0014 GMT. US West Texas Intermediate crude for September increased 4 cents to $78.32 per barrel, Reuters reported.

In the second quarter, the US economy grew at a faster-than-expected annualised rate of 2.8% as consumers spent more and businesses increased investments, Commerce Department data showed. Economists polled by Reuters had predicted US gross domestic product would grow by 2.0% over the period.

At the same time, inflation pressures eased, which kept intact expectations that the Federal Reserve would move forward with a September interest rate cut. Lower interest rates tend to boost economic activity, which can spur oil demand.

Still, continued signs of trouble in parts of Asia limited oil price gains.

Core consumer prices in Japan's capital were up 2.2% in July from a year earlier, data showed on Friday, raising market expectations of an interest rate hike in the near term.

But an index that strips away energy costs, seen as a better gauge of underlying price trends, rose at the slowest annual pace in nearly two years, suggesting that price hikes are moderating due to soft consumption.

China, the world's biggest crude importer, surprised markets for a second time this week by conducting an unscheduled lending operation on Thursday at steeply lower rates, suggesting authorities are trying to provide heavier monetary stimulus to prop up the economy.