Saudi Emerging Technology Adoption Index Rises to 70.7%

The “LEAP 2024” conference saw $1 billion in funding for emerging technology ventures in Saudi Arabia (Asharq Al-Awsat)
The “LEAP 2024” conference saw $1 billion in funding for emerging technology ventures in Saudi Arabia (Asharq Al-Awsat)
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Saudi Emerging Technology Adoption Index Rises to 70.7%

The “LEAP 2024” conference saw $1 billion in funding for emerging technology ventures in Saudi Arabia (Asharq Al-Awsat)
The “LEAP 2024” conference saw $1 billion in funding for emerging technology ventures in Saudi Arabia (Asharq Al-Awsat)

The performance index of Saudi government agencies in “Emerging Technologies Adoption” has improved significantly by 10% compared to last year, rising from 60.3% in 2023 to 70.7% in 2024.
This improvement is driven by an increase in the number of participating government entities, which grew from 13 to 35.
This progress was detailed in the annual report released by the Digital Government Authority (DGA), highlighting the readiness of government entities to embrace emerging technologies in 2024.
The rise in the adoption index reflects a broader participation and growing interest aligned with the Kingdom’s goals to foster innovation and support modern technologies.
It also underscores Saudi Arabia’s commitment to sustainable development and building an advanced digital future under the “Vision 2030” initiative, which positions digital transformation as a cornerstone of its future vision.
The report also highlighted advancements in various capacities for adopting emerging technologies.
This heightened focus on adopting emerging technologies coincides with a transformative period for the Kingdom's digital government, which is leveraging cutting-edge technologies to deliver superior services to citizens, residents, and visitors, playing a crucial role in the journey towards the future.
Saudi Arabia has integrated numerous emerging technologies into government services, enhancing efficiency, automating services, saving time and effort, and promoting transparency.
Globally, the leading emerging technologies in digital governments include artificial intelligence (AI), which is used to improve government services, the Internet of Things (IoT) for data collection and analysis, virtual reality for providing interactive citizen experiences, and 3D printing for manufacturing parts and components.
Notably, Saudi Arabia ranked first globally in the Government AI Readiness Index, a part of the Global AI Index by Tortoise Intelligence, which assesses over 60 countries. Germany and China ranked second and third, respectively.
Saudi Arabia achieved a perfect score in the index’s criteria, which include having a dedicated national AI strategy, a specific government entity for AI, allocated funding and budget for AI, and defined national AI targets.



Drilling at Kuwait’s Durra Field to Start this Year

Drilling at Kuwait’s Durra Field to Start this Year
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Drilling at Kuwait’s Durra Field to Start this Year

Drilling at Kuwait’s Durra Field to Start this Year

Procedures for drilling and construction work on the Durra gas field will begin later this year after engineering studies wrap up later this summer, Kuwait Petroleum Corporation’s (KPC) CEO Sheikh Nawaf Saud Al-Sabah told Reuters on Thursday.

Saudi Arabia and Kuwait affirm they jointly own rights to natural resources in Durra while Iran claims a stake in the Gulf's gas field.

Sheikh Nawaf said the company plans to invest 7 billion Kuwaiti dinars ($22.92 billion) on its upstream operations over the next five years.

He also said that KPC would reach a production capacity of 3.2 million barrels per day (bpd) by the end of this year and expects to increase that to 4 million bpd by 2035.

Earlier, the CEO of the Kuwait Petroleum Corporation told CNBC Arabia that production operations in offshore reservoirs require seven years. “But we expect to start production from Al-Nokhatha field within a shorter period of time,” he said.

The CEO noted that the oil and gas discovery at Al-Nokhatha field supports Kuwait’s strategy to increase its capacity to 4 million bpd by 2035.

On Wednesday, State-owned Kuwait Oil Company (KOC) announced preparations to begin digging six new exploratory wells in the country’s territorial waters, which contains large hydrocarbon resources.

The announcement came after KPC said on Sunday it had made a “giant” oil discovery in the Al-Nokhatha field, with oil reserves estimated at 3.2 billion barrels.