Saudi Arabia, Major Tech Companies Discuss Expanding Future AI Partnerships

Eng. Abdullah Alswaha held meetings with leaders of leading global companies in Davos
Eng. Abdullah Alswaha held meetings with leaders of leading global companies in Davos
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Saudi Arabia, Major Tech Companies Discuss Expanding Future AI Partnerships

Eng. Abdullah Alswaha held meetings with leaders of leading global companies in Davos
Eng. Abdullah Alswaha held meetings with leaders of leading global companies in Davos

The Saudi Minister of Communications and Information Technology (MCIT) Eng. Abdullah Alswaha has held meetings with leaders of leading global companies during his participation in the World Economic Forum (WEF) in Davos.

The meetings discussed prospects for strategic investments and expanding future partnerships in artificial intelligence (AI), cloud computing, and modern technologies, highlighting the Kingdom's position as a hub for technology and innovation in the region.

To enhance Amazon Web Services' investments in Saudi Arabia, Alswaha met with the CEO of Amazon Web Services (AWS), Matt Garman, to discuss enhancing the strategic partnership in cloud computing, AI, and AWS investments in the Kingdom. This will support the growth of the digital economy and affirm Saudi Arabia's regional position as a center for innovation and advanced technical solutions.

In the context of strengthening global partnerships in AI, Alswaha engaged in discussions with founder and CEO of Scale AI Alexandr Wang, focusing on enhancing AI and data solutions and developing the Kingdom's capabilities to achieve its aspirations and develop the digital economy.

Alswaha also discussed with IBM CEO Arvind Krishna opportunities for high-quality investments in Saudi Arabia, expanding IA and big data partnerships, and developing national capabilities in modern technologies.

He met with Sony's Chairman and CEO Kenichiro Yoshida to expand partnerships in technology and innovation, develop strategic partnerships, and exchange expertise to support the digital economy and develop capabilities in online gaming.

Additionally, MCIT Vice Minister Eng. Haitham AlOhali discussed with OpenAI's Chief Product Officer Kevin Weil ways to enhance partnerships in developing AI technologies and invest in their promising potential to drive the growth of the digital economy and achieve sustainable development.



GASTAT: Saudi Non-oil Exports Increased by 19.7% in November 2024

GASTAT: Saudi Non-oil Exports Increased by 19.7% in November 2024
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GASTAT: Saudi Non-oil Exports Increased by 19.7% in November 2024

GASTAT: Saudi Non-oil Exports Increased by 19.7% in November 2024

Saudi Arabia’s General Authority for Statistics (GASTAT) released the international trade publication for November 2024, revealing a 19.7% increase in non-oil exports compared to November 2023.
The publication also highlighted an 82.9% rise in the value of re-exported goods during the same period, while merchandise exports decreased by 4.7% and imports grew by 13.9%, SPA reported.
It also showed that chemical products are among the most significant non-oil exports, accounting for 24.0% of the total, a 1.6% decrease compared to November 2023.
Plastics, rubber, and their products, which represented 21.7% of total non-oil exports, recorded a 4.0% increase compared to November 2023.
Machinery, electrical equipment and their parts accounted for 28.1% of total imports, showing a 22.4% increase compared to November 2023. Transportation equipment and their parts, representing 14.2% of total imports, also saw a 22.0% increase compared to November 2023.
The publication revealed that total exports reached SAR90.5 billion, total imports totaled SAR73.7 billion, and the trade balance stood at SAR16.8 billion.