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Saudi Arabia to Establish World's First ‘Sustainability Center’ Using AI

The head of the Saudi Authority for Data and Artificial Intelligence during the announcement of the launch of the principles of ethics for AI on the sidelines of the Global AI Summit in Riyadh (Asharq Al-Awsat)
The head of the Saudi Authority for Data and Artificial Intelligence during the announcement of the launch of the principles of ethics for AI on the sidelines of the Global AI Summit in Riyadh (Asharq Al-Awsat)
    Riyadh - Mohammed Halal
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Saudi Arabia to Establish World's First ‘Sustainability Center’ Using AI

The head of the Saudi Authority for Data and Artificial Intelligence during the announcement of the launch of the principles of ethics for AI on the sidelines of the Global AI Summit in Riyadh (Asharq Al-Awsat)
The head of the Saudi Authority for Data and Artificial Intelligence during the announcement of the launch of the principles of ethics for AI on the sidelines of the Global AI Summit in Riyadh (Asharq Al-Awsat)

The Saudi Deputy Minister of Environment, Water and Agriculture Mansour bin Hilal Al-Mushaiti revealed that Google has reached an agreement with Saudi Arabia to help implement Artificial Intelligence (AI) sustainable solutions and cutting-edge technologies in the Kingdom.

The Saudi Authority for Data and Artificial Intelligence (SDAIA), in partnership with the global business, has established AI programs and initiatives for the Ministry of Environment, Water and Agriculture.

The agreement with Google covers three programs and 11 initiatives, according to Al-Mushaiti.

Al-Mushaiti stressed the importance of finding innovative solutions to help take advantage of the potential of untapped resources across the Kingdom.

This will support the implementation of the digital transformation strategy, environmental initiatives, and the ministry’s strategy to leverage AI in all sectors, including services and initiatives to achieve sustainable development goals in Saudi Arabia.

During the Global AI Summit in Riyadh, Al-Mushaiti touched upon the importance of AI in accelerating progress in a proactive manner to apply emerging and modern technologies, which in turn will enable the achievement of strategic goals that align with the national transformation plan, “Kingdom Vision 2030.”

“Artificial Intelligence will aid in accelerating multi-progress and achieving sustainability goals aligned with Vision 2030,” Al-Mushaiti said.

AI is also expected to contribute to the transformation into a digital society, economy, and nation.

“It is necessary to implement original solutions that will enable us to depart from the old legacy and implement state-of-the-art technologies and deploy artificial intelligence when, where, and how needed,” he added.

In other news, the Minister of Municipal and Rural Affairs and Housing Majid Bin Abdullah Al-Hogail, President of the Saudi Data & AI Authority (SDAIA) Dr. Abdullah Bin Sharaf Al-Ghamdi, and CEO of the Royal Commission for Riyadh City Fahd Bin Abdulmohsen Al-Rasheed inaugurated Wednesday the “Smartathon -The Smart Cities Challenge.”

The challenge aims to develop emerging solutions to improve the urban landscape in the cities of the Kingdom of Saudi Arabia, and to come up with technical solutions that contribute to detecting and reducing visual distortions, and benefiting from the Saudi and international experiences to find solutions using data and artificial intelligence.

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Gold Firms; Focus on US Data for Cues on Fed's Policy Path

FILE PHOTO: A woman looks at a gold bangle inside a jewellery showroom at a market in Mumbai January 15, 2015. REUTERS/Shailesh Andrade//File Photo
FILE PHOTO: A woman looks at a gold bangle inside a jewellery showroom at a market in Mumbai January 15, 2015. REUTERS/Shailesh Andrade//File Photo
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Gold Firms; Focus on US Data for Cues on Fed's Policy Path

FILE PHOTO: A woman looks at a gold bangle inside a jewellery showroom at a market in Mumbai January 15, 2015. REUTERS/Shailesh Andrade//File Photo
FILE PHOTO: A woman looks at a gold bangle inside a jewellery showroom at a market in Mumbai January 15, 2015. REUTERS/Shailesh Andrade//File Photo

Gold prices hovered near a four-week peak on Thursday, while focus shifted to jobs report due on Friday for clarity on the Federal Reserve's 2025 interest rate path.
Spot gold edged 0.1% higher to $2,664.30 per ounce, as of 0732 GMT. US gold futures rose 0.4% to $2,681.80
"Prices are trading in a narrow range ... A new trigger is needed for gold to breach its resistance," said Ajay Kedia, director at Kedia Commodities in Mumbai.
The bullion hit a near four-week high in the previous session after a weaker-than-expected US private employment report hinted that the Fed may be less cautious about easing rates this year.
The market now awaits US jobs report on Friday for more cues on the Fed's policy path.
Investors are also awaiting Donald Trump to take office on Jan. 20 and his proposed tariffs and protectionist policies are expected to fuel inflation.
Policymakers at the Fed's last meeting also "noted that recent higher-than-expected readings on inflation, and the effects of potential changes in trade and immigration policy, suggested that the process could take longer than previously anticipated," the minutes showed on Wednesday.
Bullion is considered an inflationary hedge, but high rates reduce the non-yielding asset's allure.
"We believe the bulk of the rally has been put in and that while gold's upward momentum may carry it higher in the near term and in early 2025, a combination of physical and financial market factors may tame the rally and drive gold moderately lower by the end of next year," HSBC said in a note.
Elsewhere, physically-backed gold exchange-traded funds (ETFs) registered their first inflow in four years, the World Gold Council said.
Spot silver added 0.2% to $30.17 per ounce, platinum dropped 0.3% to $952.54 and palladium shed 0.8% to $921.37.