Saudi Ministry of Communications Signs a MOU with Siemens

 Ministry of Communications and Information Technology Logo
Ministry of Communications and Information Technology Logo
TT

Saudi Ministry of Communications Signs a MOU with Siemens

 Ministry of Communications and Information Technology Logo
Ministry of Communications and Information Technology Logo

The Ministry of Communications and Information Technology signed a MOU with Siemens to boost digital industrial transformation in the Kingdom in tandem with the Saudi Vision 2030.

Minister of Communications and Information Technology Eng. Abdullah al-Sawaha and Germany's ambassador to the Kingdom Dieter W. Haller were present.

Dr. Mohammed al-Mishaigeh, undersecretary of the ministry for planning and development, and Dr. Roland Bush, technological president of Siemens signed on behalf of their parties.

The MOU covers smart cities, health care, mining, petrochemicals, digital shipyard building, and mechatronics engineering to help the Kingdom accomplish Saudi Vision 2030, increase digitization of medical files to 70, enhance mining sector contribution in the GDP and nationalize renewable energy industries, industrial tools and knowledge transfer.

There are three Saudi cities among the 100 best cities in the world.

Minister of Communications and Information Technology Eng. Abdullah al-Sawaha clarified that the ministry seeks empowering the society and economy to grasp digital transformation chances, to push the kingdom to the lead of innovative countries and accelerate accomplishing Saudi Vision 2030.

Bush said Siemens is working with the Kingdom to achieve a more diversified and competitive digital economy, including promoting the local skills in the field of automation and digitization.



Biden Pledges Record $4 bln US Contribution to World Bank Fund for Poorest Countries

The World Bank logo. (File/Asharq Al-Awsat Ar)
The World Bank logo. (File/Asharq Al-Awsat Ar)
TT

Biden Pledges Record $4 bln US Contribution to World Bank Fund for Poorest Countries

The World Bank logo. (File/Asharq Al-Awsat Ar)
The World Bank logo. (File/Asharq Al-Awsat Ar)

US President Joe Biden has pledged a $4 billion US contribution to the World Bank's International Development Association (IDA) fund for the world's poorest countries, two sources with knowledge of the commitment said on Monday, Reuters reported.

Biden announced the US pledge during a closed session during the Group of 20 summit in Rio de Janeiro, according to the sources, who spoke on condition of anonymity.

The amount is a record and substantially exceeds the $3.5 billion that Washington committed in the previous IDA replenishment round in December 2021.