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SDAIA President Unveils 'State of AI in Saudi Arabia' Report

The report, titled "The State of AI in Saudi Arabia," examines the development of AI technologies in the country over the past five years (2019-2023). SPA
The report, titled "The State of AI in Saudi Arabia," examines the development of AI technologies in the country over the past five years (2019-2023). SPA
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SDAIA President Unveils 'State of AI in Saudi Arabia' Report

The report, titled "The State of AI in Saudi Arabia," examines the development of AI technologies in the country over the past five years (2019-2023). SPA
The report, titled "The State of AI in Saudi Arabia," examines the development of AI technologies in the country over the past five years (2019-2023). SPA

President of the Saudi Data and Artificial Intelligence Authority (SDAIA) Dr. Abdullah bin Sharaf Al-Ghamdi has unveiled a report detailing the Kingdom's advancements in AI.

The report, titled "The State of AI in Saudi Arabia," examines the development of AI technologies in the country over the past five years (2019-2023). It highlights Saudi Arabia's efforts in the field, which have garnered international recognition.

The report, which was unveiled during a press conference at the Global AI Summit (GAIN Summit), outlines seven key pillars that underpin Saudi Arabia's progress: policies and regulations, investment, infrastructure, data, talent and human capabilities, research and innovation, and adoption.

It emphasizes SDAIA's role in leading the nation's digital transformation and advancing the national data and AI agenda. This includes promoting AI adoption across government entities, raising public awareness, developing a robust strategy, and fostering the utilization of data and AI technologies throughout the Kingdom.

The report reflects SDAIA's commitment to fostering data-driven capabilities and continuous innovation in the field of AI. It aims to solidify Saudi Arabia's position as a leader amongst data-driven and AI-powered economies of the future.

The report also serves as a valuable resource for understanding the latest global trends in AI and showcasing Saudi Arabia's achievements in raising awareness and educating society on the transformative potential of AI in serving humanity.

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stc Group Net Profit for First Quarter of 2025 Increases 11.05%

CEO of stc Group Eng. Olayan Alwetaid highlighted that the group’s achievements were the result of its unwavering commitment to innovation, operational efficiency, and sustainable growth. Asharq Al-Awsat
CEO of stc Group Eng. Olayan Alwetaid highlighted that the group’s achievements were the result of its unwavering commitment to innovation, operational efficiency, and sustainable growth. Asharq Al-Awsat
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stc Group Net Profit for First Quarter of 2025 Increases 11.05%

CEO of stc Group Eng. Olayan Alwetaid highlighted that the group’s achievements were the result of its unwavering commitment to innovation, operational efficiency, and sustainable growth. Asharq Al-Awsat
CEO of stc Group Eng. Olayan Alwetaid highlighted that the group’s achievements were the result of its unwavering commitment to innovation, operational efficiency, and sustainable growth. Asharq Al-Awsat

Saudi Arabia’s stc announced on Sunday the company’s preliminary financial results for the first quarter ending March 31, reporting revenues of SAR19,210 million, a 1.60% increase year-over-year.

Gross profit rose by 5.01% to SAR9,098 million, operating profit increased by 2.02% to SAR3,584 million, and EBITDA grew by 5.25% to SAR6,120 million. Net profit for the quarter reached SAR3,649 million, representing an 11.05% increase compared to the same period last year.

According to a statement issued by stc, the group distributed SAR0.55 per share for the first quarter of 2025, in accordance with the dividends distribution policy approved by the General Assembly.

Commenting on the results, CEO of stc Group Eng. Olayan Alwetaid highlighted that the group’s achievements were the result of its unwavering commitment to innovation, operational efficiency, and sustainable growth, as well as its relentless pursuit of creating added value for shareholders, customers, and the digital economy as a whole.

He further added that, early in 2025, stc Group achieved several strategic milestones that further solidified its position in the telecommunications and information technology sector. Among these achievements was a new global milestone, as the group successfully localized the software for eSIM technology in collaboration with Thales, making stc the first telecom operator in the world to obtain SAS-UP license certification from the GSMA.

He emphasized that this accomplishment complements stc’s ongoing efforts to support local content in the ICT sector through business localization and the transfer of manufacturing and technical expertise to the Kingdom.
In continuation of the group’s efforts to enhance the digital communication infrastructure in the region, stc signed a strategic agreement with Ooredoo to establish an international ground fiber network corridor between Saudi Arabia and Oman. This strategic partnership aims to enhance the digital communication infrastructure in the region through the project, which starts with the Saudi-Oman corridor. The project will also create an integrated ground fiber network with two backup routes, connecting submarine cable landing stations on the Red Sea in Saudi Arabia to their counterparts on the Arabian Sea in Oman, passing through dedicated data centers in both countries. This agreement reaffirms the Group’s commitment to delivering advanced communication solutions, enhancing intercontinental connectivity, and driving digital transformation to support the region’s economic growth.
The statement added that stc Group strengthened its position in cloud computing and artificial intelligence by signing an agreement with Amazon Web Services (AWS). This partnership significantly boosts the Group’s ability to deliver advanced technological solutions tailored to the diverse needs of various sectors, while reaffirming its commitment to driving the shift toward an integrated digital economy and leading the future of smart technology in the Kingdom and beyond.
Furthermore, as part of its commitment to providing the highest quality of digital services, stc Group enhanced its telecommunications network in the Two Holy Mosques during the holy month of Ramadan by strengthening its infrastructure to meet the growing demand for services during peak times. This upgrade resulted in a 120% increase in connection speed, enabling the Group to ensure an exceptional communication experience for visitors to the holy sites during the peak visitor periods.