Microsoft CEO Highlights Importance of AI to Boost Economic Development in Saudi Arabia

Microsoft CEO and Chairman Satya Nadella has highlighted the importance of artificial-intelligence (AI) technologies to support economic development in Saudi Arabia. SPA
Microsoft CEO and Chairman Satya Nadella has highlighted the importance of artificial-intelligence (AI) technologies to support economic development in Saudi Arabia. SPA
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Microsoft CEO Highlights Importance of AI to Boost Economic Development in Saudi Arabia

Microsoft CEO and Chairman Satya Nadella has highlighted the importance of artificial-intelligence (AI) technologies to support economic development in Saudi Arabia. SPA
Microsoft CEO and Chairman Satya Nadella has highlighted the importance of artificial-intelligence (AI) technologies to support economic development in Saudi Arabia. SPA

Microsoft CEO and Chairman Satya Nadella has highlighted the importance of artificial-intelligence (AI) technologies to support economic development in Saudi Arabia in a speech at the Riyadh event “Artificial Intelligence, A New Era.”

At the event, Nadella met on Wednesday with pioneering local business leaders, government officials, and a leading group of technical developers, reiterating the significant role played by AI in providing new opportunities to enhance the digital economy in the Kingdom, ensuring the improvement of citizens' quality of life in alignment with the objectives of the Kingdom’s Vision 2030.

Nadella said in a statement that the new AI generation will radically transform the level of individuals’ productivity and boost innovation in institutions and business sectors at the global and local levels, including the Kingdom.

Nadella praised Saudi institutions' efforts on the levels of the government and private sector in devoting these technologies to motivate innovation and provide multiple opportunities to strengthen economic development.

During the event, a discussion was held between the Minister of Communications and Information Technology, Eng. Abdullah bin Amer Al-Swaha, and the Microsoft CEO about strategies of employing the latest AI innovations. The discussion aimed to fast-track the Kingdom’s vision for its transformation into a digital society that involves a digital government and a prosperous digital economy and support an innovative future that embraces the interest of everyone without exception.



Lucid Joins 'Made in Saudi' Program

Lucid is the first Original Equipment Manufacturer (OEM) in the automotive sector to receive this distinguished logo - SPA
Lucid is the first Original Equipment Manufacturer (OEM) in the automotive sector to receive this distinguished logo - SPA
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Lucid Joins 'Made in Saudi' Program

Lucid is the first Original Equipment Manufacturer (OEM) in the automotive sector to receive this distinguished logo - SPA
Lucid is the first Original Equipment Manufacturer (OEM) in the automotive sector to receive this distinguished logo - SPA

Lucid Motors, a leading electric vehicle manufacturer, has joined the Made in Saudi program, earning the right to use the "Made in Saudi" logo on its products, a symbol of quality, excellence, and customer trust reflecting the Kingdom's dedication to establishing itself as a global leader in innovative manufacturing.
Lucid is the first Original Equipment Manufacturer (OEM) in the automotive sector to receive this distinguished logo. This feat underscores Lucid's ability to produce world-class electric vehicles with Saudi expertise and highlights its role in advancing the Kingdom's automotive industry.
In a statement, Minister of Industry and Mineral Resources Bandar Alkhorayef emphasized that Lucid's inclusion in the Made in Saudi program as the first car manufacturer to feature the "Made in Saudi" logo signifies the Kingdom's strategic transformation towards establishing a comprehensive ecosystem for the electric vehicle sector.

According to SPA, this aligns with the objectives of the National Industrial Strategy, which focuses on empowering key sectors and attracting high-quality investments in advanced industries.
Alkhorayef emphasized that Saudi Arabia has become a key center for producing electric vehicles, supported by modern infrastructure, attractive incentives, and a skilled workforce. He stressed that the presence of major companies like Lucid bolster the Kingdom's position as a global hub for future industries, boosting local content, non-oil exports, and knowledge transfer.
The ministry is committed to creating an investment environment that supports leading companies and enables them to contribute to industrial transformation and innovation, in line with the Kingdom's vision for a sustainable future driven by modern technologies, he added.
Lucid's inclusion in the Made in Saudi program, overseen by the Saudi Export Development Authority, aligns with the program's goals to enhance the appeal of the Saudi industrial sector, boost local product consumption, drive local and foreign investments, support local companies in expanding globally, increase Saudi non-oil exports, and promote economic sustainability.