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Saudi Arabia’s Monsha’at Partners with X to Support Digital Transformation

General Authority for Small and Medium Enterprises (Monsha’at) logo
General Authority for Small and Medium Enterprises (Monsha’at) logo
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Saudi Arabia’s Monsha’at Partners with X to Support Digital Transformation

General Authority for Small and Medium Enterprises (Monsha’at) logo
General Authority for Small and Medium Enterprises (Monsha’at) logo

Saudi Arabia’s General Authority for Small and Medium Enterprises (Monsha’at) collaborated with X Development company during the Biban 24 forum to provide specialized training programs and innovative digital transformation solutions.
Representatives from Monsha’at and X signed the agreement, underscoring their commitment to advancing the digital business environment and empowering Small and Medium Enterprises (SMEs) to achieve their objectives under Vision 2030.
Through this partnership, Monsha’at aims to equip entrepreneurs and SMEs with essential digital skills and knowledge to enhance their market competitiveness and adapt to rapid changes in the business landscape.
The agreement facilitates SME access to cutting-edge technology solutions, boosting their ability to stay competitive and preparing them to meet evolving business challenges. It also establishes an innovative entrepreneurial ecosystem that supports digital transformation and offers comprehensive training opportunities for entrepreneurs. These programs combine practical training with technical support, promoting sustainable growth for the SME sector.

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Elon Musk in Riyadh: Robotics and AI Drive Saudi-US Strategic Partnership

Tesla, SpaceX, and xAI CEO Elon Musk and Saudi Minister of Communications and Information Technology Abdullah Alswaha speak at the Saudi-US Investment Forum in Riyadh on Tuesday. (SPA)
Tesla, SpaceX, and xAI CEO Elon Musk and Saudi Minister of Communications and Information Technology Abdullah Alswaha speak at the Saudi-US Investment Forum in Riyadh on Tuesday. (SPA)
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Elon Musk in Riyadh: Robotics and AI Drive Saudi-US Strategic Partnership

Tesla, SpaceX, and xAI CEO Elon Musk and Saudi Minister of Communications and Information Technology Abdullah Alswaha speak at the Saudi-US Investment Forum in Riyadh on Tuesday. (SPA)
Tesla, SpaceX, and xAI CEO Elon Musk and Saudi Minister of Communications and Information Technology Abdullah Alswaha speak at the Saudi-US Investment Forum in Riyadh on Tuesday. (SPA)

Tesla, SpaceX, and xAI CEO Elon Musk and Saudi Minister of Communications and Information Technology Abdullah Alswaha took part on Tuesday in a high-profile dialogue session during the Saudi-US Investment Forum in Riyadh. The event underscored the strategic partnership between Saudi Arabia and the United States.

Alswaha said relationship between the two nations has entered a new phase, moving from an energy-based economy to one driven by innovation, technology, and artificial intelligence (AI), praising Musk's influence in advancing global technological transformation.

The minister stressed that under the leadership of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, Saudi Arabia has aimed to adopt transformative technologies, such as AI and robotics, positioning the Kingdom as a global innovation platform and a major hub for AI and the digital economy.

He also highlighted the Kingdom’s progress in enabling cloud services, digital infrastructure, and AI value chains, saying these efforts reflect Saudi Arabia’s ambition to lead in the post-data era. He underlined the Kingdom’s goal of becoming a hub for responsible and effective AI innovation.

The strategic partnership between Saudi Arabia and the United States is a foundation for building a smarter, more just, and sustainable global economy, he stressed, while underscoring the need for continued collaboration to drive innovation for the benefit of humanity.

For his part, Musk said humanoid robots represent a productivity revolution that could expand the global economy tenfold. This could lead to an economy of abundance and a model of “comprehensive high income” that goes beyond the traditional universal basic income concept.

He thanked Saudi Arabia for adopting the Starlink service in the aviation and maritime sectors, describing it as a significant step toward supporting the future of global communications technology.

He discussed potential cooperation in smart mobility, including RoboTaxi projects and The Boring Company’s tunnel transportation systems for Saudi cities. Such technologies, he said, could transform urban areas and improve transit efficiency.

Musk closed the session with an optimistic outlook for humanity, urging a model of progress that blends prosperity, exploration, and coexistence with advanced technology. He called for international cooperation to establish ethical frameworks for AI and emerging technologies.