Saudi Aramco Review 2019

Saudi tech investments to hit $135bn by 2030

Saudi Emerging Technologies Forum is a mega event that will gather over 500 senior level executives, more than 50 speakers and 12 panel discussions with the participation of 900 attendees, 60 exhibitors, 12 Certified Technical Workshops

 

AI is going to be a big game changer in the global economy, and much of the value potential is up for grabs. A PwC 2018 report estimated that AI could contribute up to $15.7 trillion to the global economy in 2030, more than the current output of China and India combined. Of this, $6.6 trillion is likely to come from increased productivity and $9.1 trillion is likely to come from benefits to consumers.

The annual growth in the contribution of AI is expected to range between 20-34 per cent per year across the Middle East, with the fastest growth in the Saudi Arabia, UAE, and Egypt. To meet the demand for having a global platform gathering world class technology experts, the Saudi Emerging Technologies Forum will take place from 11-13 of November 2019 in Kempinski Hotel in Riyadh to be the first conference in the Kingdom to address the deployment of emerging technologies and the 2030 plan for digital transformation plans that will power cities and economies of the 4th Industrial Revolution.

The forum is a mega event that will gather over 500 government officials and senior level executives, more than 50 speakers, leading 12 panel discussions with the participation of 900 attendees, 60 exhibitors, 12 Certified Technical Workshops, 30 Proof of Concepts & Live Demo Sessions, and a dedicated focus day for IIOT. Furthermore, 10 Pioneers in innovation will be celebrated with Awards of Excellence in recognition of their efforts on digitisation.

PwC’s report estimated that the Middle East is expected to accrue 2 per cent of the total global benefits of AI in 2030. This is equivalent to $320 billion where the largest gains are expected to accrue to Saudi Arabia as AI is expected to contribute over $135.2 billion in 2030 to the economy, equivalent to 12.4 per cent of GDP. In relative terms the UAE is expected to see the largest impact of close to 14 per cent of 2030 GDP. AI contribution in Egypt is expected to reach $42.7 billion in 2030, equivalent to 7.7 per cent of the Egyptian GDP.

The $135b investment plan in digital transformation set by Vision 2030 will transform the Kingdom of Saudi Arabia into the global epicenter of the Fourth Industrial Revolution and supercharge the Saudi economy as global powerhouse in the digital age. As the 4th largest economy in the world with $684b GDP in 2018, the Kingdom of Saudi Arabia is currently diversifying the economy by achieving digital transformation across public and private sectors in order to create a vibrant society, a thriving economy and an ambitious nation.

The forum will be chaired by Eng. Majed Alshodari, CISO at the ACIG group, and the forum will feature 10 exclusive certified workshops on the latest applications of IoT, IIoT, AI implementation for 2030 vision, Data science, Cyber security, Enterprise Architecture, Cloudification, Blockchain for government services, AR/VR, RPA implementation, Deep learning (DL), Machine learning (ML) and Coding 4.0.

The Forum will host a group of world class speakers and industry leaders from National Digitisation Unit, Ministry of Labor and Social Development, Ministry of Finance, Ministry of Health, Ministry of Environment, Water & Agriculture, Monshaat, Capital Market Authority, The Islamic Military Counter Terrorism Coalition, King Abdulaziz University, Saudi Aramco and others, to be the first platform of its kind in Saudi Arabia in terms of the diversification and inclusiveness of all domains of future technologies.

Exclusively at the event, Dr. Khaled Abusalem, Chairman of UAV & Robotics Standards Committee in Saudi Aramco will be presenting about the Fourth Industrial Revolution Centre in Dahran, the first centre of its kind in the world inaugurated in March 2019, which will help the company’s operational performance to enable greater efficiencies and significant cost savings, and help further strengthen Aramco’s global leadership in the oil and gas industry.

Saudi Emerging Technologies Forum will be the largest R&D and investment technology event in region and will showcase the most disruptive technologies set to power cities and economies of the 4th Industrial Revolution. Gathering government entities, C-suite executives from the private sector as well as the top tech players, the conference will exclusively unveil the latest applications of IoT, IIoT, AI, Data science, Cyber security, Cloudification and Blockchain.




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