The Kingdom of Saudi Arabia is at the crossover of an economic transformation driven by innovations and technology advancement in artificial intelligence. As the Kingdom continues to diversify or shift from its previous oil dependency, AI offers a significant opportunity to create jobs, bolster productivity, and enhance overall economic output and gross domestic product growth. By 2030, AI is estimated to contribute 12 percent to Saudi Arabia’s GDP, highlighting the nation’s commitment to leveraging AI for sustainable economic development.
The Kingdom’s Vision 2030 framework focuses on reducing the nation’s reliance on oil through fostering technology-led industries with cutting-edge innovations. AI is vital and plays a significant role in this transition, especially by enhancing productivity in various sectors and facilitating the creation of a knowledge-based economy.
