Saudi Arabia

The 2nd Edition of the Financial Sector Conference (FSC 2023) organized by the Financial Sector Development Program partners )Ministry of Finance, ...

More than a dozen funds and services worth $2.8bn launched as the kingdom moves to improve its appeal to the tech sector.

[more than $9 billion in investment](https://www.thenationalnews.com/business/economy/2023/02/06/saudi-arabia-announces-investments-of-more-than-9bn-to-boost-digital-transformation/) announced in Saudi Arabia's technology sector on the opening day of Leap, including plans to set up cloud and data centres from global companies Microsoft, Oracle, Huawei and Zoom. “We want to share the future of the digital economy to make Saudi Arabia a global launch pad for start-ups and a technology hub,” NTDP chief executive Ibrahim Neyaz said at Leap. Its $150 million Venture Debt service provides venture financing while the $81 million Relocate service offers incentives to start-ups to convince them to relocate to the kingdom. [growth of start-ups](https://www.thenationalnews.com/business/start-ups/2023/01/21/saudi-arabias-start-ups-record-72-increase-in-funding-to-987m-in-2022-magnitt-says/) in the Arab world's biggest economy, Emon Shakoor, founder and chief executive of Blossom Accelerator, said at the [Leap technology exhibition in Riyadh](https://www.thenationalnews.com/business/economy/2023/02/06/saudi-arabia-announces-investments-of-more-than-9bn-to-boost-digital-transformation/) on Tuesday. [Saudi technology](https://www.thenationalnews.com/gulf-news/2022/07/21/how-saudi-arabia-is-investing-in-research-and-development-to-diversify-its-economy/) venture capital fund STV announced that it had received an additional $150 million in funding as it aims to contribute to making the kingdom a global leader in technology. Saudi Arabia's Impact46 is contributing $133 million to fund Mena start-ups in the early to initial public offering stages, while Bim Ventures will provide $100 million for financially sustainable start-ups from creation to growth.

Tech companies in the U.S. are investing billions of dollars in the kingdom's efforts to move beyond its oil economy by unlocking access to data.

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“Today's announcement reflects Microsoft's long-standing commitment to Saudi Arabia and its ambitions for digital transformation,” said Thamer Alharbi, ...

A Jeddah region opened in 2020, and the company aims to locate another region in the new [Neom city](https://www.datacenterdynamics.com/en/news/oracle-to-launch-cloud-region-in-saudia-arabias-neom-city/). Its Abu Dhabi region, launched at the same time as Dubai, has since been de-listed and may have been converted into a [reserved access zone](https://www.datacenterdynamics.com/en/news/microsoft-adds-availability-zones-to-south-africa-and-south-korea-azure-regions/). “The data center will also provide huge opportunities for startups and small and medium enterprises looking to enhance their competitiveness and leverage the advancements of the Fourth Industrial Revolution to develop innovative solutions.” “This important step is consistent with the steps taken by the Kingdom to accelerate its digital transformation and strengthen its position as an innovation hub,” said vice minister of Communications and Information Technology, Eng. “Today’s announcement reflects Microsoft’s long-standing commitment to Saudi Arabia and its ambitions for digital transformation,” said Thamer Alharbi, president of Microsoft Arabia. Details around location, specifications, or timelines were not shared, but Microsoft said the new cloud region will offer ‘enterprise-grade reliability and performance combined with customer privacy, data residency, and high-speed latency standards in Saudi Arabia.’

Microsoft is announcing this intention to deliver new investments in local infrastructure in response to growing customer demand for cloud services and data ...

The arrival of Microsoft’s cloud region in Saudi Arabia will play a significant role in driving economic growth. “This new datacenter region will provide organizations, enterprises, and developers in the Kingdom and around the world with access to scalable, highly available, and resilient cloud services while addressing their data residency, security, privacy, and compliance needs. This supports the Kingdom’s Vision 2030 goal of strengthening the role of the communications and information technology sector in creating a digital society, digital government, a thriving digital economy, and an innovative future for the Kingdom.”

With the launch of the LEAP Tech 2023 conference - the largest global gathering for technology and digitization developments – on Monday in Riyadh, ...

He also pointed to global and local investments of $4.5 billion in various fields. During a keynote speech at the event, Eng. With the launch of the LEAP Tech 2023 conference - the largest global gathering for technology and digitization developments – on Monday in Riyadh, Saudi Arabia unveiled investments exceeding $9 billion to support future technologies and emerging companies in the Kingdom.

By Chris Wack. Cloud-computing and server company Rackspace Technology Inc. said Tuesday that it signed a memorandum of understanding with Saudi Data and AI ...

Cloud-computing and server company Rackspace Technology Inc. Write to Chris Wack at [email protected] By Chris Wack

To quickly meet the requirements of its growing cloud business in Saudi Arabia, Oracle will also expand the capacity of the Oracle Cloud Jeddah Region. “In the ...

Microsoft will launch a new cloud data center region in the Kingdom of Saudi Arabia (KSA).

[PYMNTS Data: Why Consumers Are Trying Digital Wallets](https://www.pymnts.com/study/new-payment-options-digital-wallets-consumer-finance/) 7), Microsoft said it is investing in infrastructure in the country “in response to growing customer demand for cloud services and data residency in Saudi Arabia from global enterprises, local businesses, and civilian public sector organizations.” In a

Conventional biological wastewater treatment plants use microorganisms in the form of small, suspended aggregates referred to as bio-flocs to break down and ...

“Al Miyah is an example of a technology being used to solve this very real problem for Saudi Arabia – and even for the world. “With these advantages, the technology aligns well with the Kingdom's ambition to achieve 70% water reuse by 2030.” “The AGS–GDM wastewater treatment approach results in a decentralized wastewater treatment unit that can treat 150 m3 of wastewater, producing clean water that serves about 1000-2000 persons,” Professor Saikaly said. Their technology uses an aerobic granular sludge (AGS) process to enrich the microorganisms to form large, suspended aggregates, or bio-granules, that can more efficiently and easily be separated and removed from the treated water in a single tank, producing water of reliable quality while achieving a significant reduction in space footprint and savings in operational and capital costs compared to systems based on bio-flocs. The wastewater generated from these households is collected and transported to centralized wastewater treatment plants by trucks, which is costly and contributes to many issues like traffic congestion, pollution and greenhouse gas emissions. Conventional biological wastewater treatment plants use microorganisms in the form of small, suspended aggregates referred to as bio-flocs to break down and remove pollutants such as ammonium and phosphate in the wastewater.

JEDDAH: The King Abdullah University of Science and Technology has completed its innovative mobile plant project for wastewater treatment, after five years ...

• It can reduce energy demand by 50 percent, and produce treated water of similar or even better quality than that produced by conventional biological treatment processes. • The mobile plant treats wastewater and converts it efficiently into reusable water for areas that are not connected to the central sewage network. The technology is the first of its kind in the Kingdom, as it treats wastewater and converts it efficiently into reusable water for areas that are not connected to the central sewage network.

An anonymous reader quotes a report from Gizmodo: The country of Saudi Arabia has scrounged up several billion dollars in investments from major tech ...

According to [Reuters](https://www.reuters.com/technology/saudi-arabia-says-tech-giants-invest-more-than-9-bln-kingdom-2023-02-06/), the Saudi Minister of Communication and Information Technology Abdullah Alswaha discussed the investments at [LEAP](https://www.onegiantleap.com/en/home.html), an international technology conference that began today in Riyadh, the country's capital city. "That pivot is already underway as Tonomus, a subsidiary of Saudi Arabia's own architecture, engineering, and sustainability amalgamation called NEOM made a $1 billion investment in artificial intelligence and the metaverse." Alswaha is tempting these companies with government contracts, and while details are scant, it's likely that Saudi Arabia is giving them prime real estate for a low cost to build their cloud computing centers in Riyadh. One of the three areas of Neom that has been officially announced and underway is will enhance the kingdom of Saudi Arabia's position as the largest digital market in the Middle East and North Africa," Alswaha said at LEAP, as quoted by Reuters. "The investments are a part of Saudi Arabia's planned pivot away from oil and toward tech, which the country is calling Vision 2030," adds Gizmodo.

Saudi Minister of Communication and Information Technology Abdullah Alswaha said Microsoft will invest $2.1 billion in a global super-scaler cloud, while Oracle ...

giants Microsoft and Oracle Corp, which are building cloud regions in the kingdom, a government minister said on Monday, "The investments... Saudi Minister of Communication and Information Technology Abdullah Alswaha said Microsoft will invest $2.1 billion in a global super-scaler cloud, while Oracle has committed $1.5 billion to build a new cloud region in Riyadh.

The agreement aims at encouraging the nationalization of the Internet content at the Data centers through the Saudi Arabia Internet Exchange's initiative as ...

To support these objectives, Saudi Arabia's leadership has prioritized the creation of an attractive investment environment in line with the National ...

In doing so, the strategy will drive economic diversification, create meaningful employment opportunities for citizens, and encourage skills and training development among the youth to advance a sustainable industrial sector. "Technologies related to the Fourth Industrial Revolution, in particular, support Vision 2030 objectives by increasing productivity while reducing costs, waste and carbon emissions, thereby advancing sustainability goals while improving the quality of goods and products. To support these objectives, Saudi Arabia’s leadership has prioritized the creation of an attractive investment environment in line with the National Industrial Strategy and Vision 2030 to enhance the sector, drive innovation and support its growth.

Speaking during the African Mining Conference in Cape Town, South Africa, Khalid Al-Mudayfer, the Saudi deputy minister for mining affairs, said the value of ...

The program focuses on two tracks. He stated that the “Future Factories Package” aims to transform 4,000 factories into operationally and technologically advanced facilities to raise digital maturity, operating efficiency and industrial capabilities, thereby promoting the development of exports, improving the work environment in factories, and providing attractive quality jobs by adopting the technologies of the 4IR. RIYADH: Saudi Arabia plans to increase the number of factories by 50 percent in the next five years and pump SR1.4 trillion ($370 billion) into the industrial sector, said the deputy minister of industry and mineral resources.

सऊदी अरब जल्द ही भारत को सबसे तेजी से बढ़ती अर्थव्यवस्था के रूप में पीछे छोड़ देगा.

नवंबर में, विश्व बैंक ने खुलासा किया कि 20 देशों के समूह में सऊदी अरब सबसे तेजी से बढ़ने वाला देश है. भारत सरकार ने यह अनुमान 1 फरवरी को पेश होने वाले केंद्रीय बजट के सामने रखा है. India Vs Saudi Arbia Economy: सऊदी अरब जल्द ही भारत को सबसे तेजी से बढ़ती अर्थव्यवस्था के रूप में पीछे छोड़ देगा.

Saudi Arabia's King Salman Humanitarian Aid and Relief Center (KSRelief) has officially launched its aid program to provide on the ground support and aid.

[For all the latest headlines follow our Google News channel online or via the app.](https://news.google.com/publications/CAAqBwgKMOnQlwswi_quAw?oc=3&ceid=US:en&hl=en-US&gl=US) [relief](https://english.alarabiya.net/News/middle-east/2023/02/08/Two-UAE-relief-planes-arrive-in-earthquake-hit-Syria) to those affected. [World News](/News/world) [Middle East](/News/middle-east) [directed KSrelief to operate an air bridge](https://english.alarabiya.net/News/middle-east/2023/02/07/Saudi-King-Crown-Prince-order-air-bridge-to-deliver-aid-to-Syria-Turkey) to provide aid to the victims of the 7.8-magnitude earthquake. [the major earthquake](https://english.alarabiya.net/News/middle-east/2023/02/08/Turkey-Syria-earthquake-deaths-rise-to-over-8-300-as-rescuers-look-for-survivors) that hit the two countries, Supervisor General Dr.

The United Arab Emirates on Tuesday pledged $100 million to Syria and Türkiye, one of the largest sums yet following a massive earthquake that has killed...

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Saudi Arabia on Tuesday ordered an air bridge to deliver aid to Syria and Turkey, joining other Arab countries in offering assistance to earthquake rescue ...

RIYADH: Saudi Arabia's King Salman and Crown Prince Mohammed bin Salman on Tuesday directed the King Salman Humanitarian Aid and Relief Center to operate an ...

The Kingdom has also encouraged the use of AI to achieve Vision 2030 and Smart Government Strategy objectives. It is reflected by the participation rate of Saudis in the labor market, which grew by 1.7 percentage points to reach 51.8 percent. “India’s 1.4 billion population will benefit from the Kingdom becoming a role model in technology,” said Gurnani. “There is a worldwide need for reskilling and upskilling. According to the Saudi General Authority for Statistics, 36.7 percent of the Kingdom’s population is aged between 15 and 34. “I have been coming here for 15 years now and over the last five years you can see the change each month on the ground.

The WHO also lauded the Kingdom's rapid provision of aid, in terms of providing supplies and sending emergency medical teams.

The United Arab Emirates on Tuesday pledged $100 million to Syria and Turkey, one of the largest sums yet following a massive earthquake that has killed ...

In March last year, Assad made a visit to the UAE -- his first to an Arab state in more than a decade of brutal civil war. The oil-rich UAE -- which had already pledged some $13.6 million to Syria -- is spearheading regional relief efforts, having dispatched planes to both countries with relief items and rescue teams following the 7.8-magnitude quake that struck early Monday. The United Arab Emirates on Tuesday pledged $100 million to Syria and Turkey, one of the largest sums yet following a massive earthquake that has killed thousands.

Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The ministers reviewed the latest regional and ...

The ministers reviewed a number of reports on the regional and international conferences that Saudi Arabia hosted over the past week. The cabinet underlined the unique ties that bind Saudi Arabia and Iraq. The ministers reviewed the latest regional and international developments.

In a keynote speech in Riyadh, IRU's Secretary General has highlighted the importance of transit and trade facilitation in driving Saudi Arabia's economic ...

“It is no coincidence that leading logistics operators are now using TIR in their day-to-day operations across Saudi borders. IRU will continue to provide the expertise needed to help Saudi Arabia make trade more efficient and secure across its borders. “ZATCA’s exemplary application of the TIR system will undoubtedly play a key role in making supply chains more resilient across the region.

The academy, which will offer the “largest talent development programme of its kind in the Middle East”, aims to train more than 30,000 Saudis, issue 35,000 ...

“We continue to empower small and medium enterprises and partner with thousands of Saudi companies. we are among the 10 fastest-growing countries in digital content and commerce,” he said. [first metaverse academy in Saudi Arabia at Leap](https://www.thenationalnews.com/business/technology/2023/02/07/meta-launches-the-mena-regions-first-metaverse-academy-in-saudi-arabia/), as the Facebook parent aims to accelerate the development of the emerging technology. [the Middle East's most technologically advanced warehouse](https://www.thenationalnews.com/business/future/2021/11/28/amazon-picks-abu-dhabi-for-most-cutting-edge-fulfilment-centre-in-the-middle-east/) and also opened a [major warehouse in Abu Dhabi](https://www.thenationalnews.com/business/technology/2022/06/23/amazons-largest-delivery-station-in-abu-dhabi-opens-ahead-of-prime-day/). [Saudi Arabia](https://www.thenationalnews.com/business/property/2023/02/07/saudi-arabia-short-term-rent-market/) as it seeks to support the kingdom's human capital programme for the digital economy. [Leap technology exhibition in Riyadh ](https://www.thenationalnews.com/business/economy/2023/02/07/saudi-arabia-announces-billions-more-in-funding-to-support-start-ups/)on Wednesday.

Kojo Boakye, vice president of public policy for Meta in Africa, the Middle East, and Turkiye, told Arab News: “We have announced the launch of the first ...

“We believe that this region and the builders here will affect the global spread and broad adoption of the metaverse, and that’s what we are aiming for.” The plan is to have one programmer for every 100 citizens. RIYADH: Meta has announced the launch of the first metaverse academy in the Middle East and North Africa region, in partnership with Tuwaiq Academy and Simplon, a French digital skills provider, at the second edition of LEAP in Riyadh.

Tech Mahindra has signed a Memorandum of Understanding (MoU) with the Ministry of Communication and Information Technology (MCIT), Saudi Arabia to est.

“Adoption of Cloud, Data and AI will play a major role in Saudi Arabia IT and Digital Growth. Data & AI and Cloud CoE by Tech Mahindra will enable accelerated and sustainable adoption of Data Analytics & Ethical AI. Our partnership with MCIT to establish the CoE will help in addressing the fast-changing digital transformation needs of Saudi Arabia.

Saudi Arab Man: अबू अब्दुल्ला ने अपनी शादी के किस्से सुनाते हुए कहा कि 53 शादी में सबसे कम समय ...

उन्होंने अपनी बात को आगे बढ़ाते हुए कहा कि मैं विदेशों में 3 से 4 महीनों के लिए रहता था, इसलिए मैंने खुद को बुराई से बचाने के लिए शादी की. सऊदी अरब के 63 साल के बुजुर्ग अबू अब्दुल्ला ने कहा कि पत्नियों से उनकी कई मुद्दों पर बात हुई, जिससे उन्हें कई बार शादी करने के लिए खुद को मानसिक रूप से तैयार करना पड़ा. अपनी कहानी सुनाते हुए अबू अब्दुल्ला ने कहा कि मैंने पहली बार शादी 20 साल की उम्र में की थी.

Data & AI and Cloud CoE would combine academic and socio-economic goals to build national high-tech talent capacity, create high quality jobs, promote digital ...

Gurnani, MD and CEO, Tech Mahindra. The CoE is also expected to enable quick and sustainable adoption of Data Analytics & Ethical AI. Tech Mahindra has signed a memorandum of understanding (MoU) with the Ministry of Communication and Information Technology (MCIT), Saudi Arabia, to establish a Data & AI and a Cloud Centre of Excellence (CoE) in Riyadh.

Saudi Arabia's LEAP23 has seen major investments in the Kingdom from world-leading tech companies Saudi Arabia announces $580m of investment deals at LEAP23 ...

Zoho, a leading IT, software development, and cloud computing company, outlined plans to expand its presence in the Kingdom with new office openings and the establishment of a cloud area for its services. Unity, the global games development platform, also announced the establishment of its first regional academy and a centre for developing electronic games, in partnership with the MCIT, to create and foster technical talents. The announcements include the launch of a major new data centre and two dedicated academies to develop the technical skills of homegrown talent, and provide them with the tools of the future.

With the launch of the LEAP Tech 2023 conference - the largest global gathering for technology and digitization developments – on Monday in Riyadh, ...

He also pointed to global and local investments of $4.5 billion in various fields. During a keynote speech at the event, Eng. With the launch of the LEAP Tech 2023 conference - the largest global gathering for technology and digitization developments – on Monday in Riyadh, Saudi Arabia unveiled investments exceeding $9 billion to support future technologies and emerging companies in the Kingdom.