Saudi Vision 2030 transformation dubbed ‘one of the biggest opportunities in the world right now’

Panel discussion with unicorn speakers Phalgun Kompalli, Mudassir Shaikha, Chip Paucek and moderator Supreet Manchanda. (Supplied)
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Updated 08 February 2023
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Saudi Vision 2030 transformation dubbed ‘one of the biggest opportunities in the world right now’

  • Careem CEO Mudassir Sheikha tells LEAP bringing “the right talent into the market” can solve existing service and other problems
  • Global CEO of Tech Mahindra Chander Prakash Gurnani says “India’s 1.4 billion population will benefit” if Saudi Arabia becomes a tech role model

 RIYADH: While the digitalization of an economy is key to its technological advancement, it is also a way to ease daily life and provide jobs and opportunities for the young population.

As explored in several sessions at this year’s LEAP conference, this holds particularly true for Saudi Arabia as part of its Vision 2030 reform agenda.

According to the Saudi General Authority for Statistics, 36.7 percent of the Kingdom’s population is aged between 15 and 34. Due to an acceleration of the digital economy’s growth in the Kingdom, more than 1 million jobs are expected to be created by 2025, with a focus on technology and innovation.

“The transformation that is happening on the back of Vision 2030 is probably one of the biggest opportunities in the world right now,” said Mudassir Sheikha, CEO of Careem, during a panel themed Deep Dive: Unicorns of the World.

“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 pace of change is incredible, and we know that when such change is generated at the macro level, it creates opportunity.”

In the second quarter of 2022, the unemployment rate for Saudi Arabia fell to 9.7 percent, fueled by government reforms directed at the labor market, according to data provided by GASTAT.

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. The employment-to-population ratio of Saudis also grew by the same amount, reaching 46.8 percent compared to the previous year, according to the GASTAT report.

Environmental and digital security are among the fastest growing fields in Saudi Arabia, according to data released on LinkedIn in January 2023.

Still, as Sheikha underlined, there are still many issues related to services and relevant providers that need to be solved. “This provides additional opportunities for the Saudi workforce,” he added. “There are many problems that still need to be solved. How do you solve those problems? You need to bring the right talent into the market.”

There is no shortage of human capital and talent in the Saudi market, he added. “With hard work and the right tools great things can happen. From my perspective, there’s probably no better place to be right now than in Saudi today,” he said.

FASTFACTS

• Saudi Arabia ranked 2nd in G20 digital competitiveness in the 2021 Digital Riser Report by the European Center for Digital Competitiveness.

• The Kingdom has attracted more than $9 billion in investment in future technologies.

• OECD estimates that 1.1 billion jobs will be radically transformed by technology.

The phrase “digital economy” reflects how the technological revolution is transforming value chains in exponential, revolutionary ways — endowing new opportunities for markets worldwide to generate social and economic change.

“There is a worldwide need for reskilling and upskilling. The OECD estimates that over the next decade 1.1 billion jobs will be radically transformed by technology,” said Chip Paucek, co-founder and CEO of 2U, Inc., a leading US provider of software for universities.

“What is happening right now with AI is a good example of this and we are excited about what is happening here in the Kingdom.”

A panel on the main stage of LEAP, titled “Roadmap to Building a ‘DigitALL’ Economy in the Kingdom & Solving the Talent Conundrum,” included a conversation with Chander Prakash Gurnani, global CEO of Tech Mahindra, and British journalist Adam Boulton, with the talks examining how Saudi Arabia is building an inclusive economy through rapid advancements and investment in technology.

“India’s 1.4 billion population will benefit from the Kingdom becoming a role model in technology,” said Gurnani. “The Kingdom is one of our major focus countries. It’s a beautiful opportunity for us to participate and be part of the growth. When you work backwards, you need people, processes, technology and more importantly, an ecosystem of both products and technology.”

The Kingdom has attracted more than $9 billion in investment in future technologies, including by US giants Microsoft and Oracle, which are building cloud regions in Saudi Arabia, Saudi Minister of Communication and Information Technology Abdullah Al-Swaha told Reuters during LEAP on Monday.

Al-Swaha added that China’s Huawei will also invest $400 million in cloud infrastructure for its services in the Kingdom, as well as create another cloud region in partnership with Saudi Aramco.

The Kingdom has also encouraged the use of AI to achieve Vision 2030 and Smart Government Strategy objectives. The plan is expected to result in the Kingdom’s AI market growing to $135.2 billion by 2030, which is estimated to contribute 12.4 percent to gross domestic product.

As most panelists stressed during the sessions at LEAP, while investment in tech is paramount to advancement in technology and economic growth, what is key is training the younger, eager Saudi labor force and readying them with education and opportunities for the fourth industrial revolution, with the Kingdom increasingly looking to be a center of the new technological age.
 


Saudi Interior Ministry confirms ban on transferring or publishing security surveillance camera recordings

Updated 06 January 2025
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Saudi Interior Ministry confirms ban on transferring or publishing security surveillance camera recordings

  • Anyone who violates the rule will be punished with a fine of SR20,000 ($5,327), interior ministry says

RIYADH: Saudi Arabia’s Interior Ministry confirmed that the provisions of the “Use of Security Surveillance Cameras” law prohibit the transfer or publication of security surveillance camera recordings.

Security surveillance camera recordings can only be transferred or published with the approval of the ministry or the Presidency of State Security, based on a judicial order, or at the request of an investigating authority.

The ministry explained that anyone who violates this rule will be punished with a fine of SR20,000 ($5,327).

This includes anyone who transfers or publishes recordings in violation of the law or damages or vandalizes security surveillance camera systems or recordings.


Saudi artist breaks from signature style with ‘W’ard’ exhibition

Updated 06 January 2025
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Saudi artist breaks from signature style with ‘W’ard’ exhibition

  • Dammam collection running until Jan. 10 features sculpture, video and imagery

DHAHRAN: Visitors are immersing themselves in a vibrant celebration of art as Hussain Alismail unveils his compelling solo exhibition, “W’ard,” at the SASCA Art Gallery in Dammam, Saudi Arabia.

Launched on Dec. 30 last year and running until Jan. 10, the exhibition is a captivating journey through the artist’s evolving vision.

‘Wa’rd’ series by Hussain Alismail showcases a rich blend of experimentation with different materials, colors and artistic techniques. (Supplied)

In the “W’ard” series, Alismail breaks free from his signature style, which often features bold continuous-line drawings in striking shades of black and red.

Instead, the collection showcases a rich blend of experimentation with different materials, colors and artistic techniques.

HIGHLIGHTS

• Primarily focused on drawing and painting, Hussain Alismail’s artworks delve into the intricate complexities of Saudi social dynamics.

• His works are a way to spark everyday conversations, encouraging viewers to think about the small details of human relationships and expressions.

Visitors can expect to encounter an array of fascinating works, from collages that fuse imagery, mixed media pieces with texture, three-dimensional sculptures, to dynamic video installations that spark imagination.

Hussain Alismail creates a new piece while visitors watch at his W’ard exhibition in Dammam. (Supplied)

At the heart of Alismail’s work lies the symbol of the rose, a timeless emblem of unity that surpasses differences, inviting connection among visitors.

He said: “For this exhibition, I selected flowers to represent the unity among Saudis from different regions, reflecting the shared appreciation for Talal Maddah’s songs that gained popularity in the late 1950s and resonated with both youth and older generations.”

This cultural reference runs throughout the exhibition, highlighting the themes in Alismail’s artwork.

For this exhibition, I selected flowers to represent the unity among Saudis from different regions, reflecting the shared appreciation for Talal Maddah’s songs that gained popularity in the late 1950s and resonated with both youth and older generations.

Hussain Alismail, Saudi artist

Through his collection, Alismail creates an artistic experience that celebrates unity in the diversity of humanity.

“I see my artwork as a reflection of who I am, but once it’s out in the world, it belongs to everyone to interpret and connect with however they choose,” he told Arab News.

Alismail is not only a gifted artist, but also a committed scholar, having recently relocated to Melbourne, Australia, to pursue a master’s degree in design innovation and technology at RMIT.

His time in academia, which he describes as research-focused, has significantly influenced his art. “I’ve found these skills super useful for my art in this exhibition and they’ll definitely play a bigger role in my upcoming projects.”

Alismail holds a bachelor’s degree in fine arts in drawing and painting from OCAD University in Toronto, Canada, as well as a bachelor’s degree in creative arts in visual effects and entertainment design from Flinders University in Adelaide, Australia.

His academic background enriches his creative practice, fueling his artistic exploration.

Primarily focused on drawing and painting, Alismail delves into the intricate complexities of Saudi social dynamics.

His works are a way to spark everyday conversations, encouraging viewers to think about the small details of human relationships and expressions.

Beyond canvas and paper, Alismail’s artistic skills include photography, videography and digital graphics, allowing him to create stories that invite exploration.

“Medium serves as a platform for discovery. I constantly challenge myself to go deeper into techniques and artistic presentations,” he said.

For the exhibition, Alismail embraced a variety of innovative mediums. “I played around with 3D design, 3D printing, AI generative imagery and various other hands-on mediums,” he said.

Additionally, he aims to create a vibrant experience, expressing his desire that viewers feel “joyful and leave with a smile on their face.”

Inspired by cultural stories around him, Alismail combines personal and community tales in his art, enhancing the diverse narratives he shares.

With an eye toward revitalizing cultural connections, his work fosters an enriched understanding of our shared human experiences.

“What my audience has seen from me before is different from what I’m creating now, and I know it’ll have even more depth down the line.”

 


Two substations opened by Diriyah Company and Saudi Electricity Company in Riyadh

Updated 06 January 2025
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Two substations opened by Diriyah Company and Saudi Electricity Company in Riyadh

  • The larger substation will support the first phase of Diriyah’s development and will be implemented through Saudi Services for Electro Mechanic Works

RIYADH: Two major electrical substations were launched at the Diriyah megaproject in Riyadh on Monday.

The substations will be operated by the Saudi Electricity Company and will speed up the development of projects in the historical area of Diriyah as well as nearby Wadi Safar.

“Today is very special to us,” Jerry Inzerillo, group CEO of Diriyah Company, told Arab News, before underlining the importance of developing infrastructure to be able to complete projects in time for Riyadh Expo 2030.

Jerry Inzerillo, Group CEO of Diriyah Company, and the CEO of Saudi Electricity Company, Khalid Alghamdi during the launch of the two substations. (Supplied)

Inzerillo further elaborated on how the project requires sustainable development because it will be serving a large number of people.

The housing project “will cater to 100,000 people who will live, work, recreate, and pray with us every day,” the CEO said. “So, you need all-new, smart-city technology that the Kingdom is leading on.”

The larger substation will support the first phase of Diriyah’s development and will be implemented through Saudi Services for Electro Mechanic Works.

HIGHLIGHT

The two substations were designed in line with Diriyah’s traditional Najdi architectural style to preserve the area’s cultural identity.

The second substation, developed by the Saudi Electricity Company through Maetel contracting company, will be one of the main power sources for Wadi Safar.

This will result in a combination of the area’s natural beauty with modern infrastructure, including hospitality assets and sports facilities such as the Royal Diriyah Equestrian and Polo Club, and Wadi Safar golf course.

Also at the event, the acting CEO of SEC, Khalid Al-Ghamdi, expressed his excitement for this significant event and milestone.

“The completion of the bulk substation and the primary substation marks a new era for Diriyah, one that combines advanced infrastructure with our shared vision of creating a sustainable, world-class city,” Al-Ghamdi said.

“We are honored to work with Diriyah Company to bring power solutions that are both reliable and in harmony with Diriyah’s architectural heritage,” he added.

Diriyah is one of Saudi Arabia’s main megaprojects, supported by the Public Investment Fund. The project will eventually have homes for 100,000 people and is aiming to host millions of visits per year by 2030.

The Diriyah project alone contributes $18.6 billion directly to Saudi Arabia’s GDP and will create 178,000 job opportunities, according to the Diriyah Company.

The two substations were designed in line with Diriyah’s traditional Najdi architectural style to preserve the area’s cultural identity.

While the city is a major part of Saudi Arabia’s Vision 2030, it also has historical importance because Diryiah is the birthplace of the Kingdom of Saudi Arabia.

 


Saudi aid agency KSrelief sends humanitarian aid to Syria by road and air

Updated 06 January 2025
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Saudi aid agency KSrelief sends humanitarian aid to Syria by road and air

  • 60 agency trucks deliver food, shelter materials and medical supplies to meet needs of the Syrian people
  • Six planes carrying aid from the Kingdom arrive at Damascus International Airport

RIYADH: Sixty trucks carrying relief supplies from Saudi Arabia crossed the Nasib Border Crossing into Syria on Monday, as part of a humanitarian effort organized by Saudi aid agency KSrelief.

The trucks contained essential supplies including food, shelter materials and medical supplies, the Saudi Press Agency reported.

Also on Monday, six planes planes carrying aid from the Kingdom arrived at Damascus International Airport.

Jordanian authorities said 600 trucks filled with aid have entered Syria through the Jordanian-Syrian Free Zone since the collapse of President Bashar Assad’s regime on Dec. 8. The director general of the zone, Irfan Khasawneh, told the Jordan News Agency that the flow of goods has remained consistent since then.

The shipments are addressing the needs of the Syrian people for essential items such as food supplies, energy equipment and spare parts for machinery, he added.

Trade is flowing smoothly, with transactions completed promptly and without delays, Khasawneh said, and staff at the zone are ready to handle larger volumes of trucks and goods in the days ahead.


Anti-extremism group Etidal helps Telegram remove 160m items of extremist content in 3 years

Updated 06 January 2025
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Anti-extremism group Etidal helps Telegram remove 160m items of extremist content in 3 years

  • Riyadh-based organization says the collaboration has had a significant effect in curbing the spread of extremist propaganda and recruitment efforts
  • Platform thanks Etidal, says partnership has been instrumental in efforts to identify and remove harmful content

RIYADH: The Global Center for Combating Extremist Ideology, also known as Etidal, said on Monday that more than 31 million items of extremist content were removed from messaging service Telegram during the final quarter of 2024.

This brought the total number of such items removed from the platform since the start of their partnership in 2021 to more than 160 million, it added.

Etidal, which is based in Riyadh, said international cooperation is important in efforts to address extremist ideologies and counter the global threat posed by terrorist organizations, and that the collaboration with Telegram has had a significant effect in curbing the spread of extremist propaganda and recruitment efforts.

The platform said it has intensified its efforts to combat extremism since 2022 and expressed its appreciation for the partnership with Etidal, saying it has proved to be instrumental in efforts to identify and remove harmful content.

“There is no place for incitement to violence or terrorist propaganda on Telegram,” it added.

Etidal said it uses advanced technologies to help monitor and analyze extremist content, and detect the deceptive propaganda and tactics used by terrorist organizations in an attempt to evade content removal. It added that its efforts form part of Saudi Arabia’s broader strategy to help safeguard societies through an integrated approach, including targeted media campaigns to raise awareness of the dangers of extremism.

In addition to its partnership with Telegram, Etidal has established strategic collaborations with other international organizations. In 2021, for example, it signed a memorandum of understanding with the UN Counter-Terrorism Center.