Report sheds light on Saudi incentives for new technologies and 4th Industrial Revolution solutions

A recent report revealed five advantages and incentives for Saudi Arabia to implement fourth industrial revolution technologies and solutions, including the presence of digital infrastructure equipped with 5G technology, and financial and Kingdom investment.

The Kingdom inaugurated a dedicated center last year on the sidelines of the first Saudi Forum for the 4th Industrial Revolution, which was held in Riyadh, in a move that reflects the country’s desire to empower this sector.

According to a report released by the Ministry of Industry and Mineral Resources, Saudi Arabia’s advanced digital government is one of the country’s most important features that enable it to implement the techniques of the 4th Industrial Revolution. , in addition to the presence of more than 40 specialists and integrated industrial cities and a young and motivated population.

The report notes that the 4th Industrial Revolution has helped support the location of new and advanced industries within the Kingdom, extend supply chains and improve their flexibility and reliability, in addition to increasing competitive advantage. existing industries.

Saudi Arabia attaches great importance to this revolution through the development of national industry and logistics services within Saudi Vision 2030, which aims to transform the Kingdom into a leading industrial power and a global logistics hub. This objective is achieved by maximizing the value obtained from the mining and energy sectors and by focusing on local content and the 4th industrial revolution to contribute significantly to improving and diversifying the economic impact of the targeted sectors, supporting their growth, achieve leadership and create an attractive environment. investment environment.

Activities at the LEAP conference, held in Riyadh on Tuesday, focused on future technologies, digital transformation and economic diversification in the era of the 4th industrial revolution, as well as the future of sustainable cities. smart and digital.