Fourth Industrial Revolution center to open in Riyadh

Saudi Culture Minister Prince Badr bin Abdullah greets WEF founder Klaus Schwab in Riyadh on Wednesday. (SPA)
Updated 09 November 2019

Fourth Industrial Revolution center to open in Riyadh

  • Kingdom signs agreement with head of World Economic Forum to drive development of 21st-century technology

RIYADH: Saudi Arabia signed an agreement with the World Economic Forum (WEF) on Wednesday to establish a branch in the Kingdom of the WEF’s Centre for the Fourth Industrial Revolution.

The center, the fifth in the world, places Saudi Arabia in the global Fourth Industrial Revolution network with countries such as the US, India, China and Japan.

The deal was signed by Mohammed Al-Tuwaijri, the Saudi Minister of Economy and Planning, and the WEF founder and executive chairman Klaus Schwab. The Saudi center will be managed by King Abdul Aziz City for Science and Technology in Riyadh, in cooperation with WEF. 

 The center, the fifth in the world, places KSA in the global Fourth Industrial Revolution network with countries such as the US, India, China and Japan.

Schwab created the Fourth Industrial Revolution concept in 2015, to encompass technologies that combine hardware, software and biology, such as artificial intelligence (AI), and advances in communication and connectivity.

 “To use the technologies of the Fourth Industrial Revolution such as AI and blockchain, and many others, for driving economic development and social progress, we need global cooperation,” he told Arab News on Wednesday.

“On the eve of its G20 presidency, we welcome the Kingdom of Saudi Arabia … to shape those technologies in a way that serves society.”


King Salman urges Iran to junk its expansionist ideology

Updated 55 min 1 sec ago

King Salman urges Iran to junk its expansionist ideology

  • Saudi Arabia has suffered from the policies and practices of the Iranian regime and its proxies, king says
  • Kingdom also welcomed US decision to return Iran's Fordow nuclear facility to its sanctions list

RIYADH: Iran should abandon its expansionist ideology that has only “harmed” its own people, Saudi Arabia's King Salman said on Wednesday, following violent street protests in the Islamic republic.

A wave of demonstrations erupted in the sanctions-hit country on Friday after an announcement that petrol prices would be raised by as much as 200 percent with immediate effect.

“We hope the Iranian regime chooses the side of wisdom and realizes there is no way to overcome the international position that rejects its practices, without abandoning its expansionist and destructive thinking that has harmed its own people,” the king told the consultative Shoura Council.

“The kingdom has suffered from the policies and practices of the Iranian regime and its proxies,” King Salman said, quoted by the foreign ministry, reiterating that Riyadh does not seek war but is “ready to defend its people.”

A satellite image from Sept. 15, 2017, of the Fordow nuclear facility in Iran. (Google Earth)

Saudi Arabia has welcomed Washington's decision to return the Fordow nuclear facility in Iran to the sanctions list. 

Washington said on Monday that it will no longer waive sanctions related to Iran’s Fordow nuclear plant after Tehran resumed uranium enrichment at the underground site. 

“The right amount of uranium enrichment for the world’s largest state sponsor of terror is zero ... There is no legitimate reason for Iran to resume enrichment at this previously clandestine site,” US Secretary of State Mike Pompeo told reporters earlier this week.