Advanced technology will not impact Saudi employment: Saudi minister

Advanced technology will not impact Saudi employment: Saudi minister
Saudi nationals will not be affected by any replacement of humans by advanced technology. (File/AFP)
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Updated 11 January 2021

Advanced technology will not impact Saudi employment: Saudi minister

Advanced technology will not impact Saudi employment: Saudi minister

Bandar Alkhorayef, Minister of Industry and Mineral Resources, said that any replacement of humans by advanced technology, including artificial intelligence, will be at the expense of only expat workers across the Kingdom.

Saudi nationals will not be affected by this, he further added.

Many industrial firms across the Kingdom are ready to list their shares in the stock market. The key challenge in the industrial sector is the continuous need for finance, Alkhorayef said on the sidelines of a forum with the chairman of the Capital Market Authority (CMA).

Stock market listings provide and facilitates financing, the minister concluded.

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