Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state

Special Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
1 / 14
The festivities began at the birthplace of the Kingdom, and the first ruling base of the Al-Saud family, the UNESCO World Heritage site of At-Turaif. (DGDA)
Special Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
2 / 14
(DGDA)
Special Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
3 / 14
(DGDA)
Special Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
4 / 14
(DGDA)
Special Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
5 / 14
(DGDA)
Special Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
6 / 14
(DGDA)
Special Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
7 / 14
(AN photo by Abdulah AlJaber)
Special Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
8 / 14
(DGDA)
Special Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
9 / 14
(DGDA)
Special Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
10 / 14
(DGDA)
Special Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
11 / 14
(DGDA)
Special Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
12 / 14
(AN photo by Abdulah AlJaber)
Special Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
13 / 14
(AN photo by Abdulah AlJaber)
Special Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
14 / 14
(AN photo by Abdulah AlJaber)
Short Url
Updated 30 November 2022

Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state

Diriyah’s At-Turaif and Bujairi Terrace set to bring to life the birthplace of the modern Saudi state
  • Opening season of the two developments will include a vibrant public program of events, performances, and activities for all visitors
  • Visitors to UNESCO World Heritage site At-Turaif will get a chance to savor Bujairi Terrace’s eagerly awaited culinary district

RIYADH: The first phase of an aspirational project conceived five years ago, with the aim of showcasing the history of the birthplace of the Kingdom of Saudi Arabia, has come to fruition according to plan.

Diriyah Gate Development Authority’s At-Turaif and Bujairi Terrace developments were officially unveiled on Monday at a gala event during the World Travel and Tourism Council’s Global Summit.

Delegates from around the globe, Saudi public figures and DGDA staff joined together to witness a momentous development as Diriyah opened its doors to the international community.




Saudi Tourism Minister Ahmed Al-Khateeb inaugurates the historic At- Turaif and Bujairi neighborhoods with a dramatic ceremony witnessed by guests from around the world. (DGDA)

“Tonight is a very historic night,” Jerry Inzerillo, the CEO of DGDA, told Arab News. “We are celebrating two big milestones.

“For the first time in the history of the Gulf, the Kingdom is welcoming the World Travel and Tourism Council, all the ministers of tourism, CEOs of hotel companies, CEOs of airline companies — it’s 5,000 people coming to the Kingdom to see what’s going to be one of the great tourism countries in the world.”

Inzerillo described what it means to him, personally, to see the fruit of the labor of his team in Diriyah on display before the eyes of the world.

“It makes my heart pound because the thing that I am most proud about is that we are 1,600 staff now: 85 percent Saudi, 36 percent Saudi superstar women, 16 percent of which are in management, and 14 percent of our staff is from Diriyah. My heart and soul are my team and that’s the thing that I am most proud about,” Inzerillo said.

Prudence Solomon Inzerillo, Inzerillo’s wife, said: “I think the changes are profound and I think the whole devotion and commitment to celebrating culture, heritage, history art … I think it’s such an incredible gift, it’s really important.

“I think that everyone should appreciate the history and the culture that you have. It’s so rich and diverse and I think that it is a real privilege and a pleasure to be here to witness the changes that have happened over the last four-plus years that we’ve been here and it’s extraordinary.”

The festivities began at the birthplace of the Kingdom, and the first ruling base of the Al-Saud family, the UNESCO World Heritage site of At-Turaif. In front of Salwa Palace, a 10,000 square meter complex the original parts of which were built by Mohammed ibn Saud, the first ruler of the First Saudi State, tour guides stood waiting to show visitors around the site, moving along walkways once trodden by early Saudi rulers.




“Tonight is a very historic night,” Jerry Inzerillo, the CEO of DGDA, told Arab News. (DGDA)

Every handmade mud brick in the ancient buildings of At-Turaif has a story to tell, every wall holds the secrets of power struggles, and every corner conceals a tale of hospitality and unity.

The visitors from around the world saw not only the modernity and luxury of the present-day Kingdom but were able to take a step back in time as they watched live performances of traditional ardah dance and walked narrow pathways that paint an atmospheric picture of the Kingdom’s past.

The guests at this private event that marked the official opening of Bujairi and At-Turaif represented a diverse assemblage of visitors from numerous countries

Guadalupe Galvan Hernandez, for example, was visiting from Mexico City to attend the World Travel and Tourism Council summit.

“This is my first time in Saudi Arabia,” she told Arab News. “I have seen many things. Diriyah is amazing; it is all history. When we arrived we saw so many structures and it’s a blend of modernity and traditions.

FASTFACTS

• At-Turaif and Bujairi Terrace will open their doors to the public on Dec. 4. 

• The Global Summit of the World Travel and Tourism Council is taking place for the first time in Saudi Arabia.

• At-Turaif will offer 75-minute guided walking tours in both Arabic and English that will take visitors through the original seal of power of the Al-Saudi family.

“The people are very kind, they are very nice people. Sometimes when you come from a country like Mexico it’s hard to understand some things and it makes you fear, somehow, the way you will be treated and they (the Saudis) were really, really kind and nice people.”

Following the tours of At-Turaif and the performances there, the guests made their way to the gates of Bujairi Terrace, where Inzerillo and Saudi Minister of Tourism Ahmed Al-Khateeb gave inaugural speeches. Inzerillo began by praising the Saudi leadership.

“I want to praise and give thanks to our dynamic prime minister, our Crown Prince Mohammed bin Salman, who has been instrumental in every single detail of the Vision 2030 master plan for Diriyah,” he said.

“And thanks to his support we are one of the giga projects that tonight — on this historic night, in the birthplace of the Kingdom, the birthplace of the Arabian Peninsula, the ancestral house of Al-Saud — we open assets of 2030 in 2022.”




Diriyah Gate Development Authority’s At-Turaif and Bujairi Terrace developments were officially unveiled on Monday. (DGDA)

Al-Khateeb said: “Today we are celebrating the opening of phase one, (which is) just 1 to 2 percent of the total project, and we thank you for being with us today.

“This is a testimony and proof that Saudi Arabia started its planning and now we are in the execution phase and you will see an opening in all of the giga projects every year. Diriyah is a good example, with the opening of Bujairi Terrace.”

Many DGDA employees could not hide their emotions as the doors of Buajiri Terrace opened to welcome the world.

Among the guests at the inauguration was Helena Zakade Inzerillo, the teenage daughter of the DGDA CEO. In 2019, at the age of 12, she spoke to Arab News during King Salman’s inauguration of the Diriyah Gate project and told how proud she was of her father and his mission to transform the city “with his heart and soul.”

Three years later, she was delighted to be at Bujairi Terrace to see her father’s passion and ambitions come to life.

“When I first came four years ago and saw Diriyah I was absolutely in shock,” she said. “I mean, this is an absolutely beautiful place that nobody really knew about outside of the Kingdom.

“I really believe that people should be seeing this place, people should know about this place and the significance of it.

“To see it come to this, to see the success, to see so many people come from around the world, and to see people’s perspectives completely change upon arriving in Saudi Arabia, and seeing the hospitality of the people here and seeing the significance of our country here, it means so much to me.”




Diriyah has long been renowned for its hospitality and generosity, its strength and its power — now it opens its gates to the world. (DGDA)

Helena said she truly believes in her father’s mission to spread to the world the message and meaning of Diriyah and its importance to the Kingdom.

“This means so much to me, to my family as a whole,” she added. “We have seen the process over the past four years, the amount of hard work, the tireless hours of my dad’s work for the past four years here in Saudi.

“And we have seen the transformation of Riyadh, of Diriyah, and the passion of the place that my dad has spread and how much he loves this place.”

The scent of bukhour filled the air and the sounds of ardha music echoed through Wadi Hanifah as history and modernity merged in the form of the many luxury dining experiences. Following a gala dinner in Bujairi Terrace, a light show illuminated the pathways and walls of At-Turaif.

The laser and firework display lit up the Najdi architecture of Salwa Palace, and the sky above it, with the words “The city of the earth,” “Only one Diriyah,” and simply “Diriyah.”

“As a 2030 giga project, we are already opening assets in 2022,” Inzerillo said. “So Turaif, all redone; Bujairi district, 20 new restaurants and after tonight we will take a few days and open to the public in a few days; 2 km of the Wadi Hanifah; new sales centers; welcome centers; community centers. So 2030 is now 2022.”




Visitors to the World Travel and Tourism Council Global Summit enjoy a taste of traditional Saudi hospitality in the Kingdom’s birthplace. (DGDA)

At-Turaif and Bujairi Terrace will officially open to the public on Dec. 4, and Inzerello outlined what is next in store.

“After tonight we are going to open up a lot of assets,” he said. “We have the first hotels under construction that will open next year, the first museums that will open next year, we have already planted 6 million trees on our way to 50 million trees, plants and bushes.

“Every year now we will open assets, we will ground-break assets and we will announce assets every year until 2030.”

Diriyah has long been renowned for its hospitality and generosity, its strength and its power — now it opens its gates to the world to give visitors a taste of the past and a glimpse of the future.


Tech giants from around the world take center-stage at Saudi Arabia’s LEAP conference 

Tech giants from around the world take center-stage at Saudi Arabia’s LEAP conference 
Updated 06 February 2023

Tech giants from around the world take center-stage at Saudi Arabia’s LEAP conference 

Tech giants from around the world take center-stage at Saudi Arabia’s LEAP conference 
  • Second edition of the event, being held over Feb. 6-9, to have more than 700 leaders in technology and tech investment in attendance
  • LEAP’s inaugural conference broke the record for largest tech event ever held, with this year looking to be even larger

RIYADH: More than 700 leading experts in technology investment from 50 countries are set to speak during the second edition of the LEAP technology conference, which will take place at Riyadh Front Expo Center from Monday to Thursday.

The conference is organized by the Ministry of Communications and Information Technology, the Saudi Federation for Cybersecurity, Programming and Drones, and UAE-based IT services and consulting firm Tahaluf.

It aims to spark discussions on artificial intelligence, the digital transformation and advancements in the field of technical and innovative entrepreneurship through immersive learning, storytelling sessions and lectures.

LEAP will shed light on artificial intelligence, digital transformation and advances in the field of technical and innovative entrepreneurship. (Supplied)

“The first edition of LEAP was surprisingly more than I expected from a debut event. I am excited to see how this edition will make an even greater impact on our industry and the creative economy,” Sujoy Cherian, group CEO of Option 1 Events, an event technology and content company, told Arab News.

“Besides speaking on the panel for future live events, I am honored with the opportunity for a solo session to share my insight on some of the latest in tech for hybrid events and content creation,” he added.

Cherian, a creative technologist and serial entrepreneur, is just one of the hundreds of speakers from more than 400 global and local technology companies speaking at the event.

HIGHLIGHTS

Executives from Saudi Aramco, NEOM, Microsoft, Oracle, Huawei, Zoom, Ericsson and Hewlett Packard Enterprise are among the roster of speakers.

International tech figures include G.V. Ravishankar, managing partner of Sequoia Capital India; Tim Ringel, an investor and advisory board member at Adit Ventures; and William Bao Bean, general partner of venture capital firm SOSV.

Former world boxing champion Anthony Joshua, astronaut Susan Kilrain and West Ham United Football Club vice-chairman Karren Brady to also speak at LEAP.

Executives from leading firms such as Saudi Aramco, NEOM, Microsoft, Oracle, Huawei, Zoom, Ericsson and Hewlett Packard Enterprise are set to deliver speeches during the conference.

Some of the world’s leading tech figures will take to the Investor Stage, including G.V. Ravishankar, the managing partner of Sequoia Capital India, Tim Ringel, an investor and advisory board member at Adit Ventures, and William Bao Bean, general partner of venture capital firm SOSV.

The tech conference will be held in Riyadh. (Supplied/LEAP)

Former world boxing champion Anthony Joshua, astronaut Susan Kilrain and West Ham United Football Club vice-chairman Karren Brady will also speak at the conference.

Some of the talks set to take place at LEAP will shed light on the creative economy, education, retail, the Fourth Industrial Revolution, future energy, smart cities, and health tech.

One of the companies that will discuss the creative economy during one of the many orbital talks is Sparkup, a real-time engagement platform for live streams and hybrid events. “Our experience combines virtual audience technology and interactive live streaming to offer attendees a front-row seat on an event and allow them to react in real-time,” Vincent Bruneau, founder and CEO of Sparkup, told Arab News.

The company is working toward scaling and integrating its real-time engagement platform, bringing the concept into different environments. “It’s quite exciting because virtual and hybrid events are becoming very popular, people are now used to it and it forces you to innovate, to level up your game and imagine what should the next experience be like,” Bruneau said.

The investors’ platform is expected to witness multiple investment deals with global tech industries.

 


The changing landscape of the Saudi design industry

The initiative aims to encourage up-and-coming designers to highlight the role of design in resolving global issues. (Supplied)
The initiative aims to encourage up-and-coming designers to highlight the role of design in resolving global issues. (Supplied)
Updated 05 February 2023

The changing landscape of the Saudi design industry

The initiative aims to encourage up-and-coming designers to highlight the role of design in resolving global issues. (Supplied)
  • Designathon competition encourages designers to consider modern challenges

RIYADH: The first Designathon competition was recently held in Riyadh, gathering 500 designers and specialists to solve key issues facing the design industry, including social impact, health and sustainability.

Organized by the Architecture and Design Commission on Feb. 2-3, it brought together local creators to compete for awards collectively worth more than SR500,000 ($133,000).

Sumayah Al-Solaiman, CEO of the commission, said: “It is the designer’s role to really advocate for not just themselves but also society and the planet. We made sure that we have that responsibility reflected within the three tracks.”

CEO of the Architecture and Design Commission, Dr. Sumayah Al-Solaiman, at the opening remarks of Desginathon's first edition launch in Riyadh. The competition brings together 500 global participants in search of solutions to wellbeing, social impact, and sustainability design challenges from Feb. 2-4. (Supplied)

Coming in first place in the wellness track was team “Sabeel,” followed by team “Mumtir” in second place, and team “Khutwah bi Khutwah” in third.

The sustainability design track’s winning teams were “Wasm” in first place, “Table Mo1” in second place, and team “Waste No More” in third place.

HIGHLIGHTS

• Coming in first place in the wellness track was team ‘Sabeel,’ followed by team ‘Mumtir’ in second place, and team ‘Khutwah bi Khutwah’ in third.

• The sustainability design track’s winning teams were ‘Wasm’ in first place, ‘Table Mo1’ in second place, and team ‘Waste No More’ in third place.

• Finally, the social impact track awarded first place to team ‘Dreams,’ second to ‘Rans Team,’ and the third winning spot to ‘Hayyak.’

Finally, the social impact track awarded first place to team “Dreams,” second to “Rans Team,” and the third winning spot to “Hayyak.”

The initiative aims to encourage up-and-coming designers to consider real-life modern design challenges that truly impact community members, create awareness around participatory design concepts, and highlight the role of design in resolving global issues. Participatory design is a cooperative method that looks at solutions that involve all stakeholders, with a focus on the procedure of design rather than the style itself.

“This time, we will be learning from everything that happens. We want to use that design methodology and hear from all the participants (regarding) their experience…and how we can improve it for next editions,” Al-Solaiman explained.

One of the participants, Huda Al-Qahtani, is a senior architecture student at Prince Sultan University who is interested in the art behind design and its role in enhancing the microclimate.

“I actually was interested in the well-being track and the social impact track. For well-being here in Saudi specifically, we don’t have any chances for walkability or cycling. It’s very hard, whether you’re considering the width of the streets or the climate,” she told Arab News.

Al-Qahtani expressed her excitement at the new initiatives that cater to the growth of the local design scene. “I feel very proud. Now I’m seeing more opportunities in Saudi than...abroad,” she said. “It’s (expanding) very fast, which makes me relieved…Even the architecture here in Saudi is gaining its identity back.”

Raghad Fathaddin, one of the sustainability track mentors, told Arab News: “What (the Designathon) is telling us all as citizens of this nation is that there (are) new ways of thinking, and that’s what we’re calling upon in order to achieve the Saudi Vision 2030 and sustainable development goals.

“I’m very impressed by the ideas I’m hearing…Our nation shouldn’t be underestimated. I’m excited for our future.”

Al-Solaiman noted the possibility of expanding on the three tracks in the future, increasing the number of participants, or even venturing into a different city.

The Designathon is one of 33 initiatives undertaken by the commission, most of which look at enhancing education and job opportunities, incentivizing the design sector, highlighting the economic value of design and content development, and fostering community engagement and support.

 


Saudi FM meets Omani counterpart in Muscat

Saudi FM meets Omani counterpart in Muscat
Updated 05 February 2023

Saudi FM meets Omani counterpart in Muscat

Saudi FM meets Omani counterpart in Muscat
  • Prince Faisal travels to Oman after talks in Kuwait

RIYADH: Saudi Foreign Affairs Minister Prince Faisal bin Farhan arrived in Muscat on Sunday.

He was met at Muscat International Airport by his Omani counterpart, Sayyid Badr Al-Busaidi, and the Kingdom’s Ambassador to Oman Abdullah Al-Enaz.

Earlier on Sunday, Prince Faisal met Kuwait’s Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah at Bayan Palace in Kuwait City.
 


Bollywood singer Kumar Sanu delights fans in Jeddah

Kumar Sanu was the star of the show for the two-day music festival at the Equestrian Club in Jeddah. (Supplied)
Kumar Sanu was the star of the show for the two-day music festival at the Equestrian Club in Jeddah. (Supplied)
Updated 05 February 2023

Bollywood singer Kumar Sanu delights fans in Jeddah

Kumar Sanu was the star of the show for the two-day music festival at the Equestrian Club in Jeddah. (Supplied)
  • Making his first ever appearance in the Kingdom, Sanu thrilled the audience of mostly Indian expats, serving up renditions of more than 20 songs

JEDDAH: Bollywood singer Kumar Sanu wowed the crowds on Friday night as the latest celebration of Indian culture drew to a close.

Sanu was the star of the show for the two-day music festival at the Equestrian Club in Jeddah’s Al-Frosyah district, which was organized by Good Hope Events in cooperation with the General Entertainment Authority.

Making his first ever appearance in the Kingdom, Sanu thrilled the audience of mostly Indian expats, serving up renditions of more than 20 songs.

“I have been waiting to perform in Saudi Arabia and here we are in Jeddah for the first time,” he told his adoring fans from the stage.

“We have a great crowd and I am happy to see you enjoying the night.”

Also on the bill were Rachna Chopra, Biplab and Afsal, who helped ramp up the crowds with a host of Bollywood numbers.

“I am amazed by the energy that flowed from you guys,” Chopra told the crowd.

Fan Nadia Azmi, who went to the gig with friends, said: “We all are privileged to have Sanu among us in Jeddah today. We all have grown up listening to his songs since the ’80s and ’90s.

“It is wonderful to listen to him live today. I want to thank Saudi Arabia and the organizers for their efforts in making this possible.”

Junaise Babu, chairman of Good Hope Events, said the festival had been a huge success.

“It was a great feeling to see so many men, women, young and old, not only Indian expatriates but also other Asians enjoying the various musicians we brought.”

Amrina Qaiser, who introduced Sanu on stage, said: “It was an amazing experience hosting such a mega event in Jeddah for the first time.

“I felt overwhelmed and I was lucky enough to interact with the king of melody from Bollywood, Kumar Sanu.”

 


LEAP conference set to showcase Saudi Arabia’s tech and entrepreneurial ambitions

LEAP conference set to showcase Saudi Arabia’s tech and entrepreneurial ambitions
Updated 06 February 2023

LEAP conference set to showcase Saudi Arabia’s tech and entrepreneurial ambitions

LEAP conference set to showcase Saudi Arabia’s tech and entrepreneurial ambitions
  • Over 100,000 innovators, investors and experts from around the world descending on Riyadh for four-day event 
  • LEAP will be co-located with DeepFest, an AI event organized by Saudi Authority for Data and Artificial Intelligence

RIYADH: Artificial intelligence, digital economy, and digital metaverses may be terms the average technology aficionado expects to hear at a conference in Seoul or Silicon Valley. This week, however, all things tech will be the talk of the town in the Saudi capital, Riyadh.

From Feb. 6 to 9, over 100,000 tech innovators and leading experts will gather for the second LEAP conference, a global platform for tech professionals from around the world.

Held alongside LEAP will be DeepFest, the inaugural AI event powered by the Saudi Authority for Data and Artificial Intelligence. Both events demonstrate the Kingdom’s aim to take its place among the world’s most technologically advanced nations.

The Kingdom is projected to spend over $24 billion on various technologies by 2025 — the highest in the world, according to the Saudi Press Agency.

Investing in data literacy training for public sector employees ensures that data is being used effectively. (Supplied)

At last year’s LEAP conference, Saudi Minister of Communications and Information Technology Abdullah Al-Swaha announced that the country would be investing $6.4 billion in future technologies and entrepreneurship to further solidify the Kingdom’s position as the Middle East and North Africa region’s largest digital economy.

The growth of the Saudi tech industry, in line with the goals of Saudi Vision 2030, is a way for the Kingdom to diversify its economy away from oil and gas revenues.

According to a 2022 Economist Intelligence report, Saudi Arabia was the world’s fastest-growing major economy in 2022, “outperforming the dynamic Asian giants of China, India, Indonesia and South Korea, as well as the struggling G7 and other major emerging economies.”

LEAP broke records last year when its inaugural conference became the world’s largest tech event ever held. This year looks to be just as big, if not bigger, than last, with top professionals in the tech industry traveling to Riyadh from across the world.

“Saudi Arabia’s recent investments in its digital economy, as well as its information and communications technology sector, helped consolidate its position as the leading information and communication technology market in the Middle East and North Africa,” Imad Abuizz, digital and technology platform Llader at the business management consultant firm PwC Middle East, told Arab News.

Since the announcement of Saudi Vision 2030 seven years ago, the Kingdom has launched a series of initiatives that emphasize technology as a tool for social and economic reform.

Strategic agendas under Vision 2030 focus on regenerating the country’s digital infrastructure to boost economic growth, knowledge and enhance daily life. To this end, Saudi Arabia has committed to an annual investment of 2.5 percent of GDP in the sectors of development, research and innovation by 2040.

The Kingdom’s technological plans are supported by SDAIA, which was launched by royal decree in August 2019.

The same year, the Saudi government launched Absher, a smartphone application which enables citizens and residents of Saudi Arabia to access a variety of government services.

“Government spending demonstrates a big focus on digitalization,” Fadi Komati, a digital government consulting leader at PwC Middle East, told Arab News. “Why the sector is moving so quickly is because the majority of the population is young and eager to move forward and advance in cutting-edge technologies.

“The government’s digital transformation and continued investment in Information and Communication Technology (ICT) and innovation lay the groundwork for a lot of opportunities, both for the private and public sector.”

Komati underlines how government investment in tech is “encouraging the private sector to become more mature, thus also stimulating and incentivising international companies to visit and open in Saudi Arabia.”

“The increased progress in the private tech sector within Saudi Arabia is a result of government investment in the sector,” he said.

In the same vein, Saudi tech entrepreneur Hussein Attar, CEO at private investment firm Tech Invest Com, told Arab News: “In terms of Saudi Arabia, all the giga projects being launched, such as NEOM, have placed a strong focus on technological innovation. Every giga project has a funding side that is investing in tech. Saudi Aramco also has its own investment fund for technology.”

At last year’s LEAP conference, Saudi Aramco unveiled a billion dollars’ worth of investments in developing start-ups through entrepreneurship support fund Prosperity 7 Ventures. NEOM Tech & Digital Holding Co. stated it was investing $1 billion in future technologies and launching the new M3LD AI engine as well as the XVRS digital twin metaverse.

Technological investment in Saudi Arabia is also paramount to the country’s environmental goals. In October 2022, at the sixth edition of the Future Investment Initiative, Aramco unveiled a $1.5 billion sustainability fund, one of the world’s largest sustainability-focused venture capital funds.

Recent data demonstrates the rise of Saudi Arabia as a growing global center, both regionally and internationally, in both the private and public sectors. According to the 2022 Saudi Arabia Venture Capital Report produced by Magnitt, the Kingdom was one of the emerging markets that recorded year on year growth nearing the $1 billion mark.

Saudi Arabia’s tech evolution is a way for the country to connect with the wider region and the world. AI, which was a recent focus at this year’s World Economic Forum in Davos, Switzerland, is paramount to the Kingdom’s growth in the field of tech.

In September 2022, the Saudi Public Investment Fund’s Saudi Company for Artificial Intelligence announced an investment of $776 million in a joint venture with China’s SenseTime to develop the AI ecosystem in Saudi Arabia.

A scene from LEAP 2022. (File photo Supplied)

“The Kingdom’s advanced technological infrastructure, high-caliber developments in the field of AI, and high standards designed by government authorities encourage AI businesses to plug in and grow in a regionally leading market,” Dr. Turki Almugaiteeb, a Saudi expert in technological development and innovation, told Arab News.

Saudi Arabia has also signed a number of partnerships with global AI providers to find practical solutions to everyday problems, Komati said, adding: “AI is very high on the agenda in Saudi Arabia because it is considered a mechanism by which technology can provide much bigger benefits.”

Technological investment and the Kingdom’s numerous avenues being explored for technological growth and innovation are also about education and offering a better life for its citizens, residents, and all visitors to Saudi Arabia.

In the words of Almugaiteeb, the key ingredients in Saudi Arabia’s rise to tech giant status are “the great human resources being developed in the Kingdom, combined with educated young Saudis in the field, many of whom have gained experience abroad.”