JEDDAH: A major multinational company plans to set up an institute it believes will help achieve the Vision 2030 goals of the Kingdom, a local publication reported on Thursday.

Abdullah Al-Swaha, managing director of Saudi Cisco, said in Riyadh Wednesday that the new Cisco Security Institute would be aimed at localizing knowledge. He was speaking at the two-day Cisco Connect conference that ended Thursday.

Al-Swaha, said in his opening speech that the first phase of the partnership between Cisco and Saudi Arabia started in the late 1990s, which helped to promote communication and information technology worlds.

“We established 90 academies that graduated more than 65,000 students to bridge the gap in the lack of human resources in the technology sector, which resulted in Cisco being chosen as the knowledge partner for the [scholarship] program of Custodian of the Two Holy Mosques King Salman, which saw more than 200 promising leaders graduating in the field of information technology.”

The Cisco Connect 2016 conference was launched on Wednesday entitled “The Digital Transformation in the Kingdom,” attended by Sulaiman Mirdad, deputy governor of the Communications and Information Technology Commission, the publication reported.

The participants discussed cyber security, the Internet of Things and Internet of Everything, and how it would impact on Vision 2030, the plan announced by the government on April 25 that would develop the country’s non-oil sector. This includes the harnessing of information technology to boost businesses.

Chris White, senior vice president of the Internet of Things and Internet of Everything at Cisco, said: “We honestly believe that the Saudi market is one of the most important, not only in the region, but also worldwide. We always seek to create new opportunities and investments in this market to reach the aspired goals of the digital transformation the Kingdom will witness in line with the future Saudi Vision 2030 launched by Deputy Crown Prince Mohammad bin Salman.”

“Citizens and residents can now perform personal and other transactions such as banking procedures via smartphones and renewing passports in less than five minutes, issuing commercial licenses in less than three minutes, as well as other needs and procedures,” he said.

He said that solutions for the medical sector could see mistakes reduced by about 90 percent, and with visits to clinics reduced by half. He said the energy sector would likely see the creation of green and renewable solutions.