Day: September 14, 2022

Riyadh– The Saudi Company for Artificial Intelligence (SCAI), a fully owned subsidiary of the Public Investment Fund, has signed an agreement with Lean, a leading provider of innovative healthcare management solutions, to explore the development of AI-powered solutions for the Saudi healthcare sector.
The agreement was signed by Eng. Ayman AlRashed, CEO of SCAI, and Eng. Mohanned AlRasheed, CEO of Lean. Under the terms of the agreement, the two parties will collaborate on taking AI-driven technologies to the next level to deliver innovative healthcare solutions.
“We are pleased to partner with Lean to elevate public health indicators in Saudi Arabia,” said Eng. AlRashed, CEO of SCAI.
“As a leading developer of resilient AI solutions, SCAI seeks to strengthen the role of Big Data in creating smarter, technology-based economic sectors that enhance the quality of living across the Kingdom and directly support the objectives of Vision 2030.”
Eng. AlRasheed, CEO of Lean, stated that the collaboration with SCAI reflects the two companies’ shared commitments to serve the healthcare sector nationwide through sustainable projects and services driven by public-private partnerships.
“Lean actively supports and empowers transformation across the healthcare sector through innovative e-services, data-driven solutions, and improved processes, harnessing the power of AI for improved access to high-quality healthcare,” he commented. “These endeavors are fully aligned with the transformation targets of the Kingdom’s Vision 2030.”
Lean works with various agencies across the healthcare sector to build sustainable business models that guarantee higher-quality services. The Kingdom’s leadership is committed to building a smarter healthcare system that promotes a better quality of living with innovative, reliable data-driven solutions that support the advancement of the healthcare sector and deliver tomorrow’s solutions for today’s health.
SCAI is committed to actively shaping the next generation of AI applications and offering innovative solutions to meet global challenges for a more sustainable future. With far-reaching partnerships and diverse investments, the company serves as a catalyst for Saudi Arabia’s AI ecosystem with the goal of securing the Kingdom’s position as a globally competitive hub for cutting-edge technology.

Source: Saudi Press Agency

Riyadh– Honeywell company has announced the signing of a memorandum of understanding with the Internet of Things Technology Company, the joint venture between the Public Investment Fund (PIF) and the Saudi Telecom Company Group (stc), with the aim of supporting the fields of sustainable cities, logistics platforms and technologies that lead the digital transformation process in the Kingdom.
The memorandum was signed during the 2nd Global AI Summit, which is being organized by the Saudi Data and Artificial Intelligence Authority (SDAIA) at the King Abdulaziz International Conference Center in Riyadh.
The MoU seeks to support the goals related to developing smart cities and the adoption of technology in society in line with the Kingdom’s Vision 2030. It also paves the way for Honeywell in its journey towards developing Internet of Things (IoT) projects in the Kingdom of Saudi Arabia.

Source: Saudi Press Agency

Riyadh– Minister of Industry and Mineral Resources Bandar Ibrahim Al-Khorayef stressed the importance of advanced manufacturing and artificial intelligence in the field of industry and mining as well as their role in supporting and increasing productivity, indicating that advanced manufacturing and artificial intelligence in the fields of industry and mining contribute to improving reliability, enhancing employee safety, and making our industries more sustainable.
This came during his speech at the plenary session held today on the role of advanced manufacturing and artificial intelligence in the field of industry and mining within 2nd Global AI Summit which is organized by the Saudi Data and Artificial Intelligence Authority (SDAIA) at the headquarters of King Abdulaziz International Conference Center in Riyadh during the period September, 13-15.
He disclosed that the Kingdom has more than 10,000 factories, which constitute 11% of the country’s GDP, with an annual growth rate of 10%.
“Advanced manufacturing and artificial intelligence-based technologies are no longer an option, but a reality that cannot be bypassed to ensure growth and profitability. In the past, factories were able to achieve all the benefits of different technologies by simply working with technology providers to prepare new solutions in their facilities,” he said.
With regard to the role of governments in building the ecosystem, the Minister of Industry and Mineral Resources indicated that governments are expected to participate more today in enabling the adoption of these advanced technologies, by providing advanced digital infrastructure and advanced applications.
He also affirmed the Kingdom’s determination to enhance the outcomes of research, development and innovation. In this regard, a new research, development and innovation authority was established to achieve this goal.

Source: Saudi Press Agency

Riyadh– iot squared, owned by the Public Investment Fund and stc Group, signed a memorandum of understanding (MoU) with Matarat Holding Company which aims to enhance joint cooperation in the field of enriching the technical structure and platforms, as well as the applications of the internet of things, AI, and drone technologies.
The MoU was signed by CEO of iotsquared Othman Aldahash and Matarat VP of Digital and Technology Yaagoup AlNujaidi.
Through this memorandum of understanding, “iotsquared” in cooperation with “Matarat” seek to enhance the digital infrastructure of airports by supporting internet of things and AI applications that enhance the operational efficiency of airports in addition to contributing to raising the level of safety for travelers and enriching their experience.

Source: Saudi Press Agency

Riyadh– Saudi-Omani Investment Roundtable discussion was held today, attended by the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, on the sidelines of the visit of the Omani Minister of Commerce, Industry and Investment Promotion Qais bin Mohammed Al-Yousef and his accompanying delegation to the Kingdom, with the participation of government sector officials, and representatives of the private sector and companies from both sides.
During the meeting, Eng. Al-Falih stressed the importance of strengthening and enabling communication between the private sector in the two countries, and the relevant government agencies in all sectors to develop and protect mutual investments, help find solutions to the challenges facing investors, explore viable investment opportunities on a continuous and sustainable basis and remove any obstacles that may limit the growth of intra-regional trade between the Kingdom and Oman.
The minister underlined the distinguished relations between the two countries by supporting mutual investment relations and developing the opportunities available on both sides.

Source: Saudi Press Agency

Riyadh– Minister of Transport and Logistics, Eng. Saleh bin Nasser Al-Jasser, and the President of the Saudi Data and Artificial Intelligence Authority (SDAIA), Dr. Abdullah bin Sharaf Al-Ghamdi, signed here today a memorandum of understanding (MoU) for cooperation in advanced analytics and artificial intelligence applications in the transport and logistics sector.

The MoU was signed on the sidelines of the second edition of the Global AI Summit, held at the King Abdulaziz International Conference Center in Riyadh from 13-15 September.

The memorandum aims to expand the use and employment of data and artificial intelligence in the transport and logistics sector by developing the uses of advanced analytics and artificial intelligence algorithms in several areas that include multimodal transport modeling and forecasting future demand, improving mobility and service efficiency and enhancing the integration of transportation and supply chain patterns, in addition to behavioral and demographic studies of users of transport patterns.

Source: Saudi Press Agency