Saudi Press

Saudi Arabia and the world
Tuesday, Sep 17, 2024

From AI Privacy to Real Estate and Geoparks: Major Developments from Riyadh's Global AI Summit and Vision 2030 Initiatives

Apple reaffirms privacy commitment at Global AI Summit; Saudi initiatives align with Vision 2030's economic diversification.
At the third Global AI Summit in Riyadh, Apple’s global senior director of privacy, Gary Davis, reiterated the company's unwavering commitment to user privacy, emphasizing privacy is embedded in Apple's products by design. This announcement aligned with Apple's support for global data privacy laws and their strict privacy standards even with AI integration.

Staying in Riyadh, BlackRock is set to enhance Saudi real estate and asset management under Vision 2030. The company has recently signed a memorandum with the Saudi Real Estate Refinance Co. (SRC) to boost the Kingdom's real estate finance sector, aiming for increased homeownership and mortgage-focused strategies by 2030.

Meanwhile, Saudi Aramco is forming strategic alliances with China's Rongsheng Petrochemical Co. and Hengli Group Co. during Premier Li Qiang's visit to the Kingdom. These agreements target energy security and development, including expanding the Jubail Refinery and potential joint ventures with Hengli.

Speaking of growth, Saudi Arabia's Ministry of Industry and Mineral Resources issued 37,730 certificates of origin in August, continuing their push to boost non-oil exports. This effort, driven by Vision 2030, aims to diversify the economy by increasing non-oil exports and promoting the "Made in Saudi" program globally.

In another Vision 2030 milestone, Saudi Arabia is on the brink of getting its first Global Geoparks. The UNESCO Global Geoparks Council has endorsed the nominations of North Riyadh Geopark and Salma Geopark, with a final decision expected in March 2025, further enhancing the country's standing in environmental conservation and sustainable development.

Lastly, in line with their digital transformation initiatives, Saudi Arabia's Civil Status Agency has renewed over one million national ID cards through the Absher platform using facial recognition technology. This service not only facilitates online renewals but also showcases the government's strides in embracing advanced technology for improved citizen services.
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