Microsoft Executive: Saudi Arabia's $100 Billion Tech Investment Makes it a Global AI and Innovation Hub
Saudi Arabia's $100 billion tech investment, spearheaded by the launch of Alat, a technology and AI firm, is propelling the Kingdom to the forefront of innovation and talent development globally, according to Turki Badhris, president of Microsoft Arabia.
The Public Investment Fund is backing this initiative, which aims to transform Saudi Arabia's technological sector through numerous giga-projects and AI initiatives.
Badhris believes that Saudi Arabia is not just playing a regional role but a global one in leading AI vision, making the Kingdom a hub for innovation and talent.
Microsoft is establishing a global AI center for Arabic language in Saudi Arabia to promote the regional language and foster innovation internationally.
This aligns with Microsoft's mission to empower individuals and organizations in Saudi Arabia and contributes to unlocking the Kingdom's full potential in AI and technology.
Microsoft's recent investment in cloud and AI will accelerate the growth of the ICT market in Saudi Arabia and have a significant impact on the economy, potentially accelerating Saudi Arabia's gross domestic product growth.
Microsoft executive, Badhris, predicts a significant increase in Saudi Arabian businesses adopting cloud computing by 2024.
Following this transition, he encourages businesses to utilize AI technology to transform their operations.
Microsoft is collaborating with the Ministry of Communication and Technology to establish a data center in Saudi Arabia for a smooth implementation.
The company is committed to implementing AI and cloud technologies across various industries in Saudi Arabia, with Microsoft itself undergoing a transformation to become an AI-driven organization.
Microsoft offers specialized clouds for various sectors including healthcare, education, logistics, sustainability, and more.
They have a large ecosystem of partners developing IP solutions on Microsoft Azure.
Last week, they added support for M365 in 16 new languages, including Arabic, demonstrating their commitment to localization in Arab countries.
Microsoft works with organizations of all sizes, from startups to large enterprises, in both public and private domains.
They prioritize collaborating with startups and SMEs as they believe they will have the greatest economic impact.
The executive spoke about a recent collaboration with the Ministry of Investment and MISA on an initiative called "Alliance to Innovate." He highlighted the progress made in Saudi Arabia but emphasized the need to unlock more potential.
Technology is evolving quickly, and the executive believes that Saudi Arabia needs to keep up and bring the best technologies from around the world.
The executive expressed that this is only the beginning and that there is still much more to be done.