During a visit to Riyadh, Ukraine's Vice Minister of Digital Transformation, Oleksandr Bornyakov, held meetings with Saudi officials from the information, investment ministries, and Monsha'at (General Authority of Small and Medium Enterprises).

The goal is to help Saudi Arabia in its digital transformation journey by leveraging Ukraine's growing tech expertise.

The Ukrainian Vice Minister of Digital Transformation expressed interest in bringing Ukrainian expertise to Saudi Arabia to help the country digitize various sectors such as healthcare, automotive, energy, and finance.

He highlighted Ukraine's strong educational system that produces talented engineers and their expertise in various sectors.

The Vice Minister aims to establish a government-level relationship to facilitate cooperation with Saudi private sector entities, including startups, in the future.

During his visit to Riyadh, he presented several digital products to Saudi officials for potential government-to-government use.

Oleksandr Bornyakov, Ukraine's vice minister of digital transformation, believes that the world is changing rapidly and that countries, including Saudi Arabia, need to keep up with technology to remain competitive.

He commends Saudi Arabia for its rapid development and sees great potential for technological firms in the Kingdom.

Bornyakov suggests that Saudi Arabia should foster an entrepreneurship culture to encourage local talent and innovation in the technological sector.

He emphasizes the importance of investing in digital transformation to stay current with the latest technologies and digital trends.

The Russian vice minister, Bornyakov, is currently in Saudi Arabia to promote entrepreneurship and Russian investment.

He believes that Saudi Arabia wants to cultivate an entrepreneurial culture and has a business-friendly environment for foreign investments.

Bornyakov also praised Saudi Arabia's efforts to diversify its economy as part of Vision 2030.

The investment process in Saudi Arabia is efficient, allowing businesses to be established and bank accounts to be opened quickly.

Ukraine's economy is diversifying, with the IT sector making significant strides.

In 2019, IT contributed 2.5-2.6% to the GDP, but this has since grown to nearly 5%.

IT exports now account for 41% of Ukraine's services.

Bornyakov also mentioned the potential uncertainty of the energy sector and Ukraine's efforts to reduce dependence on grains and heavy machinery.

Historically, Ukraine was known for these industries, but due to war and the evolution of IT, the sector has become a major economic contributor in just a few years.

Oleksandr Bornyakov, Ukraine's Vice Minister for Digital Transformation, recently visited Riyadh to establish a government-level relationship with Saudi Arabia.

This relationship could lead to future cooperation with Saudi private sector entities, including startups.

Bornyakov highlighted the success of Ukraine's Diaa application, which has 20 million active users and allows Ukrainians to use digital documents on their smartphones instead of physical ones for identification and accessing government services.

He believes that such applications have great potential in the Gulf Cooperation Council region, as they could reduce the need for physical documents and the associated hassles.

Bornyakov also mentioned that Ukraine's digital transformation has led to a significant increase in export revenue, which is now almost $8 billion per year, compared to $3-4 billion five years ago.

Ukraine has developed a government super app called Diaa, making it the first country in the world to introduce digital passports.

The app consolidates various documents such as driver's licenses, car titles, insurance, diplomas, birth certificates, tax IDs, and passports onto a smartphone.

The app aims to address the issue of carrying multiple physical documents, particularly for those traveling to Gulf countries with different identification procedures.

Ukraine has also made the source code for these applications open, allowing other countries to use and adapt the code to meet their specific requirements.

The speaker in this text is announcing that they have made their source code open source, meaning it is freely available to the public.

They encourage others to use and build upon this code for their own projects, emphasizing the collaborative nature of this union (GCC) and the potential benefits for the community.