First Annual Economic Forum Averaging 30,000 Views

At the Annual Economic Forum held in Riyadh, extensive discussions took place regarding the role of artificial intelligence in strengthening the Saudi economy and transforming it into a global competitive force. Participants noted that Saudi Arabia has moved from the vision stage to implementation, with increased government spending on AI and emerging technologies. Spending on telecommunications and information technology services reached 31.9 billion riyals in 2025, with AI investments rising by 20%. The speakers emphasized that developing investment in this sector requires training and qualifying human resources. They also highlighted that Saudi Arabia possesses strong fundamentals to attract investments in the digital economy, which supports its position as a global hub for data and artificial intelligence within its 2026 strategy.

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