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أخبار الخليج
Saloum: GCC promotes diversification through tech
Financial and economic news has emphasized the importance of technology and innovation in diversifying the Gulf economies. Deputy Ahmed Sabah Al-Salem confirmed that technology has become the backbone of modern economies, driving digital transformation and productivity. The Bahraini experience in digital transformation was highlighted, focusing on building a knowledge-based economy, fostering innovation, developing digital services, and supporting startups, which has positioned Bahrain as a regional hub for financial technology. He pointed to the efforts of the Bahrain Society for Small and Medium Enterprises Development in supporting digital transformation and creating an encouraging environment for entrepreneurs, with particular focus on upcoming initiatives in artificial intelligence, renewable energy, and cybersecurity. Al-Salem stressed the importance of Gulf cooperation in exchanging expertise, legislating policies, and unifying platforms to develop an integrated digital ecosystem. He emphasized that innovation has become a strategic necessity to ensure economic sustainability and enhance competitiveness, calling for coordinated efforts between the public and private sectors and empowering youth to build a knowledge-based Gulf economy rooted in technology and innovation.
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