24 Hrs
Source:
الاقتصادية
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Riyadh unlocks billions in smart city projects
The article explains that Riyadh is experiencing a transformation in the use of smart technologies to achieve substantial economic benefits. Studies predict that investments in AI-powered energy sectors, smart construction, and smart street lighting will generate a value exceeding $6 billion, with payback periods ranging from 1.3 to 5.9 years. It emphasizes that these technologies directly contribute to reducing costs and improving efficiency, while also indirectly boosting economic growth through impacts on trade, healthcare, productivity, and sustainability. The report highlights the importance of adopting an investment approach that enhances the city's performance and transforms smart city projects into a class of institutional assets. It also stresses the need for clear strategies and practical steps to move forward in integrating technology into economic policies to achieve the goals of Saudi Vision 2030.
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