24 Hrs
Source:
الاقتصادية
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Al-Eqtisadiah Hosts AI Economy Forum
The "Economics" newspaper launched its first annual forum titled "Our Economy and Artificial Intelligence," with the participation of experts and officials to discuss the role of AI in strengthening the Saudi economy. The speakers emphasized that Saudi Arabia has successfully transitioned from a vision to implementation in investing in and utilizing emerging technologies. Government spending on IT services reached approximately 31.9 billion riyals in 2025, while private sector investment in artificial intelligence increased by over 120%. Additionally, AI-related commercial activities recorded more than 24,000 entries, growing by over 31% in 2026. The outlook suggests that the future of AI depends on building an integrated system of governance, scientific research, and investment, with a focus on responsible and ethical use of the technology to enhance Saudi Arabia's competitiveness in the global economy.
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