Saudi Arabia launches “Sky” to compete globally with advanced technologies

          Working to provide solutions for smart cities in the country            

The Saudi Artificial Intelligence Company (Sky) - wholly owned by the Public Investment Fund - launched its business aimed at supporting the growth and development of the sector and emerging technologies in the country, in line with the fund's objectives to contribute to empowering promising sectors, making Saudi Arabia a competitive global center in advanced technologies.

And “Sky” announced yesterday (Monday), that it will work to provide various innovative solutions in the artificial intelligence sector for a group of priority sectors in Saudi Arabia, such as energy and health care, and seeks to be the preferred partner in providing smart services and solutions in artificial intelligence for smart cities.

Dr. Abdullah Al-Ghamdi, Chairman of the Company’s Board of Directors, said that “Sky” will act as an arm of the Public Investment Fund in Artificial Intelligence and Emerging Technologies, as it will develop and localize the latest technologies and knowledge and build strategic partnerships in which it seeks to contribute to the development of national capabilities and solutions in the sector. It contributes to strengthening Saudi Arabia’s efforts to diversify the sources of income for the national economy and improve the quality of life in line with the Kingdom’s 2030 vision.

For his part, Engineer Ayman Al-Rashed, CEO of Sky, explained that artificial intelligence aims to permanently develop the lifestyle, indicating that the company will work mainly in contributing to enabling the country to achieve its goals in the sector by contributing to building foundations to launch sustainable value for all. stakeholders in Saudi Arabia and the world.

The announcement of the launch of Sky’s business comes in line with the Public Investment Fund’s strategy that focuses on developing 13 strategic sectors in the country, including the technology sector, and the fund’s efforts to build national companies that contribute to the development of promising sectors, in line with the objectives of Vision 2030.

Dr. Abdullah Al-Ghamdi had made it clear that the Academy of the Saudi Data and Artificial Intelligence Authority (SDAIA), which was recently announced, aims to train and qualify 25,000 specialists and experts in the field of data and artificial intelligence, noting that 5,000 of them will be sent to prestigious international universities to complete their studies. Specialized graduate studies, while 20,000 will be trained over the next ten years. He explained that the goal is for them to become strongly qualified to achieve the objectives of the announced national strategy for data and artificial intelligence, including the establishment of 400 start-up companies in artificial intelligence and contribute to bringing in investments over the next ten years estimated at 80 billion riyals ($ 21.3 billion).

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