BUSINESS | Saudi Arabia Launches Artificial Intelligence Center For Energy

RIYADH – – Saudi Arabia’s Energy ministry on Sunday announced signing a MoU focused on improving the Kingdom global ranking in leading international data and AI indicators and developing AI capabilities.
Inked by the ministry and the Saudi Data and Artificial Intelligence Authority (SDAIA), the MoU inaugurated the Artificial Intelligence Center for Energy.
The MoU was signed by Energy Minister Prince Abdulaziz bin Salman and the head of the SDAIA, Abullah bin Sharaf Al – Ghamdi.
The MoU comes with the scope of supporting government integration between the ministry and SDAIA to achieve their common goals in supporting, developing, reviewing and implementing data and AI research and development efforts, their common goals in supporting developing, reviewing and implementing data and AI strategies in the energy and gas sectors, which is among the priority sectors of SDAIA’s National Strategy for Data and Artificial Intelligence (NSDAI).
This will support the objectives of reaching more than 15,000 data and AI specialists by 2030 and boosting cooperation with the largest national and international companies in the fields of energy and IA to localize the technology and stimulate AI – related investments
NSDAI seeks to reach SR75 billion ($19.996 billion) in local and foreign investment in data and AI by 2030.
The center will be joined managed by the Energy Ministry and SDAIA, with the participation of the national energy system’s main stakeholders.
‘The energy system believes in the importance of integration and working as a joint government team with the various relevant bodies, taking into consideration each body’s responsibility and nature of work’, Prince Abdulaziz said.
He stressed the significance of the relationship between the energy and data and AI sectors in the Kingdom, ‘as the energy sector constitutes 40 percent of the Kingdom’s GDP with more than 270,000 employees’.
‘Data in the energy sector are considered a great asset and represent a golden opportunity to enhance the Kingdom’s position in terms of adopting AI in the energy sector’, the minister emphasized.
He also noted that many Saudi institutions are shifting towards an AI-based structure.
‘By 2024, 70 percent of the institutions will be using the AI-based infrastructure and smart cloud service, greatly easing the concerns regarding the institutions’ integration and expansion’, the minister said.
‘In addition, more than 50 percent of the institutions will be resorting to AI services to expand their application portfolios by 2023’, he added.
Al-Ghamdi, for his part, revealed that SDAIA and Energy Ministry intend to support existing efforts with regard to collecting and analysing energy sector data.
He added that the two bodies will work on the development of cloud computing solutions to serve the energy sector.


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