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Saudi Arabia Leading Force in Empowering Global efforts to Promote Digital Economy

Nov 23, 2020

Faizel Patel – 23/11/2020

(Twitter: @FaizelPatel143)

Saudi Arabia’s Communications & Information Technology minister Abdullah Al-Sawahah  says the G20 Presidency has been a leading force in empowering the world with efforts to promote digital economy.

Al-Sawahah who is also the chairman of the G20 Digital Economy Task Force highlighted the way the Saudi G20 Presidency was able to keep its vital work going by moving to secure virtual environments.

He says allowing the swift and unprecedented action the G20 could agree on to tackle COVID-19 such as $21bn for health systems, over $11tr injected into the global economy and $14bn for the most vulnerable countries in the world at their time of greatest need.

“After COVID-19 hit us, there’s only one truth in life right now, which is that undoubtedly digitalization is the largest social equalizer and an economic multiplier, and this is going to be the fuel that would help us achieve further consensus”

Al-Sawahah also highlighted how members were able to develop a common framework for measuring and assessing the digital economy under the G20 Saudi Presidency.

“Our ability to dissect what does that digital economy look like; where can we focus for the highest GDP and jobs and local content impact to make sure that no one is left behind; has been such a remarkable achievement for us. We are very proud that we finally drove consensus, and we linked it all together as G20 nations.”

Earlier, the President of the Saudi Data and Artificial Intelligence Authority and the Chairman of the Organizing Committee of the Global AI Summit Dr. Abdullah Al Ghamdi said hosting over 170 virtual G20 meetings over the past months demonstrated how the country can leverage technology to overcome even the most challenging barriers.

The Saudi government targets by 2030 to train 40% of the relevant workforce on data and AI, to have over 20,000 data and AI specialists, and create up to 40,000 direct and indirect jobs related to data and AI.

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