Saudi Arabia accelerates digital economy growth through Nvidia partnership
Saudi Arabia is boosting its digital economy growth by partnering with Nvidia, a leading technology company.
The Minister of Communications and Information Technology, Abdullah Al-Swaha, met with Nvidia CEO Jensen Huang to bolster the digital economy of the region, with Saudi Arabia as the forefront market for tech innovation in the Middle East and North Africa.
The discussions focused on the development of generative AI to foster digital innovation and investment in the area. Topics at the meeting also covered promoting deep tech innovation, leveraging generative AI for social and economic gains, and capitalizing on digital sector opportunities.
Saudi Arabia recently celebrated several digital milestones, including the establishment of the region's first GenAI Accelerator and The Garage, the biggest deep tech incubator locally.
The country's digital achievements in 2023 earned it a commendation, securing third place in the World Bank's GovTech Maturity Index and fourth in digital regulation readiness by the ITU’s “Global Digital Regulatory Outlook 2023” report.
Furthering its international digital strategy, Saudi Arabia's collaborations extend to global powers. At the Davos World Economic Forum, Minister Al-Swaha and Josephine Teo, Singapore's Minister, aimed to reinforce the Saudi-Singapore digital and emerging tech partnership under the Saudi-Singapore Joint Committee.
Their discussions revolved around joint market access, tech investment promotion, digital sector advancement, and research into cutting-edge technologies to enhance the growth of the digital economy.