03 Feb 2021

MoU signed to launch AI center for energy in Saudi Arabia

Arab News
MoU signed to launch AI center for energy in Saudi Arabia

RIYADH: A new AI center for energy has been inaugurated with the signing of an MoU between the Saudi Ministry of Energy and the Saudi Data and Artificial Intelligence Authority (SDAIA).

This will boost the Kingdom’s efforts in improving its ranks in leading international data and AI indicators.
The MoU signed by Saudi Minister of Energy Prince Abdul Aziz bin Salman and the head of the SDAIA, Dr. Abdullah bin Sharaf Al-Ghamdi, is also aimed at contributing to the development of national cadres’ capabilities and the Kingdom’s AI methodologies.

The MoU comes within 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 strategies in the energy and gas sectors.

The inauguration of the Artificial Intelligence Center for Energy will help to promote AI research and development efforts, support innovation and enable entrepreneurship.

The center will focus on four strategic objectives: Promoting national energy priorities, developing AI to benefit knowledge, accumulating experiences in the field of energy, and leading the AI aspect of the Kingdom’s energy-related strategic partnerships.

“By 2024, 70 percent of the institutions will be using the AI-based infrastructure and smart cloud services, greatly easing the concerns regarding the institutions’ integration and expansion. In addition, more than 50 percent of the institutions will be resorting to AI services to expand their application portfolios by 2023,” Prince Abdul Aziz said.

SOURCE: ARAB NEWS

View all Breaking News
Loading

Let's keep in touch!

Register now to be the first to hear about our special offers, exhibitor and speaker announcement,

news about our features and so much more.