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Cisco Boosts Investment & Digitization In Saudi Arabia
The tech giant unveiled plans for a new regional headquarters in Riyadh and announced the third phase of its Country Digital Acceleration (CDA) Program.
At LEAP 2024, digital communications technology giant Cisco revealed new strategic initiatives in Saudi Arabia that will grow the company’s long standing presence in the region and reaffirm its commitment to local customers. Based on a Regional Headquarters license issued by the Ministry of Investment in 2023, Cisco unveiled plans for a new regional head office in Riyadh and the beginning of the third phase of its Country Digital Acceleration (CDA) Program.
HE Vice Minister of Communications and Information Technology, Eng. Haitham bin Abdul Rahman Al-Ohali commented: “Technology is a key enabler in achieving the Saudi Vision 2030. Investments of global tech players like Cisco play a crucial role in strengthening our technology landscape, [bringing] the Kingdom forward on its path to a diversified, knowledge-based economy”.
As well as a brand new headquarters, Cisco’s Country Digital Acceleration (CDA) Program will align with the goals of the Saudi Research and Development National Strategy, focusing on Health and Wellness, Sustainable Environment & Affordable Supply of Essential Needs, Energy & Industrial Leadership, and Economies of the Future.
First launched in Saudi Arabia in 2016, the CDA program has supported digitization and helped to develop innovation in sectors including healthcare, education, smart cities, and government digitization. Cisco has now trained over 335,000 people in the Kingdom on cybersecurity, programming, and networking while also collaborating with King Abdullah University of Science and Technology (KAUST), Saudi Authority for Data and Artificial Intelligence (SDAIA), and Vision 2030 Giga Projects.
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“Today’s announcements reinforce Cisco’s commitment to support the digital ecosystem in Saudi Arabia,” explained Salman Faqeeh, Managing Director, Cisco Saudi Arabia. “I am proud of what we have achieved through our longstanding presence in the Kingdom and via our active programs like CDA and Cisco Networking Academy, and I am looking forward to more milestones. With our technologies spanning every IT and business objective, from networking to security, collaboration, monitoring, application development, and more, Cisco continues to be at the heart of driving digitization together with our customers and partners”.
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Google To Launch AI Hub In Saudi Arabia, Aiming For $71B GDP Boost
The tech giant also plans to develop local AI solutions, and train regional talent to foster innovation and entrepreneurship.
Google has announced plans to set up a cutting-edge artificial intelligence (AI) hub in Saudi Arabia, a move aimed at accelerating technological growth and economic development across the wider gulf region. The ambitious project aligns with Saudi Arabia’s Vision 2030, an initiative that champions technology and innovation as central to economic diversification away from the oil industry.
According to Google, the hub has the potential to contribute as much as $71 billion to Saudi Arabia’s economy. The initiative will likely speed up the adoption of AI across industries such as healthcare, retail, and financial services — not only within Saudi Arabia but also throughout the wider MENA region and beyond.
Yasir Al Rumayyan, Governor of Saudi Arabia’s Public Investment Fund (PIF), highlighted the importance of the project for the Kingdom: “This partnership demonstrates PIF’s dedication to fostering an AI-friendly environment through investments in human capital and technology, upskilling thousands with cutting-edge tools to support our sustainable and innovative infrastructure goals,” he explained. Al Rumayyan also emphasized that Saudi Arabia’s combination of sector knowledge and long-term investment strategies makes it an ideal environment for global technology partnerships.
Also Read: Top Free AI Chatbots Available In The Middle East
A central aim of Google’s initiative is nurturing local talent. The AI hub will offer a range of training, research, and collaboration opportunities for developers, researchers, and entrepreneurs within Saudi Arabia. Google envisions training “millions” of people, helping to create a robust innovation ecosystem that supports entrepreneurship and ensures economic benefits reach all segments of society.
As international technology giants increasingly look to develop solutions tailored to regional needs, Google’s initiative reflects a progressive approach that leverages the strengths of local markets. With the potential to inject billions into the economy and strengthen digital capacities, Saudi Arabia could soon emerge as a prominent center for AI innovation in the Middle East.
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