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Saudi Arabia to set up Fourth Industrial Revolution Centre

This cooperation will bring the kingdom into the global Fourth Industrial Revolution network with countries such as India, China and Japan. (Image source: Saudi Press Agency)

The government of Saudi Arabia has signed agreement with the World Economic Forum to establish a branch in the kingdom of the Centre for the Fourth Industrial Revolution

A number of Saudi ministers met with professor Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF).

The meeting was attended by a number of princes, government ministers and senior officials in the kingdom as well as WEF senior officials. During the meeting, they discussed areas of joint cooperation between Saudi Arabia and the World Economic Forum.

Following this, they witnessed the signing of an agreement between the Government of the Kingdom of Saudi Arabia and the World Economic Forum to establish a branch in the Kingdom of WEF's Centre for the Fourth Industrial Revolution, the fifth such centre in the world.

This agreement marks the beginning of cooperation between WEF and the King Abdulaziz City for Science and Technology (KACST) with the support and coordination of the Saudi Center for International Strategic Partnerships (SCISP).

KACST will manage the Centre for the Fourth Industrial Revolution in cooperation with WEF. The Centre will provide space for the development of the mechanisms, plans and applications of the Fourth Industrial Revolution in the kingdom and will contribute to the adoption of technology and best practices in the region and the world, which reinforces the directives of the wise leadership and harnesses the tools provided by the Fourth Industrial Revolution to serve the Kingdom.

This cooperation will bring the kingdom into the global Fourth Industrial Revolution network with countries such as India, China and Japan. The Centre will also provide the opportunity to cooperate with various government agencies, international institutions and private companies, in line with the efforts to develop effective solutions to the challenges of vital sectors, alongside preparing competencies and capacity-building and advanced skill development in the areas related to the Fourth Industrial Revolution.

The Fourth Industrial Revolution is based on a number of areas, including Artificial Intelligence, Machine Learning, the Internet of Things, robots, smart cities, the governance and future shaping of technology and data policy, automated mobility, unmanned aerial vehicles (UAVs), and the future of airspace.

The annual meeting of the World Economic Forum, in Davos, Switzerland, is a platform that highlights the challenges and topics of interest to the world, in addition to best practices and practical solutions to these challenges. The Kingdom's participation in the Forum is an opportunity to enhance economic relations, investment opportunities and exchange pioneering ideas.

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