How AI Will Boost Saudi Arabia's Economy by $215 Billion by 2035: Vision 2030 Insights

Imagine a future where Artificial Intelligence (AI) fuels Saudi Arabia’s economy, adding an impressive $215 billion by 2035.

Imagine a future where Artificial Intelligence (AI) fuels Saudi Arabia’s economy, adding an impressive $215 billion by 2035. This vision aligns with Saudi Arabia’s ambitious Vision 2030 and shows how the country is preparing to become a global tech leader. Here’s how AI is set to reshape Saudi Arabia’s future:

1. Massive Economic Impact

By 2035, AI technologies are expected to boost Saudi Arabia’s GDP by 12.5%, a clear sign of how AI is reshaping industries and sparking new opportunities for economic growth. This significant contribution aligns with the Kingdom’s dedication to economic diversification.

2. Widespread Public Support for AI

A recent survey reveals that 77% of Saudis feel comfortable using AI-powered services, a rate much higher than the global average. This acceptance indicates a society that’s ready to embrace AI, from everyday applications to business solutions, propelling the digital transformation forward.

3. Global Recognition for AI Strategy

Saudi Arabia is gaining attention for its strong AI strategy, ranking 1st in the Arab world and 22nd globally in the Tortoise Intelligence AI Government Strategy Index. This achievement highlights the country’s commitment to creating policies and investments that drive AI forward.

4. Leading in Digital Competitiveness and Cybersecurity

Saudi Arabia ranks second among G20 nations in digital competitiveness, proving that it is investing heavily in a future-ready digital ecosystem. The country also holds the second position in the Global Cybersecurity Index, illustrating its efforts to create a secure, reliable digital space for AI applications.

5. Cutting-Edge Investments and Initiatives

The government has been proactive in acquiring advanced AI technology, including 3,000 Nvidia H100 chips for AI research and development at King Abdullah University of Science and Technology. Large projects, like Project Transcendence (a $100 billion initiative), aim to build infrastructure that attracts top global AI companies and tech talent.

6. SAMAI Initiative: Training a Skilled AI Workforce

Through the SAMAI Initiative, Saudi Arabia is preparing its workforce by planning to train one million Saudis in AI skills. This ambitious program ensures the nation has the talent needed to support its growing AI sector and enhances its overall economic resilience.

Saudi Arabia’s dedication to AI and digital transformation reflects a nation preparing to lead in technology, innovation, and economic growth. With these goals, the Kingdom is well on its way to building a thriving digital economy and becoming a global AI powerhouse.

Sources: