Economy

Saudi Arabia's Focus on AI and Tourism Showcased at Global Labor Market Conference

Published December 14, 2023

Saudi Cabinet Ministers Discuss Economic Growth and Job Creation

At the Global Labor Market Conference's first-ever meeting, senior Saudi officials elaborated on the country's efforts to adapt to both local and global economic dynamics. Key discussions highlighted the transformative initiatives underway within the Kingdom, aimed at generating employment opportunities and fostering innovation.

AI Development Takes Center Stage with HRH Crown Prince's Support

The Saudi Minister of Communication proudly credited the Kingdom's advancements in artificial intelligence (AI) to the personal commitment of HRH Crown Prince Mohammed bin Salman. The focused approach on AI has placed Saudi Arabia as a significant player in the technology space on the international stage.

Tourism Expansion Contributes to Job Creation

Illustrating the Kingdom's diversifying economy, the Minister of Tourism conveyed the success of the National Tourism Strategy. This strategy has been a driving force behind the creation of 250,000 new jobs within the sector, remaining on course to achieve the ambitious goal of one million jobs. These developments showcase the Kingdom's proactive measures in promoting tourism as a sustainable economic pillar.

Local Talent Development as Investment Priority

The Saudi Minister of Investment underscored the Kingdom's commitment to nurturing local talent as a cornerstone for economic development. By investing in the Saudi workforce and ensuring that skill development aligns with market needs, the country is building a robust foundation for long-term sustainable growth and attracting foreign investment.

Saudi, Investment, Tourism