Saudi Arabia aims for 25% productivity boost through digital transformation

In recent remarks, Amin Nasser, President and CEO of Aramco, emphasized the integration of digital technologies as a key driver for enhancing Saudi Arabia's industrial productivity. He indicated that preliminary estimates suggest a potential increase in productivity ranging from 15 to 25 percent. This initiative emerges amidst Saudi Arabia's broader strategy to establish itself as a significant player in the global digital economy, with a market value projected to exceed SR495 billion ($131.9 billion) by 2024. The integration aligns with the Kingdom's Vision 2030, which aims to diversify the economy and bolster various sectors through advanced technological advancements. Nasser highlighted the importance of creating a robust digital infrastructure that supports industrial sectors. He noted that ongoing technological advancements would facilitate the emergence of industries dominated by advanced technologies over the next decade. These transformations are crucial as the Kingdom navigates through geopolitical shifts and intense global competition in technological, industrial, and economic realms. The establishment of the Aramco Digital Company and a dedicated private wireless network for industrial use is part of this ambitious strategy to foster a digitally-enabled industrial landscape. Additionally, Nasser pointed out that sectors must also focus on proactive investments in digital protections to complement these technological advancements. He mentioned the introduction of edge artificial intelligence services designed for critical applications within industrial sectors, aiming to optimize operations and bolster efficiency further. Such initiatives highlight Aramco's commitment to not only enhancing productivity but also ensuring that the industrial sector remains competitive on a global scale. In summary, the shift towards a digitally transformed industrial sector underscores Saudi Arabia's efforts to elevate its economic stance. As the Kingdom seeks to enhance its capabilities and improve its production outputs, these changes are seen as vital components in realizing its Vision 2030 goals, which prioritize economic diversification and increased productivity across various industries.