Eng. Abdullah Al-Swaha, Minister of Communications and Information Technology, Chairman of the Board of Directors of King Abdulaziz City for Science and Technology and Chairman of the Board of Directors of the Research, Development and Innovation Authority, Eng. Abdullah Al-Swaha, signed a letter of intent to launch the “Tomorrow’s Markets” accelerators to contribute to promoting innovation. In Saudi Arabia.
This 18-month accelerator will identify the most promising economic markets of the future, helping the Kingdom achieve its goal of becoming a stimulating environment for innovation.
The letter of intent will also support the development of initiatives to enhance a global network of knowledge, exchange experiences, and link experts and knowledge partners from the public and private sectors. It will also help in identifying new promising markets that have the ability to contribute to the process of economic transformation that the Kingdom is working on, and to identify the best strategies to unleash it. To develop these markets, according to the Saudi Press Agency, “SPA”.
During the meeting, the Saudi delegation highlighted the Kingdom’s role as a leading partner in the “global metaverse village” during the forum, which will enhance the use of “Metaverse” to enhance the cooperation of the international community, as the Kingdom intends to build a house in this village to open the doors to opportunities and investments, and the cooperation of the relevant national authorities. with global agencies.
It will also be a way to attend events, interact with people, share important knowledge and announcements, in addition to announcing that Saudi Aramco is the first private sector entity in the world to build a home in the “global metaverse village”.
The meeting also dealt with investing in green technology, as well as investing in women and youth who are considered effective enablers in climate action efforts. The meeting also reviewed the progress made in the projects launched at the annual meeting of the World Economic Forum for the year 2022. The future of the mining industry in the Kingdom and the promising future opportunities, especially with the increasing demand for minerals, and the importance of benefiting from the Fourth Industrial Revolution and green technologies.