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LONDON: ��������Ƶ's minister for communications and information technology has outlined the Kingdom’s digital vision at Davos.
Abdullah Alswaha said the Kingdom was spending more than $3 billion to connect 2 million homes, schools and hospitals with high speed fiber as it prepares to roll out a 5G network.
He is part a large delegation of Saudi ministers and businesspeople attending the World Economic Forum this week.
He said: “We have gone a long way in delivering on ��������Ƶ’s Vision 2030. Today, we are both the largest economy and the largest technology market in the region.”
��������Ƶ is investing heavily in technology as it seeks to reduce its reliance on oil revenues by diversifying into high value sectors.
The Kingdom’s Public Investment Fund has teamed up with Japan’s SoftBank to invest in technology, robotics and artificial intelligence.
��������Ƶ has also announced a vast megacity called “Neom” which aims to become a hub for innovation and technology transfer.