Saudi Arabia’s STC Group and the Authority for Research, Development and Innovation partner to launch AI lab

stc Group and the Research, Development, and Innovation Authority signed a cooperation agreement Tuesday to establish the stc Group Artificial Intelligence Lab. The strategic partnership aims to support and strengthen pioneering projects in Saudi Arabia.

The agreement was signed by Acting Overseer General of the RDI Authority Dr. Mohammed Al-Otaibi and STC Group Chief Technology Officer Eng. Haitham Al-Faraj on the sidelines of the Global Artificial Intelligence Summit being held in Riyadh, which focuses on developing effective mechanisms to support national projects aligned with Saudi Vision 2030.

The partnership will provide the necessary opportunities to support innovative ideas and projects that will contribute to the development of a knowledge-based economy and strengthen Saudi Arabia’s position as a global technology hub.

It is an important step towards creating an environment conducive to innovation and entrepreneurship, driving sustainable economic growth and developing the country’s potential in various technical fields.

The stc group’s Artificial Intelligence (AI) Lab will serve as a platform for testing and developing innovative technical solutions. It will provide an integrated environment to nurture ideas and transform them into products and services that will enhance Saudi Arabia’s global competitiveness and achieve national goals.

This includes increasing the number of start-ups, supporting entrepreneurs, creating a conducive environment for innovation, and increasing research and development spending through collaboration between government agencies and private sector companies.

The lab will also help increase the number of patents, create new jobs and help turn ideas into inventions on a global scale.