Latest news with #IsmailIbrahim
Syyaha
12-06-2025
- Business
- Syyaha
SAUDI'S BOLD BET: ACCELERATING VISION 2030 THROUGH INTELLIGENT INNOVATION
By Ismail Ibrahim, Sales Director & General Manager for CEMEA at SUSE Saudi Arabia is undergoing a once-in-a-generation transformation, one that is as much about digital intelligence as it is about economic diversification. At the heart of this transition lies artificial intelligence (AI), now a cornerstone of Vision 2030. More than just a technological upgrade, AI is evolving into a system-wide force, reshaping how the Kingdom educates its people, governs its institutions, builds its infrastructure, and positions itself on the global stage. The foundation for this AI revolution was laid with the creation of the Saudi Data and Artificial Intelligence Authority (SDAIA), an organisation designed to align national policy, research, and investment around emerging technologies. With a vision to become a global leader in AI, Saudi Arabia has set ambitious goals: by 2030, AI is projected to contribute $135 billion to the country's GDP, accounting for 12.4% of its national output. What makes this vision credible is not just the scale of ambition, but the pace of execution that's already underway. A pivotal moment came in May 2025 with the launch of Humain , a sovereign AI company backed by the Public Investment Fund (PIF) and unveiled by Crown Prince Mohammed bin Salman. Humain reflects Saudi Arabia's intent to not just adopt AI, but to create its own AI infrastructure and capabilities from the ground up. Central to this initiative is the development of Arabic-language foundational models, secure data capabilities, and next-generation computing infrastructure, ensuring that AI reflects and serves the cultural and strategic priorities of the region. Yet this transformation isn't just confined to infrastructure and capabilities. Saudi Arabia is taking a whole-of-society approach to AI, embedding it in education, workforce development, and national mega-projects. Giga-projects like NEOM are integrating AI into urban planning, autonomous transport, and civic systems from the ground up, creating living laboratories for intelligent design. Even in healthcare, AI is poised to unlock $27 billion in economic value by 2030, improving everything from diagnosis to hospital operations to individualised patient care. Crucially, Saudi Arabia is not overlooking the ethical dimensions of AI also. The Kingdom ranks amongst the top three nations globally for AI ethics readinessreadines, a reflection of its early investments in responsible AI frameworks. From privacy-preserving technologies to transparent governance mechanisms, the country is positioning itself as a leader not only in innovation, but in how innovation is deployed and regulated. As the ecosystem matures, the role of enterprise technology providers becomes increasingly central. This is where companies like SUSE, known for its enterprise-grade open-source platforms, have an important opportunity to contribute. In a significant move aligning with Vision 2030, SUSE signed a Memorandum of Understanding (MoU) with Saudi Arabia's National Housing Company (NHC) at LEAP 2025. This strategic partnership aims to accelerate digital transformation within the Kingdom's housing sector, leveraging SUSE's expertise in open source solutions to enhance scalability, security, and efficiency in housing projects. SUSE's solutions are well-positioned to support Saudi Arabia's ambitions, —whether in national data centres, sovereign cloud environments, or smart city deployment, providing the backbone on which innovation can reliably thrive. What's unfolding in Saudi Arabia is more than an AI strategy; it's the blueprint of a digital nation. Through bold public investment, international collaboration, and a clear focus on values and talent, the Kingdom is demonstrating what's possible when a country commits not just to using AI, but to helping shape its future. For global leaders in technology, investment, and policy, Saudi Arabia is no longer just a market to watch; it's becoming a partner in building the next intelligent economy.
Bloomberg
10-06-2025
- Business
- Bloomberg
Singapore Swaps Prime Land With Malaysia Billionaire King's Son
Singapore's government is transferring a plot of land in one of its priciest residential enclaves to the eldest son of Malaysia's billionaire king, in exchange for a larger vacant parcel that his family has owned for more than a century. Ismail Ibrahim, the Regent of Johor state, is the registered owner of a 21.1 hectare (52 acres) parcel of land along Holland Road that is worth billions of dollars. It is close to Singapore's Botanic Gardens, a colonial-era attraction which has become a UNESCO World Heritage Site.
