Page 18 - Red Hat PR REPORT - FEBRUARY 2024

3/1/24, 2:22 PM Saudi Arabia's fortifies digital landscape by convening industry masterminds at LEAP 2024

Futures and Commodity Market News
Saudi Arabia's fortifies digital landscape by convening

industry masterminds at LEAP 2024

Feb 29, 2024 (MENAFN via COMTEX) --
(MENAFN - Orient Planet Group)
The Kingdom of Saudi Arabia is not only witnessing significant changes but also setting stage for a transformation journey.
Currently, the nation strides firmly, guided by the ambitious Vision 2030. This development is a testament to the resounding
success of the initiatives Saudi Arabia implemented during 2023 as well as the nation's resolute commitment to ensure
continuous economic growth.
Amid this transformative journey stands the digital economy, a towering pillar demonstrating Saudi Arabia's pursuit of
innovation and economic diversification. With strategic investments in cutting-edge technologies such as artificial
intelligence (AI), Internet of Things (IoT), cybersecurity and big data analytics, the Kingdom is not only adapting to future
changes but is also poised to lead as a global technology hub.
In addition, the resolute commitment of Saudi Arabia's government to elevate the digital economy's contribution to nearly a
fifth of the GDP by 2025 signals a seismic shift, unlocking a realm of opportunities for both tech-industry giants and startups
alike. As the world watches, Saudi Arabia emerges as a global tech hub, building a path towards progress, creativity and
infinite possibilities.

Amidst technological innovations, LEAP 2024, one of the foremost global technology events, stands as a testament to
Saudi Arabia dedication to embracing a digital future. The event depicts the country's commitment towards fostering
creativity and pushing the boundaries of technological advancement. Often dubbed as the 'Digital Davos,' LEAP 2024 holds
a reputation beyond a technology event. It is a vital platform that gathers the world's most brilliant minds to contribute to
Saudi Arabia's digital revolution.

The evolution of the Kingdom's digital landscape vividly depicts that it is not just the cutting-edge technologies that shape
the country's trajectory but also the visionary thought leaders, companies and stakeholders driving this transformative
journey. In this regard, Red Hat, a leading player in the technology sector, takes centre stage, showcasing an unwavering
commitment to innovation at the core of Saudi Arabia's digital transformation. With Red Hat as a key participant, LEAP 2024
advances its role from a mere event to a reflection of the strategic revolution that aligns seamlessly with the ambitious goal
of creating a prosperous and technologically advanced Kingdom.

In light of this ambitious pursuit of Vision 2030, digital transformation takes centre stage as the government's key enabler
for progress. As part of the country's efforts, a visionary leap occurred in 2019 with the establishment of the Saudi Authority
of Data and Artificial Intelligence (SDAIA). The move reflects the country's commitment to spearheading responsible AI on a
global scale by fostering a world-class AI ecosystem spanning both governmental and private sectors.
At the heart of this revolution, AI stands as a key catalyst reshaping industries, transcending boundaries and reshaping
problem-solving paradigms. The seamless integration of AI with cloud services holds a critical role in propelling
development and deployment to unprecedented heights. The hosting and management of the platform, application, and
data services within the cloud create a streamlined, efficient hybrid experience. This not only aids in slashing operational
costs but also simplifies the intricate process of delivering cloud-native applications. Cloud services and AI has developed
an interdepended relationship, where the former acts as the backbone for continuous evolution and widespread adoption of
the latter. It also opens the doors of new possibilities as well as transforms existing business practices.
The dynamic technological realm has positioned Red Hat as a pivotal innovative force in LEAP 2024. Being the world's
largest open-source company, Red Hat is not just establishing the standards for hybrid cloud capabilities but is also
redefining them. Its dedication to an open hybrid cloud strategy seamlessly aligns with the Kingdom's ambitious digital
transformation journey. The disruptive technology of Red Hat is poised to empower businesses and significantly contribute
to the Kingdom's vision of becoming a global tech hub.
Over the years, LEAP has proven to be a catalyst for transformative advancements and the major companies' commitment
has set the stage for an even more dynamic event in 2024. Underscoring the Kingdom's growing significance in the global
tech ecosystem the Chinese tech giant Lenovo launched the Lenovo Centre for Creativity and Innovation project to
enhance cooperation and digital transformation in the country. Additionally, the strategic partnership between Zoom, a key
player in the realm of virtual communication, and Aramco to launch a Zoom cloud area in Saudi Arabia, added to the vast
list of collaborative initiatives shaping the Kingdom's technological evolution.
Along with the transformative ethos of LEAP, Saudi Arabia is forging strategic alliances with renowned firms such as Red
Hat and Extreme Networks, as part of its Vision 2030 initiative. These collaborations exemplify the Kingdom's commitment
to leveraging global expertise for the enhancement of its digital and economic landscape. Currently, Saudi Arabia is not
merely advancing technologically but is also emerging as a responsible advocate of AI globally. As the country positions
itself at the forefront of global technological convergence, the nation is diligently laying the groundwork for a future that
combines prosperity with technological advancement, signalling the impending digital era.

https://futures.tradingcharts.com/news/futures/Saudi_Arabia_s_fortifies_digital_landscape_by_convening_industry_masterminds_at_LEAP_2024_448… 1/1