Page 29 - Red Hat PR REPORT - FEBRUARY 2024

2/29/24, 11:46 AM Saudi Arabia fortifies digital landscape by convening industry masterminds at LEAP 2024 - ESG Mena
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

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