Advanced manufacturing, AI based technologies are no longer a luxury, but become inevitable: Minister

Advanced manufacturing, AI based technologies are no longer a luxury, but become inevitable: Minister

Saudi Gazette report RIYADH — The advanced manufacturing and AI-based technologies are no longer a luxury or a choice, but have become inevitable to ensure growth and profitability, said Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef. Alkhorayef made these remarks during the second day of the second Global Artificial Intelligence (AI) Summit that’s being held in Riyadh and organized by SDAIA. He said that the role of advanced manufacturing and AI in manufacturing and mining industries topic is extremely important and timely, because it is bringing a lot of value from productivity, and improving reliability, enhancing employees safety, and making the industry more sustainable. Today, Saudi Arabia has a strong industrial base made of more than 10,000 factories that are spread around the country in 40 different industrial cities, making up 11% of the country’ GDP with an impressive growth rate of 10%. Alkhorayef stated that the launching of the Future Factories program aims to transform 4,000 factories to become automated and adopt advanced manufacturing technologies. “The first step of the program was to define the maturity measure and standardize the factory’ transformation technology.” The transformation requirements for industry sectors have changed, he said, clarifying that, in the