Ministry approves OMR15mn budget for artificial intelligence projects for 2025

Ministry approves OMR15mn budget for artificial intelligence projects for 2025

Muscat: The Ministry of Economy, in cooperation with the Ministry of Transport, Communications and Information Technology organised in Muscat on Sunday the “Artificial Intelligence Economics Initiative 2024” forum. It brought together Omani companies specialised in the field of artificial intelligence (AI) and all government agencies.

The forum aimed at maximising in-country value (ICV) and providing a platform for companies to display their innovative solutions in various sectors, in an effort to complete cooperation between the government and private sectors and to enhance ICV from national projects, benefit from the expertise of the private sector, and inform various government agencies of the latest technologies and innovations in the AI field.

The forum was held under the patronage of HH Sayyid Dr. Kamil bin Fahd bin Mahmoud Al Said, Secretary General at the Secretariat General of the Council of Ministers.

Dr. Said bin Mohammed Al Saqri, Minister of Economy, revealed that the ministry’s approval of the development budget allocated for AI projects for 2025 will be about OMR15 million, of which OMR10 million allocated for government agencies and OMR5 million for the governorates.

In his speech, the minister said “This forum comes out of the belief in the necessity of urging national efforts to keep pace