5th Riyadh Industrialists’ Council Discuss Possibilities of the Digital Prospects

Workings of the 5th Council of Riyadh industrialists has begun, organized by the Riyadh Chamber under the title: “Introducing the capabilities of the digital industry and its role towards digital transformation – in tandem with the 4th Industrial Revolution.

Addressing the gathering, Deputy Minister of Industry and Mineral Resources, Eng. Osama Al-Zamil stressed that innovation and technology solutions are among the most crucial basic enablers to transform the Kingdom into a world-leading industrial power, especially with benefiting from the applications of the 4th Industrial Revolution.

The Ministry, in an effort to achieve the objectives of the Kingdom’s Vision 2030, was concerned with linking the private industrial sector with various government agencies under one platform, which is the Industrial Council.

Industrial Council includes a mixture of industrial sectors and various tracks, including the digital transformation, local content, export development, corporate sustainability, and the fourth industrial resources, Al-Zamil explained, indicating that the Kingdom’s vision 2030 has made digital transformation one of its main pillars, and sought to accelerate and enable it, taking advantage of the Kingdom’s young and educated generations, well-versed in technologies with distinctive ranking on the Global Innovation Index for the Year 2021.

Noting the advanced digital infrastructure that the Kingdom enjoys, and ranking second globally among the G20 member states, in terms of the Digital Competitiveness Report for the Year 2021, he pointed out the Kingdom is also the 7th globally, in the speed of the “internet”, the 8th in the number of cities covered by the 5G, and the 10th in the comprehensive coverage of the 5G.

On the industrial sector’s journey with digital transformation and benefiting from technological development, Al-Zamil stated that the ministry’s plan aims to transform as much as 4,000 factories from heavy dependence on expatriate workers, to digital industrial automation, and to provide quality jobs for citizens, through “Modon” implementing of the National Productivity Program initiative, which aims to raise the productivity of factories, by adopting the techniques of the 4th Industrial Revolution.

The National Industrial Development and Logistics Program (NIDLP) has introduced 10 initiatives aimed, at preparing the technical infrastructure and stimulating the solutions of the 4th Industrial Revolution, and the Industrial Fund has launched a “Competitiveness Program” to finance industrial digital transformation projects, and through this program we seek to provide various support packages for the development of factories, in place, through applying operational excellence practices, adopting advanced manufacturing solutions, as well as designing and constructing new factories according to high standards, in terms of manufacturing and production efficiency.