RIYADH: The Saudi Ministry of Communications and Info Know-how has signed a memorandum of cooperation with the South African Division of Communications and Digital Know-how to boost improvement within the fields of communications and data know-how.
The cooperation protocol additionally goals to attain technical improvement and market enlargement of the knowledge and communication sectors within the two international locations, the Saudi Press Company reported.
In accordance with the report, the memorandum was signed by Saudi Minister of Communications and Info Know-how Abdullah Amer Al-Sawah and South African Transport Minister Fikile Mbalula on the sidelines of the Saudi-South African discussion board. on funding in Jeddah.
Beneath the settlement, the 2 international locations will work collectively in numerous areas, together with schooling, well being, e-government, tourism, good cities, fastened and wi-fi broadband, IP networks and information facilities, Web functions and wi-fi companies, together with satellite tv for pc communications.
In accordance with the memorandum, they may also cooperate on a number of matters, together with research and analysis to facilitate joint funding tasks in data and communication know-how infrastructure, digital communication and rising applied sciences.
They may also work collectively to develop insurance policies for the digital economic system, analysis and improvement, innovation and cooperation within the areas of synthetic intelligence, the Web of Issues, cloud computing and digital authorities.
Throughout the discussion board, Saudi Arabia and South Africa additionally signed 11 agreements and memorandums of understanding in the private and non-private sectors, aimed toward selling developments within the funding sector.
These agreements lined the areas of vitality, water, inexperienced hydrogen, waste diversion, logistics and aerial survey companies.
Throughout the discussion board, Saudi Funding Minister Khalid Al-Falih stated the Kingdom is the quickest rising among the many Group of 20 economies. It enjoys a strategic location connecting three continents with a shoreline 1,200 km alongside the Purple Sea, by which roughly 15% of world commerce passes.
Al-Falih additionally famous that Saudi-South African commerce is consistently growing. It grew from $4.6 billion in 2019 to round $4.8 billion final yr and is predicted to exceed $5.3 billion in 2022.