Riyadh - Sharikat Mubasher: Asas for Developing and Operating Industrial Cities, a subsidiary of the Saudi Saudi Authority for Industrial Cities and Technology Zones (Modon), signed a memorandum of understanding (MoU) with Takween, a startup originating from King Abdullah University of Science and Technology (KAUST), to develop and provide artificial intelligence (AI) strategies and innovative solutions.

The agreement, which was signed during the Global AI Summit, aims to enhance the Saudi industrial cities ecosystem by boosting the efficiency of industrial cities and enhancing digital infrastructure, according to a recent statement.

This partnership targets empowering and supporting industrial investors and entrepreneurs in Saudi Arabia and highlights the pivotal role of KAUST startups in realizing the goals of the Saudi Vision 2030.

The third edition of the Global AI Summit takes place in Riyadh from 10 to 12 September, gathering global figures, economic policymakers, and artificial intelligence (AI) specialists from 100 countries.

It aims to tackle challenges in AI development and address several issues such as human capacities, technical infrastructure, ethics, bias and fairness, national security, information security, and the economic and social impacts of AI.