On the sidelines of LEAP 2023, the Ministry of Communications and Information Technology (MCIT) launches the Saudi Fourth Industrial Revolution (4IR) Awareness Initiative under the National Industrial Development and Logistics Program (NIDLP).
This initiative aims to raise the level of awareness and adoption of various techniques of 4IR in NIDLP sectors, namely energy, mining, industry and logistics. Additionally, this will support and stimulate research, innovation and development and contribute to achieving economic and environmental sustainability.
Designed to translate Saudi Arabia’s Vision 2030 into action, the NIDLP focuses on transforming the Kingdom into an industrial powerhouse and a global logistics hub by leveraging the resources of sectors like mining and energy and focusing on the development of Industry 4.0.
As previously reported, investments in fourth industrial technologies are expected to reach $200 billion in the Kingdom, with value creation coming from improved efficiency and a reduction in cost over a 10-year period.
MCIT plans to transform Saudi Arabia’s economy based on technology, information, capabilities and skills, and it will bear fruit in the near future with huge investments in industrial facilities.
By the end of 2025, NIDLP aims to raise electricity generation efficiency by 40.8% and achieve a 70% operational utilization rate for port capacity, among other commitments.