It is clear that robots play a central role in Saudi Arabia's Vision 2030, a comprehensive reform program aimed at diversifying the nation's economy and reducing its reliance on oil revenues through technological innovations. In order to achieve the key objectives of this vision, the use of robotics and automation is pivotal. A major contribution of these companies to economic diversification can be attributed to their ability to boost efficiency and innovation across industries, especially in manufacturing, construction, and healthcare.. Additionally, they play an important role in creating jobs by ensuring that a skilled workforce is available to operate and maintain the automated systems.. As a result of leveraging robotics in healthcare and education, Saudi Arabia can improve the quality of life for its citizens, which is in line with Vision 2030's objectives. It is also important to note that embracing advanced technologies positions Saudi Arabia as a global player in innovation and technology, thereby enhancing its global competitiveness, in line with its ambition for a more competitive economy as set out in the Vision.
It is also important to note that embracing advanced technologies positions Saudi Arabia as a global player in innovation and technology, thereby enhancing its global competitiveness, in line with its ambition for a more competitive economy as set out in the Vision.
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An opportunity exists:
It is estimated that the Saudi Arabian artificial intelligence and robotics sector will contribute $135 billion to the country's economy by 2020.There are 2 billion, which is equivalent to 12 billion dollars.By 2030, PricewaterhouseCoopers estimates that the sector will represent 4 percent of the country's GDP. Over the next five years, the government is actively pursuing initiatives such as automating 4,000 manufacturing plants over the course of that time period. Furthermore, the Kingdom's recent logistical strategy underscores the importance of integrating robotics and artificial intelligence into smart city projects, including the NEOM project, as part of its logistical strategy. In order to facilitate the adoption of robotics in Saudi Arabia's economy, the country has undertaken numerous initiatives. It is expected that AI and automation contributions to the sector will grow at an average annual rate of 31 percent between 2018 and 2030, according to the projections. Due to the increasing capabilities of these technologies, robots and robotic-assisted systems are increasingly taking on more complex tasks, alleviating the burden on workers and simultaneously enhancing the quality of medical care and health outcomes in a fully automated manner.
Due to the increasing capabilities of these technologies, robots and robotic-assisted systems are increasingly taking on more complex tasks, alleviating the burden on workers and simultaneously enhancing the quality of medical care and health outcomes in a fully automated manner.
Attractiveness to the market:
Using robotics in a variety of sectors may be able to achieve significant cost reductions, freeing up human labor to focus on more strategic endeavors as a result of the integration of robotics. The result will be improved customer service, a positive corporate image, and a better employee experience, ultimately enhancing the customer journey and creating moments that will make your brand more memorable. For robotics companies in Saudi Arabia to be successful, they must initiate educational efforts aimed at enlightening businesses about the cost-saving benefits of automation, and motivating them to embrace AI-driven solutions as part of their business model. Furthermore, even startups within the Kingdom should be willing to take calculated risks and present innovative automation concepts in order to attract investment, so that they can position themselves as pioneers in their field of expertise.. In reality, Saudi startups are known for their groundbreaking solutions, and the kingdom is set to witness a significant increase in robotics investments in the next two years, with expectations that this amount will surpass $150 million, due to the rapid development of smart cities and the wave of digital transformation that is gaining momentum at the same time.
In reality, Saudi startups are known for their groundbreaking solutions, and the kingdom is set to witness a significant increase in robotics investments in the next two years, with expectations that this amount will surpass $150 million, due to the rapid development of smart cities and the wave of digital transformation that is gaining momentum at the same time.
Amount of investment:            
As reported by the Minister of Commerce, there has been a 52 percent increase in the number of robotics companies registered in the Kingdom, reaching 2,344 in the second quarter of 2023, compared to 1,537 in the same period of the previous year.. With 1,387 registrations, Riyadh led the way, followed by Makkah with 491 registrations, the Eastern Province with 269 registrations, Madinah with 76 registrations, and Qassim with 32 registrations.. Aramco's investment subsidiary, Prosperity7, has recently invested $150 million in the Chinese startup Jaka Robotics, indicating a keen interest from Saudi venture capital firms in the robotics sector, as evidenced by its investment in the Chinese startup Jaka Robotics. The Saudi Excellence Company was established in 1988.. A joint venture between Saudi Arabia and the US-based robotics firm Nala Robotics has also been established in order to establish Saudi Arabia's first AI-powered robotic cloud kitchen. There is a growing demand for industrial and service robots in the region, and the market is expected to reach $4 billion by 2025, with the industrial Internet of Things devices expected to reach $1 billion by 2025.In the amount of $5 billion. In response to the Kingdom's burgeoning development of smart cities and digitalization within the next two years, it is expected that robotics investments will exceed $150 million in the next two years.. Taking a broader regional perspective, the Middle East has the potential to attract investments in robotics worth up to $125 billion by 2025, focusing on manufacturing technology hardware solutions.
Taking a broader regional perspective, the Middle East has the potential to attract investments in robotics worth up to $125 billion by 2025, focusing on manufacturing technology hardware solutions.
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A recent development is as follows:
It has been announced that Collins Aerospace has signed a memorandum of understanding with SRB Aerial Systems Limited in February 2023.For the Kingdom of Saudi Arabia, the Company will work together on the research, development, and deployment of unmanned aerial systems and robotics. Using Collins Aerospace's extensive experience in integrating Unmanned Aerial Systems (UAS), as well as its capabilities in radio communication, mission systems hardware and software, and sensor design, Collins Aerospace will be able to contribute to the development of UAS sovereign capabilities within the nation.. As a result of this partnership, Saudi Arabia is aligning itself with its Vision 2030, a strategy aimed at promoting locally owned and manufactured products.. It should be noted that in March 2023, Wave Lifestyle Tech, a South Korean food tech robot company, forged an agreement with the Saudi government to expand its robot-based services, starting with the food industry, as part of the Saudi government's broader digital transformation agenda.. As part of its commitment to support Wave's joint ventures and investment prospects in the region, the ministry has underscored the collaborative efforts being made to drive technological advancements in a variety of areas.
As part of its commitment to support Wave's joint ventures and investment prospects in the region, the ministry has underscored the collaborative efforts being made to drive technological advancements in a variety of areas.
We would like to introduce ourselves to you as follows:
Several comprehensive reports have recently been released by Infinium Global Research, a leading provider of market research in Saudi Arabia, which analyzed several markets in detail. These reports provide a detailed analysis of various segments and sub-segments within the Saudi Arabian market. Furthermore, it sheds light on how drivers, restraints, and macro-indicators have an effect on both short-term and long-term market dynamics. There is a comprehensive analysis of trends, forecasts, and dollar values provided in the reports.
Infinium has published reports across robotics domains operating for Clients in Saudi Arabia for clients in the areas such as Cloud Robotics Market, Warehouse Robotics Market, Nanorobotics Market, Service Robotics Market, Food Robotics Market, Modular Robotics Market, Medical Robotic Systems Market, etc.
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