Saudi’s Amaala inks deal with government entity to attain technology goals

By Amirtha P S, Trainee Reporter
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Amaala
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The luxury tourism project along the Red Sea in Saudi Arabia, Amaala has joined forces with the Saudi Federation for Cyber Security, Programming and Drones (SAFCSP) to utilize emerging technologies in artificial intelligence (AI) and strengthen its cybersecurity framework.

Under the agreement, the Public Investment Fund (PIF) backed project, Amaala will leverage its AI, drones and computer programming, the entities stated in a joint statement.

Adoption of technology is an integral part of realizing the ambitions of the project and the partnership will help Amaala to explore and adopt ground-breaking technologies, from AI to the Internet of Things to ensure it is ready for the future, John Pagano, Amaala’s chief executive stated.

Located along Saudi Arabia’s north-western coast, Amaala borders the city of Neom and the Red Sea Project within the Prince Mohammed bin Salman Natural Reserve. The development named the ‘Riviera of the Middle East’, will consist of 2,800 hotel rooms and 900 private residential villas along with a retail area with 200 outlets.

Even though the initial funding for the project is not revealed yet, the fund will be provided by the kingdom’s sovereign wealth fund PIF. The project has a target completion date of 2028 and is expected to generate up to 22,000 jobs for the kingdom.

The latest deal is following the kingdom’s efforts in building and empowering national capabilities in various technical fields, Muteb Alqany, chief executive of SAFCSP, stated.

In addition to providing the joint training opportunities, the agreement will form the basis of continued growth through scientific research which will help to upgrade capacities in the fields of cybersecurity and technology, SAFCSP said in a statement.

The mega-project will also feature an academy of the arts that targets to further support young artists from Saudi Arabia and the broader region. The 3,000 square kilometer development, which will be spread across the three sites, will have its airport and target luxury travelers.

Also Read: Saudi’s PIF launches Soudah Development Company; $3bn tourism projects in pipeline

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