RIYADH: The robot technologies sector in Saudi Arabia experienced a remarkable growth of 52% in commercial records registered across various regions, reaching 2,344 by the end of the second quarter of 2023. This significant increase reflects the country’s commitment to developing and embracing emerging technologies.
According to the Ministry of Commerce’s business sector bulletin, Riyadh emerged as the leader among Saudi cities in terms of issuing commercial records for the robot technologies sector, with 1,387 records issued in the second quarter of 2023. Makkah followed closely with 491 commercial records, while the Eastern Region issued 269 records during the same period. Additionally, Madinah and Qassim contributed with 76 and 32 commercial records for the sector, respectively.
Robotics as Promising Sector in Saudi Arabia
Robotics is identified as a promising sector in Saudi Arabia, aligning with the goals outlined in the country’s Vision 2030. The Vision highlights the importance of fostering technological advancements and innovation, with sectors like robotics, cybersecurity, artificial intelligence (AI), logistics services, arts and entertainment, travel, tourism, and conferences identified as key opportunities for the business sector.
These thriving sectors are experiencing substantial growth, providing both local and foreign businesses with opportunities for expansion and partnership development. Saudi Arabia’s focus on emerging technologies and its commitment to creating a supportive business environment are attracting investments and driving the country’s technological advancement.
The surge in commercial records for the robot technologies sector reflects Saudi Arabia’s determination to position itself as a leader in technological innovation and highlights the country’s ongoing efforts to diversify its economy. As the Kingdom continues to embrace emerging technologies, it aims to harness their potential to drive economic growth, job creation, and overall prosperity in line with Vision 2030.
