Saudi Arabia and Huawei will together strengthen the development of of the digital economy to seize the opportunity of 5G

According to Xinhua News Agency, Saudi Arabia and China’s Huawei have recently officially signed a memorandum of understanding and cooperation. The cooperation between the two parties aims to strengthen the development of Saudi Arabia’s digital economy and the training of information and communication technology talents, and help Saudi Arabia realize its “vision 2030”.

It is understood that Huawei will cooperate with the Saudi Communications and Information Technology Committee in areas such as knowledge exchange, human resource capacity building, and cooperation in the information and communications technology industry. In the future, Huawei will also share its global experience with the Committee and its officials in 5G, Training in emerging technology fields such as artificial intelligence and cloud computing.

In 2016, Saudi Arabia issued the “Vision 2030” and “National Transformation Plan”, hoping to gradually realize the diversification of the economic structure through the “two-wheel drive” of economic and social reforms. At present, Huawei has become an important partner of Saudi communications service providers. In the future, Huawei will also cooperate with many government departments and enterprises in Saudi Arabia to help Saudi Arabia’s digital transformation.

Some media commented that Saudi Arabia’s cooperation with Huawei to develop the digital economy will solve the current economic dilemma in Saudi Arabia. The world is currently in an accelerated period of commercial 5G development. The cooperation with Huawei will help Saudi Arabia seize the opportunity of 5G networks.