Tuesday, 02 January 2024 12:17 GMT

Deloitte And KAUST Join Hands To Explore AI Applications In Saudi Arabia


(MENAFN- Mid-East Info) Partnership will focus on research, education, and real-world AI solutions to help advance Vision 2030


Jeddah, Saudi Arabia: Deloitte Middle East and King Abdullah University of Science and Technology (KAUST) have signed a Memorandum of Understanding (MoU) to launch a new collaboration that will bring together Deloitte Middle East's AI Institute and KAUST's research ecosystem to advance the role of artificial intelligence in the Kingdom and across the region.

The agreement aims to create a platform where scientific breakthroughs in AI can meet business applications, ensuring that cutting-edge research is not confined to academic circles but instead finds its way into industries, markets, and communities across Saudi Arabia. Through this partnership, Deloitte and KAUST will jointly develop projects that address some of the most complex AI challenges, while also focusing on preparing the next generation of AI talent through lectures, workshops, internships, and exchange opportunities.

At the heart of the collaboration is the idea that innovation is only meaningful when it is shared. The two entities will be working on knowledge transfer through joint seminars and conferences, with the ambition of commercializing new AI models and intellectual property that come out of the projects. There will also be a focus on policy and governance, looking closely at the ethical implications of AI technologies and their social impact in the Kingdom.

Deloitte brings the global experience of its AI Institute, which has already been established as a hub for AI innovation in other parts of the world. By adapting this model specifically for Saudi Arabia, Deloitte will work with KAUST to ensure that the collaboration aligns with the national priorities of Saudi Vision 2030, which places technology, sustainability, and human capital at the centre of economic transformation.

Sultanbek Khunkaev, Partner at Deloitte Middle East, said:“At Deloitte, we believe that Artificial Intelligence is not only reshaping industries but also creating entirely new ways of thinking about the future of work, education, and society. By partnering with KAUST, we are combining global expertise with local knowledge to accelerate innovation in Saudi Arabia. This MoU marks the beginning of a series of collaborations we intend to build across the region, each one focused on ensuring that the transformative power of AI is put to work for real societal and economic outcomes.”

Professor Gianluca Setti, Dean of the Computer, Electrical and Mathematical Sciences and Engineering Division at KAUST, said“This agreement with Deloitte reflects KAUST's commitment to building partnerships that extend the reach of our research and innovation. By joining forces, we aim to accelerate the development of responsible AI solutions and create new opportunities for talent and knowledge exchange that support Saudi Arabia's leadership in AI and contribute to both national and global priorities.”

The partnership will not be confined to laboratories or classrooms. Industry-specific solutions will be developed in areas where AI can make an immediate difference, whether through health, finance, energy, or logistics, and benchmarking work will help to create best practices for adoption. Families of initiatives will grow from the MoU, with both partners committed to developing strategies that can be scaled beyond the Kingdom.

The Deloitte AI Institute has been established globally as a centre where research and real-world business applications intersect, and this agreement represents the first step in bringing that same formula to Saudi Arabia in a way that matches the scale and ambition of Vision 2030. For Deloitte, it is a continuation of a broader journey that is focused on working with the region's most forward-looking institutions to accelerate the adoption of innovation. For KAUST, it is a way to bring its academic strength, its research capacity, and its culture of scientific excellence closer to the economic transformation goals of the Kingdom.

As Saudi Arabia looks ahead to the next phase of Vision 2030, this partnership between KAUST and Deloitte will stand as a practical example of how science, business, and education can come together, not only to advance AI but to ensure that its benefits are felt across society. The signing of the MoU is just the beginning of a shared journey, one that aims to connect global expertise with local vision, creating new opportunities for research, for innovation, and for the people who will carry this work forward.

About Deloitte & Touche (M.E.) LLP:

Deloitte & Touche (M.E.) LLP (“DME”) is the affiliate for the territories of the Middle East and Cyprus of Deloitte NSE LLP (“NSE”), a UK limited liability partnership and member firms of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”).

DME is a leading professional services organization established in the Middle East region with uninterrupted presence since 1926. DME's presence in the Middle East region is established through its affiliated independent legal entities, which are licensed to operate and to provide services under the applicable laws and regulations of the relevant country. DME's affiliates and related entities cannot oblige each other and/or DME, and when providing services, each affiliate and related entity engages directly and independently with its own clients and shall only be liable for its own acts or omissions and not those of any other affiliate.

DME provides services throughout 23 offices in 15 countries with more than 7,000 partners, directors and staff.

About Deloitte:

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the“Deloitte organization”). DTTL (also referred to as“Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm sand related entity is liable only for its own acts and omissions, and not those of each other. DTTL, NSE and DME do not provide services to clients.

Deloitte provides Audit & Assurance, Tax & Legal and Consulting and related services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories.

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