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Industry and Mineral Resources Minister Bandar Al-Khorayef said any replacement of advanced technologies (and artificial intelligence) in place of humans will come at the expense of expatriate workers in the Kingdom and not at the expense of the Saudi workforce.
Al-Khorayef said during a dialogue seminar with the chairman of the Financial Markets Authority on the industrial sector and financial market listing, that the Kingdom is not only anxious to be an importer of technology, but also to being an exporter, indicating that the challenge in the world currently is the workforce.
He indicated that the Kingdom will not feel the challenge of replacing people with technology, as it will come at the expense of expatriate workers and not local workers, indicating that the role of citizens and citizenship will be creativity and development. of these industries.
He stressed that the ministry, since its establishment about a year ago, has made many efforts, in cooperation with the concerned authorities, to support and develop the industrial sector in the Kingdom, stressing that the main challenge in this sector is the need for permanent funding and that the financial market in one of its aspects provides and facilitates this issue.
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