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Saudi Arabia’s Ministry of Communication and Information Technology (MCIT) has inked a Memorandum of Understanding (MoU) with KPMG Al Fozan & Partners. Both parties signed the MoU in the presence of H.E. Eng. Haytham Al-Ohali, Vice Minister of Communications and Information Technology.

The MoU with KPMG, a trusted provider of audit, advisory, and tax services in the Kingdom, is expected to help the Saudi government bolster its capabilities in the fast-evolving domains of advanced data analytics and Artificial Intelligence (AI).Through the MoU, KPMG is essentially reiterating its commitment toward building an Innovation and Insights Center focused on said domains in the country. This center will represent the crucial aspects of KPMG’s broader strategy for leveraging data and analytics.

Additionally, the center will also double-up as the gateway for critical digital services across the country. To help accomplish said objectives, KPMG will be providing deserving candidates with job and training opportunities in AI, data analytics, and digital transformation solutions.

Worth noting here is that the MCIT plans over the next 2 – 3 years include a heightened focus on the building of human capital, in addition to the creation of more job opportunities within the ICT sector in the fast-growing fields of AI, robotics, and the Internet of Things.

Speaking of the importance of the new collaboration between the MCIT and KPMG, the chairman of KPMG (the Middle East and South Asia), said that the agreement would essentially complement the Kingdom’s Vision 2030 and the National Transformation Program by establishing it as a hub for ICT innovation and services.