BUSINESS CHIEF - DECEMBER 16, 2017
Saudi Arabia and China have activated a memorandum of understanding to develop a ‘digital silk road’ in a bid to boost trade between the two countries through the development of smart cities. The announcement was made by Dr. Mohammed Al-Mishaigeh, undersecretary of the Ministry of Communications and Information Technology for Saudi Planning and Development during a Saudi delegation’s participation in the World Internet Conference, which concluded recently in Wuzhen City in China. The terms of the MoU signed in January 2016 – intended to promote trade while leveraging China’s expertise in building smart cities – have been activated after a meeting between a Saudi delegation and the National Development and Reform Commission. The Saudi delegation also visited the Huawei Research Center in Shanghai while they were in China, where they learned about the latest technologies in infrastructure, smart cities and the Chinese experience in enabling the digital economy.