Microsoft, along with its partners and cloud-utilizing customers, is projected to generate approximately $24 billion in additional revenue above the 2022 figures over the next four years, according to a recent study from IDC.
The same research indicates that by 2026, Microsoft’s partner ecosystem will earn roughly $8 for every $1 of revenue generated by Microsoft’s cloud services. This presents significant opportunities for partners in the Kingdom to enhance their revenues, increase local content contributions, and expand their customer bases.
Emphasizing education and training
Speaking at a recent technology seminar at the Jax Club in Diriyah, Zainab Alamin, Microsoft’s vice president in Saudi Arabia, highlighted the company’s collaboration with the Ministry of Communications and Information Technology to train students in computer work, cloud computing, and artificial intelligence (AI). Additionally, Microsoft plans to establish a center of excellence dedicated to developing human capacity and preparing students for future employment opportunities. This announcement was also shared on LinkedIn by Mohammed AlQahtani, CEO of Saudi Arabia Holding Company.
Future of AI in Saudi Arabia
Alamin discussed the future of AI in the Saudi market and the interest of international companies in investing in this vital sector. She highlighted that over the past year, more than 60,000 teachers received training in AI generation in collaboration with the Ministry of Education. Additionally, she noted a unique partnership between Microsoft and Musk focused on training and virtual work experiences.
Attracting international partners
Microsoft is actively working to attract innovative international partners to the Saudi market and connect them with local customers, in cooperation with the Saudi Ministry of Investment. This initiative further aligns with the advancements Saudi Arabia has made across various technology sectors, creating a promising environment for investment.
Collaborations for technological advancement
Furthermore, Microsoft collaborates with the Saudi Ministry of Communications and Information Technology, the Communications, Space & Technology Commission, and local chambers of commerce through advisory groups from both the public and private sectors. This collaboration aims to address challenges and facilitate the adoption of modern technologies.
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