Some 400 of the region’s top business executives, strategists and thought leaders are converging on the King Abdullah Economic City near Jeddah for the eighth gathering of Top CEOs under the auspices of Trends Magazine and the Insead Business School.
For the first time, to reflect the moves towards gender equality in Saudi Arabia’s workforce, the event will be preceded by the Arab Women Forum, a one-day gathering of top women executives, decision makers and professionals, as well as experts on women empowerment and business leadership, in partnership with Arab News.
Julien Hawari, co-CEO of Mediaquest which publishes Trends, said: “There is a profound paradigm shift under way in the region and its epicenter is Saudi Arabia. These changes are impacting all businesses and CEOs have to understand how it is affecting the government and private sectors.
“The other important transformation is the empowerment of women that will have a profound impact on the economy. These two events will explain how it will affect employment and growth,” he added.
The centerpiece of the two days of plenary gatherings, workshops and breakout sessions will be the announcement of the Top CEO Awards in the Arabian Gulf region, an annual rating of executive quality based on the financial performance of the leading companies on the region’s stock markets.
“These are the most credible and transparent awards the region produces, assessing companies and their CEOs that value grows, corporate governance and transparency,” Hawari said.
The women’s forum will discuss such issues as “value creation in the 21st century,” “reinventing the workplace and the power of parity”, and the “community based new economy.”
The Top CEO event will debate matters like “the execution challenge,”, “rethinking the ecosystem”, and “securing the future.”
Among the speakers at the two days of events are included Fahd Al Rasheed, CEO of Emaar the Economic City, Maliha Hashmi, head of strategic partnerships for the Public Investment Fund’s NEOM project, Tarek Elmasry, Middle East chief of McKinsey & Company, and Muna Abusulyman, media personality and goodwill ambassador of the United Nations Development Program.
Faisal Abbas, editor in chief of Arab News, said: “Given the raft of reforms underway in Saudi Arabia, there could not be a more appropriate and meaningful time to host such an event.”
Arab News has been taking a leading role in both reporting on the changes under way in the Kingdom and pointing out the clear need for women to play key roles in Saudi society, and the many challenges ahead. The conference aims to take this conversation forward - for the benefit of both Saudi Arabia’s female workforce and the wider society as a whole.”
Saudi business leaders, men and women, head to Jeddah for Top CEO summit
Saudi business leaders, men and women, head to Jeddah for Top CEO summit
- This is the first time the Top CEO event will be preceded by a conference dedicated to women
- Two days of discussion have been scheduled touching on women's progress in society and boardroom challenges
Artificial intelligence is transitioning into a ‘digital employee’
- AI can be an effective tool, business leaders tell Arab News
- Not about jobs, but ‘convergence of human capital and AI’
RIYADH: Artificial intelligence is fundamentally reshaping the world of work, transitioning from a supporting tool to an active partner that is radically changing the nature of professions and productivity standards.
Amidst the current global transformations, an active regional digital environment is emerging.
This is being led by Saudi Arabia through Vision 2030 and massive investments in smart infrastructure, providing a living model for studying the implications of this partnership between humans and machines on the future of work in the region.
Arab News spoke to various business leaders about the emerging shape of the sector.
Salem Bagami, co-founder of Metatalent, said the ideal relationship between humans and machines at work should be complementary and collaborative.
Humans would bring creativity, emotional intelligence, and complex decision-making, while machines excel at processing big data and performing repetitive, precise tasks.
He believes that this type of balanced partnership would lead to unprecedented productivity and innovation.
Mohammad Al-Jallad, chief technologist and director at HPE, said AI has gone beyond being merely an executive tool to becoming a “digital employee” entrusted with automating routine tasks and providing insights based on data analysis.
He believes that the real opportunity lies not in the debate over job replacement, but in “the convergence of human capital and artificial intelligence.”
AI should augment human teams by taking on menial and routine tasks, enabling employees to focus on critical thinking, creativity, and ethical reasoning, significantly improving operational results.
Bagami also emphasized the complementary nature of this partnership. “The ideal relationship between humans and machines at work is one of collaboration, where each complements the others.”
He explained that humans bring creativity, emotional intelligence, and nuanced decision-making, while machines excel at processing big data and performing repetitive tasks efficiently, leading to increased productivity and innovation.
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Salem Alanazi, chairman of Jathwa Technology Co., notes a significant trend among Saudi Arabia companies toward using AI applications to provide faster services to customers at lower costs.
The emergence of the “virtual employee” available around the clock has eliminated the need for some traditional jobs in specific sectors.
Alanazi warns that some companies’ reluctance to adopt AI may expose them to real risks. “All those who hesitated to benefit from AI applications have a lack of understanding of these technologies.”
He said those who adopt these technologies will be able to offer lower-cost, higher-quality services, which will affect the market position of companies that lag behind.
Ali Aljumhour, CEO of VALUE Consultancy, said that the transition of AI into a partner has reshaped the list of most in-demand skills in the job market.
Skills such as “prompt engineering,” “human-machine integration,” and “digital ethics” are becoming increasingly important.
He added that AI has become an instantly available “technical knowledge base,” shifting the criteria for professional distinction toward those capable of smart interaction with these technologies.
In terms of ethics, transparency, and trust, Alanazi points to the complexities of global AI governance, where legislation overlaps and evolves rapidly to keep pace with potential risks, particularly in the areas of cybersecurity and privacy.
Al-Jallad emphasizes this crucial dimension, noting that providing responsible and reliable AI solutions that meet the highest standards of transparency is a key priority, especially in regulated sectors.
Bagami believes there should be basic standards for the ethical use of Al, emphasizing the need for transparency, accountability, and fairness, along with using diverse data sets to prevent bias and protect privacy.
He believes that building trust between humans and machines requires clear explanations of how systems work, giving users the opportunity to provide feedback and conducting periodic performance reviews.
On performance evaluation, Aljumhour said: “I expect radical changes in standards, shifting from measuring individual effort to evaluating the quality of the partnership between humans and machines.”
There should be a focus on the quality of inputs provided to intelligent systems, the accuracy of review and modification, and complex decision-making based on outputs.
He warns, however, of new risks that may arise, such as over-reliance on AI or difficulty in determining responsibility for mistakes.
In the employment sector, Aljumhour expects fundamental changes in standards.
There will be questions and tests focusing on measuring skills in dealing with AI, such as asking candidates about their experiences of collaborating with these systems, or testing their ability to formulate effective requests for complex tasks.
Aljumhour identifies significant human challenges in this transition, with “fear, loss of power, and exclusivity of knowledge” being the biggest concerns for experienced employees.
