Buraidah Date Festival hosts exhibition on processing, manufacturing

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The Buraidah region is famous for its dates and holds an annual market that starts in August and lasts up to three months. (SPA)
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The Buraidah region is famous for its dates and holds an annual market that starts in August and lasts up to three months. (SPA)
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The Buraidah region is famous for its dates and holds an annual market that starts in August and lasts up to three months. (SPA)
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The Buraidah region is famous for its dates and holds an annual market that starts in August and lasts up to three months. (SPA)
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Updated 24 August 2019
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Buraidah Date Festival hosts exhibition on processing, manufacturing

  • Saudi Arabia has the highest number of date palm trees in the world, roughly accounting for 25 percent of the world’s date production

BURAIDAH: The Buraidah Date Festival is hosting an exhibition that focuses on date manufacturing, processing and byproducts, the Saudi Press Agency reported.
The exhibition looks at date byproducts such as molasses, dough, sugar, jam, chocolate and maamoul. There are also displays about investment opportunities.
The region is known for its agricultural value to Saudi Arabia. In Buraidah, agriculture is still the cornerstone of the economy.
The Buraidah region is famous for its dates and holds an annual market that starts in August and lasts up to three months. It is the biggest date market in the world in terms of supply, and offers more than 30 varieties.
The festival is supervised by authorities in the Kingdom’s central Al-Qassim region and features events and activities for all ages. It has attracted the participation of entrepreneurs.
It is also a lifeline for thousands of farmers and young people who depend on the income generated from date farming.

HIGHLIGHT

Buraidah is the capital of Al-Qassim region in the heart of the Arabian Peninsula. The region is known for its agricultural value to Saudi Arabia. In Buraidah, agriculture is still the cornerstone of the economy.

Saudi Arabia has the highest number of date palm trees in the world, roughly accounting for 25 percent of the world’s date production.
The Qassim region hosts more than 8 million palm trees, which produce 205,000 tons of luxury dates annually that are exported regionally and internationally.
The annual date festival is an important place to source products including syrup, paste and gift boxes that are used throughout the year.
The Ministry of Water, Environment and Agriculture encourages date farming, allocates land, helps farmers purchase equipment and provides farmers with access to long-term loans through the Saudi Arabian Agricultural Bank.


Leading AI company to partner with Saudi Arabia, CEO tells Arab News

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Leading AI company to partner with Saudi Arabia, CEO tells Arab News

  • Argentum’s Andrew Sobko: ‘Very easy’ to build new infrastructure, data centers in Kingdom
  • In 2024, Saudi Arabia announced $100bn plan to establish AI hub

CHICAGO: The founder and CEO of Argentum AI, one of the world’s leading artificial intelligence companies, has told Arab News that he is looking forward to partnering with Saudi Arabia.

Ukrainian-born Andrew Sobko, based in Chicago, said Crown Prince Mohammed bin Salman has made a significant commitment to AI use.

In 2024, Saudi Arabia announced a $100 billion plan under Vision 2030 to build a hub to develop technology and data centers to handle a significant portion of the world’s AI workload.

The Kingdom reportedly expects AI to contribute more than $135.2 billion to its gross domestic product by 2030, representing roughly 12.4 percent of its economy.

“The US still is the kind of core leader of this AI innovation, development and infrastructure, but we quickly realized that Saudi Arabia sees this as an important asset class, not just as an innovation,” Sobko said.

“They’re deploying tons of capital. If you try to build some new infrastructure or data center, it’s very easy to do it in Saudi Arabia,” he added. “Saudi Arabia realizes and sees this compute as almost like a second asset class after oil.”

The term “compute” refers to the process of calculations that fuels AI development and applications in everyday use.

“The Middle East wants to be one of the largest exporters of compute. They realized that a couple of years ago and they’re aggressively expanding,” Sobko said, adding that AI is being used more and more in industries such as sports, in which Saudi Arabia has invested heavily.

Argentum AI recently added Majed Al-Sorour, CEO of the Saudi Golf Federation, to its board.

“Majed is also a huge believer in AI and AI infrastructure,” said Sobko. “With the help of Majed, we’re focusing on global expansion. He’s leading charge on that.”

Sobko said the challenge is not simply recognizing the importance of AI, but the ability to power data centers that it requires, and Saudi Arabia recognizes that need.

“If you secure a significant amount of power and you have data center capacity, you can actually control this kind of compute and AI,” he added.

“And the biggest bottleneck to continue expanding as we enter into this new age of robotics industry, it needs a lot more compute.”

Following meetings with US leadership, including President Donald Trump last November, Saudi Arabia secured agreements on AI technology transfers, aiming to avoid reliance on other nations’ systems.