Saudi Arabia to display AI-powered smart city technology in Spain 

The Smart City Expo World Congress held in Barcelona from Nov. 7-9. Shutterstock.
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Updated 06 November 2023
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Saudi Arabia to display AI-powered smart city technology in Spain 

RIYADH: Saudi Arabia will showcase its achievements in building smart townships at a global event in Spain through the participation of its artificial intelligence authority.   

According to the Saudi Data and Artificial Intelligence Authority, it will display its AI expertise at the Smart City Expo World Congress to be held in Barcelona on Nov. 7-9.   

Essam Al-Wagait, director of the National Information Center, will shed light on SDAIA’s contributions in deploying the latest technologies to enhance the quality of life of the Kingdom’s residents.   

As a global event partner, SDAIA will also demonstrate its commitment to aligning with the UN’s sustainable development goals and achieving the objectives outlined in Saudi Vision 2030.   

The authority will showcase its efforts in the field of digital transformation, including the national smart cities platforms — Sawaher and Baseer.

The event will feature sessions on transforming cities through AI, with participation from Yasser Al-Onaizan, deputy CEO of the National Center for Artificial Intelligence at SDAIA, along with other industry experts.  

Among them are Christina Yan Zhang, CEO of the Metaverse Institute, and Patricia Molina, who serves as the director of city, territory, and environment at TECNALIA. Additionally, Greg Wilson, who holds the position of worldwide public sector government chief technology officer at Microsoft, and Charbel Aoun, the director of smart city and spaces at NVIDIA. 

Another session, titled “Smart Governance Responding to Citizen’s Needs,” will feature Sattam Al-Subaie, CEO of the Smart City Excellence Center at SDAIA, along with other distinguished speakers.  

In a separate session focusing on the evolution of modern urban living, experts will emphasize the importance of creating comprehensive ecosystems that cater to the varied needs and aspirations of urban populations. 

The Smart City Expo World Congress is one of the largest and most influential gatherings dedicated to urban innovation and cities, with more than 25,000 multi-sectoral participants from 140 countries. 


Closing Bell: Saudi main index closes in red at 10,847

Updated 25 February 2026
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Closing Bell: Saudi main index closes in red at 10,847

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 58.51 points, or 0.54 percent, to close at 10,847.93.

The total trading turnover of the benchmark index was SR3.78 billion ($1 billion), as 73 of the listed stocks advanced, while 187 retreated.

The MSCI Tadawul Index decreased, down 7.09 points or 0.48 percent, to close at 1,472.98.

The Kingdom’s parallel market Nomu lost 178.75 points, or 0.77 percent, to close at 22,916.83. This comes as 30 of the listed stocks advanced, while 37 retreated.

The best-performing stock was the Power and Water Utility Co. for Jubail and Yanbu, with its share price surging by 8.47 percent to SR31.24.

Other top performers included Saudi Paper Manufacturing Co., which saw its share price rise by 6.13 percent to SR53.70, and Jamjoom Pharmaceuticals Factory Co., which saw a 4.58 percent increase to SR137.

On the downside, the worst performer of the day was CHUBB Arabia Cooperative Insurance Co., whose share price fell by 5.14 percent to SR17.53.

Saudi Kayan Petrochemical Co. and Arabian Internet and Communications Services Co. also saw declines, with their shares dropping by 4.87 percent and 4.43 percent to SR4.88 and SR181.40, respectively.

On the announcement front, Saudi Kayan Petrochemical Co. announced its annual financial results for 2025, with sales dropping 3.06 percent year-on-year to SR8.45 billion. The company also recorded a net loss of SR893.86 million.

In a Tadawul statement, the company said the net loss and decline in annual sales were driven by a drop in average selling prices, despite higher sales volumes.