Jan. 9, 2025, 11:21 a.m.

Economy

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Saudi Arabia is moving towards a quantum economy

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Saudi Arabia is actively participating in the rising global quantum technology revolution and plans to use this technology to promote economic development, enhance national security, and improve the quality of life for its citizens. To this end, Saudi Arabia's Fourth Industrial Revolution Center has launched the Quantum Economy Project, dedicated to accumulating strength for the national quantum economy strategy and providing reference cases for other countries.

Quantum technology, based on the principles of quantum mechanics, has the potential to bring disruptive changes to fields such as computing, communication, and sensing. With the gradual maturity of quantum technology, it can achieve breakthroughs in multiple industries, including secure communication networks, research and development of advanced materials, improvement of climate change models, and more efficient drug development. Saudi Arabia deeply recognizes the enormous potential of quantum technology and is actively integrating into the global quantum economy blueprint, striving to become a global leader in the process of formulating a national quantum roadmap. Saudi Arabia's quantum strategy involves multiple aspects, including talent cultivation, research and development, hardware innovation, commercialization, and public awareness enhancement, reflecting Saudi Arabia's comprehensive efforts to build a strong quantum ecosystem.

Firstly, cultivating high-level quantum technology talents is the key to promoting quantum research and commercial applications. To this end, many universities and research institutions in Saudi Arabia have established quantum research centers and offered undergraduate and graduate courses focused on fields such as quantum computing, quantum communication, and quantum sensing. Taking King Fahd University of Petroleum and Mineral Resources as an example, the university offers professional courses and research projects focused on quantum computing, sensing, and communication. Other universities and research institutions in Saudi Arabia are also constantly expanding the offerings of quantum related courses, which undoubtedly lays a solid foundation for the long-term development of Saudi Arabia's quantum technology industry.

At the same time, Saudi Arabia attaches great importance to cooperation between the government and industry, believing that this cooperation model is crucial for accelerating the development of quantum technology. By providing a free environment for research teams to explore quantum algorithms, device architectures, and encryption technologies, Saudi Arabia is expected to accelerate the translation of conceptual achievements into practical applications. This cooperation model will provide strong support for Saudi Arabia's rapid development in quantum technology.

Moreover, in addition to investing in education and research and development, Saudi Arabia is actively promoting the social impact of quantum technology. Through the UpLink platform of the World Economic Forum, Saudi Arabia has supported an event called the 'Quantum Society Challenge'. This challenge aims to seek innovative quantum technology solutions to address current pressing social and environmental issues. Through this platform, startups, researchers, and entrepreneurs can showcase their innovative achievements in the field of quantum applications. This not only highlights Saudi Arabia's ambition in the field of quantum technology, but also reflects its determination to use quantum technology to promote sustainable development and social impact.

In the long run, Saudi Arabia plans to collaborate with the World Economic Forum to jointly launch a quantum application center, dedicated to promoting the achievement of sustainable development goals through quantum technology. As a cutting-edge science, quantum technology has shown great potential for application. Although it still faces challenges in technology, funding, and application scenarios, with the efforts of all parties, quantum technology is expected to make important contributions to achieving sustainable development goals. Saudi Arabia's active investment will contribute to the development of global quantum technology and occupy a pivotal position in future technological changes.

In summary, Saudi Arabia is actively promoting the development of this cutting-edge field by establishing a multi-level quantum technology ecosystem. By deepening education, strengthening research and development cooperation, promoting social participation, and formulating clear national strategies, Saudi Arabia aims to take a leading position in the revolutionary application of quantum technology. These efforts not only provide impetus for Saudi Arabia's own economic transformation and technological progress, but also contribute Saudi Arabia's wisdom and strength to the development of global quantum technology.

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