Following a meeting between Saudi Deputy Crown Prince Mohammed bin Salman, Cisco Executive Chairman John Chambers, Cisco Chief Executive Officer Chuck Robbins and Cisco Saudi Arabia Managing Director Abdullah Al-Swaha, Cisco signed a Memorandum of Understanding (MoU) with the Saudi Ministry of Commerce and Investment that sets a roadmap for an accelerated pace of digital transformation in the Kingdom.
The MoU serves as a partnership framework and underlines Cisco’s strategic commitment in support of Saudi Arabia’s efforts to drive digital transformation at a country-wide level. Digitization will play an important role as the Kingdom focuses on diversifying its economy and achieving its ambitious “Vision 2030” agenda, launched last April.
“This partnership reflects the Saudi government’s priority focus on embracing digital transformation and capturing the many opportunities presented by country digitization,” said Dr. Majid bin Abdullah Al-Qasabi, Minister of Commerce and Investment for Saudi Arabia.
Through their partnering, Saudi Arabia and Cisco will identify a number of collaborative opportunities in areas that include developing national IT infrastructure, accelerating business innovation, stimulating startups and enhancing research and education.
John Chambers, Cisco’s Executive Chairman said, “The government and leadership have shown great appreciation of the importance of digitization as a pathway to prosperity and to the achievement of their vision. This lays a strong foundation for Kingdom’s success and we are honored to collaborate closely with them to realize the immense benefits that Saudi Arabia’s accelerated digital journey will deliver.”
