Generative AI (genAI) is projected to boost Saudi Arabia’s GDP by US$42.3 billion through enhanced productivity and automation, according to a report by the Saudi Data and AI Authority (SDAIA) and Accenture.
The technology could impact 37% of working hours, automating 22% and increasing efficiency by 15%. While labor-intensive jobs remain largely unaffected, highly skilled roles in finance and IT are set for significant transformation, with finance tasks showing 73% potential for automation or augmentation.
The insurance and financial services sectors are expected to see the greatest changes, including automation in claims processes and fraud detection.