Riyadh | Lulu Group Chairman MA Yousafali said that only those who adopt new trends in the field of modern technology, including artificial intelligence, will be able to succeed in the future. He was speaking at a panel discussion as part of the Global Investment Summit in Riyadh.
The post-Kovida commercial and industrial world is changing. Consumers want the best products and services. More demand for locally produced products. The Lulu Group is moving towards modern technology, including artificial intelligence. In addition, more dark stores have been set up in various Gulf countries to expand e-commerce operations. Yusufali added that there is a huge demand for healthy products from consumers during the Kovid era.
Saudi bin Dawood Holding Chief Executive Ahmed bin Dawood, Al Shaya Group CEO John Haddon and Noon CEO Faraz Khalid also attended the discussion. Arab Net CEO Omar Christidis was the moderator.
The conference, overseen by the Saudi Crown Prince, will be attended by about 300 dignitaries from around the world. Investment in Saudi Arabia and post-Kovida challenges will be discussed. More than 5,000 people are expected to attend the conference, which runs until the 28th of this month, at the Ritz Carlton in Riyadh. The main topics of discussion will be Artificial Intelligence, Robotics, Education, Health and Environmental Sustainability. Various announcements will also be part of this. Changes in Saudi Arabia’s major tourism sector will also be announced. The Future Investment Initiative was formed by the Saudi Crown Prince to bring global investors to Saudi Arabia.
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