Jessica Roberts

RIYADH, Jan 31 — Saudi Arabia has brought into force a long-awaited law allowing non-Saudis to own real estate in the Kingdom, a move authorities say is aimed at attracting foreign investment and supporting economic diversification under the Vision 2030 reform programme.

Roughly 70% of top executives believe artificial intelligence (AI) will transform the way their organizations create value over the next three years, according to a survey by consulting firm PwC published earlier this year. In PwC’s report, it projects AI technology will add a whopping $15.7 trillion to the global economy by 2030. Events like the dot-com boom and bust in the late 1990s and early 2000s suggest that picking winners and losers in new industries like AI won’t be easy.