COMEX seeks to integrate technology with Oman’s economy

Energy Monday 18/March/2019 16:25 PM
By: Times News Service
COMEX seeks to integrate technology with Oman’s economy

Muscat: With the aim to highlight how smart cities are the key to ensure a sustainable global competitive edge and assure greater quality of life for citizens, around 30 speakers and experts from different national and international entities will take part in a two-day summit held in Oman.

They will discuss how smart cities can help further develop the Sultanate’s economy.

The 'Smart Cities and Industry 4.0 Summit,' began on Monday as part of the COMEX exhibition. It featured live sessions and workshops on topics such as blockchain, artificial intelligence (AI), Internet of Things (IoT), smart cities, cybersecurity, cloud computing, cyber-physical systems and cognitive computing.

Inaugurated under the patronage of Tareq Sulaiman Al Farsi, CEO of Al Raffd Fund, and in the presence of Dr Salim Bin Sultan Al Ruzaiqi, CEO of ITA, the summit began by discussing how AI and the Internet of Things could help advance the national economy.
The summit also featured a series of special panel discussions around key topics, exploring the potential of the two technologies across various industries in Oman.

The summit aims to highlight how smart cities are the key to ensure a sustainable global competitive edge and assure an inclusive and greater quality of life for citizens. Industry 4.0 has impacted processes across industries and in turn human lives.

The first day of the summit commenced by a keynote addressed by Ibrahim Talib Al Wardi, Director General of eServices at ITA, at which he affirmed that Oman is fully ready for Smart Cities’ investments with great concern and national priority given to plan, build and develop sustainable cities as part of Oman Vision 2040.

He also added: “Oman’s achievements in digital transformation aim to transfer Oman into a sustainable knowledge community through leveraging ICT to enhance government services, enrich business sector and empower individuals.”

Regarding IoT smart solutions, Dr. Riyadh Moosa, CEO of iNNOVATEQ, Oman, presented ‘Nibras’, which is an Omani solution that has been developed in Petroleum Development Oman (PDO) over the last 10 years to deploy the concept of 'Exceptional Based Surveillance' for petroleum asset management. As stated, ‘Nibras’ has become the nervous system of PDO delivering world-class operational efficiency and huge business value.

The first day of presentations discussed the power of IoT combined with AI, its impact on business, digital industrial transformation and machine learning, examined convergence between IoT and other technologies, benefits and challenges of using AI and methods to unblock real potentials of the 4th Industrial Revolution.