KUWAIT CITY, Dec 15: The Ministry of Finance has announced the signing of a memorandum of understanding (MoU) with Microsoft to focus on digital transformation, the development of financial and administrative systems, training, and the integration of artificial intelligence.

In a press statement on Sunday, the Ministry of Finance confirmed that the MoU was signed in Seattle, USA, by Aseel Al-Munifi, the Undersecretary of the Ministry of Finance, and Angela Hayes, Microsoft's Executive Vice President for the Public Sector.

The MoU outlines a schedule for developing financial systems and services, aiming to accelerate the digital transformation process by utilizing the latest global technologies, particularly artificial intelligence and cloud services. This agreement aligns with the Ministry's ongoing efforts to enhance its financial systems and improve services for government agencies.

Microsoft has expressed its full commitment to providing the necessary technical support to help the Ministry achieve its goals. During the visit, Al-Munifi met with Kirk Arthur, Microsoft's Director of Business Strategies for the Government Sector, who outlined the steps Microsoft has taken in its partnerships with government agencies worldwide.

The Ministry of Finance also revealed that joint workshops will be held between the Ministry and Microsoft's team to develop a cooperation plan. These workshops will define the necessary steps to achieve the Ministry's objectives for each program and identify the expertise required from Microsoft to provide technical support, implement the plans, and address any challenges within a clear and specific timeline.