Saudi Arabia Says It Will Invest $14.9B in AI

By investing about $15 billion in cutting-edge AI-powered initiatives, the Kingdom of Saudi Arabia, in collaboration with leading global tech companies, creates the ideal environment for domestic AI development.Saudi Arabia received $14.9 billion in investments in the combination of artificial intelligence (AI) and other developing technologies, such as the cloud, according to Saudi Minister of Communications and Information Technology Abdullah bin Amer Alswaha, who made this announcement on February 9 during a tech conference called LEAP 2025 in Riyadh.

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The substantial investment strengthens Saudi Arabia's standing as a key regional and international center for digital transformation. Leading tech companies including Google Cloud, Lenovo, Alibaba Cloud, Qualcomm, Groq, and Salesforce are partners of the nation's government. Saudi Aramco, a state-owned energy firm, is one of the main suppliers of data center power and storage capacity. Several NVIDIA Superpods and Dammam 7, one of the fastest models in the area, are among the supercomputers housed there.

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Saudi Arabia's Vision 2030 strategy, which emphasizes economic diversification through technical and digital innovation, is in line with this enormous infusion of capital and technological know-how. The plan outlines the Kingdom's goals to establish itself as a key force in the global IT sector, generate a large number of job opportunities, develop local IT expertise, and allow foreign businesses to operate inside its boundaries.

Last year, Silicon Valley venture capital firm General Catalyst also made its first investment in Saudi Arabia, demonstrating its faith in the country's potential as a digital hub and its growth trajectory.