Saudi Arabia Announces $100 Billion Push for AI and Tech Leadership

Saudi Arabia has unveiled a groundbreaking $100 billion initiative, Project Transcendence, to position itself as a global leader in artificial intelligence, data analytics, and advanced technology. This ambitious program aims to rival leading tech hubs, including neighboring UAE, by fostering a robust AI ecosystem.

Aligned with the Kingdom's Vision 2030, the initiative focuses on economic diversification, reducing reliance on oil, and driving international competitiveness. Investments will target cutting-edge data centers, tech startups, and workforce development to establish Saudi Arabia as a tech powerhouse.

Plans include attracting top global AI talent, bolstering research and development, and encouraging foreign firms to establish operations within the Kingdom. By prioritizing partnerships with leading technology firms, Saudi Arabia seeks to accelerate its journey to becoming a global tech hub within the next decade.

Source: Andrea Benito / CIO