YEREVAN (CoinChapter.com) — Saudi Arabia has announced $14.9 billion in artificial intelligence projects, securing partnerships with major technology firms. The commitment was revealed at the LEAP 2025 Tech Conference in Riyadh on Feb. 9, with Minister Abdullah bin Amer Alswaha leading the announcement.
The country is working with Google Cloud, Lenovo, Alibaba Cloud, Qualcomm, Groq, and Salesforce to enhance AI-powered cloud computing and emerging technologies. These efforts support Saudi Arabia’s goal of becoming a leading AI hub in the Middle East.
Saudi Arabia AI Partnerships Strengthen Digital Development
Saudi Arabia has engaged with multiple international companies to expand its AI sector. Aramco, the seventh-largest company by market capitalization, plays a significant role in these projects.
Ahmad Al-Khowaiter, Aramco’s executive vice president of technology and innovation, emphasized the importance of collaboration, stating that AI requires contributions from multiple companies to build the necessary technology infrastructure.
Aramco has finalized a $1.5 billion deal with Groq to enhance AI-powered cloud computing capabilities. Further agreements with AI firms are expected as Saudi Arabia strengthens its position in digital transformation.
Lenovo and Alat Invest $2 Billion in AI and Robotics
Saudi manufacturing company Alat and Lenovo have announced a $2 billion investment to develop an advanced AI-driven robotics and technology facility. This project supports local AI manufacturing and contributes to Saudi Arabia’s broader AI strategy.
As part of this expansion, Lenovo will establish its regional headquarters in Riyadh. The move aligns with the country’s objective of attracting major technology firms and fostering AI development within Saudi Arabia.
Saudi AI Hub Gains More Investments From Global Tech Firms
Saudi Arabia’s AI sector continues to attract significant financial commitments. Google Cloud, Qualcomm, and Alibaba Cloud have confirmed new AI projects tailored for the local market. Salesforce has allocated $500 million to expand AI services in Saudi Arabia, while Databricks has committed $300 million to AI-powered data analytics.
The country has also secured a $150 million investment from Tencent Cloud for AI infrastructure and a $140 million contribution from SambaNova for AI-driven computing solutions. These investments reinforce Saudi Arabia’s ambition to build a strong AI-powered cloud computing ecosystem and advance local AI capabilities.
Tether Announces UAE Partnership for Real Estate Transactions
In a separate development, Tether has partnered with Reelly Tech, a UAE-based real estate platform, to facilitate property transactions using USDT. The agreement, announced on Feb. 6, introduces stablecoin-based transactions into the Middle Eastern real estate sector.
