Saudi leader Mohammed bin Salman and American President Donald Trump are scheduled to announce a multi-billion package today with U.S. Silicon Valley giants: Amazon, AMD, xAI, and Global AI.
The deal comes as Saudi demand for AI balloons following Riyadh’s plan to diversify ahead of Vision 2030.
PwC projects 68% of MENA firms will transfer their operations to the cloud by 2026. AI data chips will be critical for this transition in the Kingdom and wider GCC.
Investment pledges come as the price of oil hovers at $60 (USD) per barrel on Monday, whilst the CEO of NEOM, Nadhmi Al-Nasr, stepped down last week. The EIA reports suggest oil could dip below $60 (USD) by the end of the year.
AI data centres will be critical for ongoing megaproject governance and predictive financial modelling for domestic regulators and cost optimisation.
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