Saudi Arabia is embarking on a transformative journey to establish itself as a global leader in artificial intelligence through a series of strategic initiatives and partnerships. The Public Investment Fund (PIF) has announced a collaboration with Google Cloud to develop an advanced AI hub near Dammam in the Eastern Province.

The AI center is projected to create thousands of jobs and contribute approximately $71 billion to the nation’s gross domestic product over the next eight years.

In addition to the AI hub, Saudi Arabia is planning “Project Transcendence,” a state-backed initiative with potential investments reaching up to $100 billion.

The project aims to develop a technological hub that rivals neighboring United Arab Emirates by investing in data centers, startups, and other infrastructure to advance AI capabilities. It also focuses on recruiting talent, fostering a local ecosystem, and encouraging tech companies to establish a presence in the country.

The PIF’s strategy includes the creation of Alat, a fund chaired by Crown Prince Mohammed bin Salman, which seeks to co-invest with large international companies. Alat is dedicated to developing AI and semiconductor technologies, reflecting Saudi Arabia’s commitment to diversifying its economy and reducing reliance on oil revenues.

The partnership with Google Cloud is expected to involve investments ranging from $5 to $10 billion, focusing on developing Arabic-language AI models and enhancing the region’s digital infrastructure. This collaboration underscores Saudi Arabia’s ambition to become a regional tech hub by the end of the decade.

These initiatives align with Saudi Arabia’s Vision 2030 plan, which aims to diversify the economy and position the kingdom as a leader in technological innovation. By investing heavily in AI and forming strategic partnerships, Saudi Arabia is poised to make significant contributions to the global digital economy.

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