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Saudi crown prince launches new company to develop AI technologies

Variety and Tech

12-05-2025 | 13:29

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Saudi crown prince launches new company to develop AI technologies

Crown Prince Mohammed bin Salman launched a new company to develop and manage artificial intelligence technologies in Saudi Arabia on Monday, a top priority of its economic diversification drive.

U.S. President Donald Trump travels to Saudi Arabia this week, the first stop on his Gulf tour, and AI is expected to be a major discussion point during Tuesday's joint Saudi-U.S. investment forum in Riyadh.

The kingdom, the world's biggest crude exporter, is undergoing a significant economic and social transformation under its Vision 2030 program which aims to wean the economy off its oil dependency.

It wants to develop AI technology and infrastructure - including data centres - and has ambitions to establish the kingdom as a global centre for AI, pitching itself as a prospective hub for AI activity outside the United States.

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