Saudi Arabia launches $100 Billion AI initiative to lead in global tech

Saudi Arabia has announced a 100 billion USD initiative aimed at establishing itself as a major player in artificial intelligence, data analytics, and advanced technology. The program, known as Project Transcendence, marks a significant push by the Kingdom to develop a robust AI ecosystem that can rival leading tech hubs, including neighbouring United Arab Emirates and other global technology centers.

This unprecedented investment will focus on building state-of-the-art data centers, supporting startups, and expanding AI infrastructure to drive both domestic growth and international competitiveness. As part of Saudi Arabia’s Vision 2030 plan, this AI project underscores the country’s commitment to economic diversification away from oil, aiming to become a global tech leader within the next decade.

Project Transcendence is expected to channel investments into critical areas needed to create a thriving AI industry. These include data center expansion, tech startups, workforce development, and partnerships with leading technology firms. Sources familiar with the project have indicated that Saudi Arabia intends to recruit top AI talent from around the world, invest in R&D, and incentivize foreign companies to establish a footprint in the Kingdom.