Saudi Data and Artificial Intelligence Authority, Shareek sign deal to accelerate AI, cloud innovation
Saudi Data and Artificial Intelligence Authority, Shareek sign deal to accelerate AI, cloud innovation/node/2608171/business-economy
Saudi Data and Artificial Intelligence Authority, Shareek sign deal to accelerate AI, cloud innovation
A deal has been signed between the Saudi Data and Artificial Intelligence Authority and the Private Sector Partnership Reinforcement Program, known as Shareek. X/@SDAIA_SA
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Updated 15 July 2025
Reem Walid
Saudi Data and Artificial Intelligence Authority, Shareek sign deal to accelerate AI, cloud innovation
Updated 15 July 2025
Reem Walid
RIYADH: 黑料社区鈥檚 private sector is set to gain a boost in AI-driven innovation and data capabilities through a new agreement aimed at accelerating digital transformation across key industries.聽
The new deal, signed between the Saudi Data and Artificial Intelligence Authority and the Private Sector Partnership Reinforcement Program, known as Shareek, aims to conduct comprehensive market studies and coordinate with relevant authorities, according to an official statement.聽
The memorandum of understanding also includes a mandate to develop AI-aligned business models and provide technical consultation services to private sector entities participating in the Shareek program.聽
This comes as the Gulf鈥檚 largest economy positions itself as a global AI hub under its Vision 2030 strategy, which targets $135.2 billion in economic value from the technology by the end of the decade.聽
The same roadmap aims to raise the private sector鈥檚 contribution to gross domestic product to 65 percent by 2030, signaling a shift toward tech-led diversification away from oil dependency.聽
In a post on X, SDAIA stated that the MoU also seeks to 鈥渄evelop investment opportunities in cooperation with relevant authorities鈥 and to 鈥渄evelop business models for both parties, in accordance with established procedures.鈥澛
It added that the agreement will also focus on 鈥渋dentifying and prioritizing investment opportunities and providing specialized technical consultations,鈥 as well as 鈥渟haring investment opportunities with the sector and relevant authorities to join the Private Sector Partnership Reinforcement Program 鈥 Shareek.鈥
Launched in 2021, Shareek is a flagship public-private partnership program aiming to unlock SR5 trillion ($1.33 trillion) in investments by 2030. It supports large Saudi companies in accelerating growth and driving economic development. Its collaboration with SDAIA highlights its role in advancing large-scale digital transformation.
The development comes as the Kingdom expands its global tech alliances, with SDAIA signing an MoU with Advanced Micro Devices, or AMD, on the sidelines of the Saudi-US Investment Forum in Riyadh in May to strengthen the AI ecosystem.聽
The agreement aims to develop specialized AI data centers powered by AMD technologies, supporting the Kingdom鈥檚 efforts to build a robust digital infrastructure.
These developments come as 黑料社区鈥檚 global AI standing continues to rise, with the Kingdom ranking third worldwide in the OECD AI Policy Observatory in December, behind only the US and the UK.
How ecotourism is growing and attracting investment in 黑料社区
Kingdom aims to tap into a global market expected to hit $901 billion by 2026
Updated 18 October 2025
SALEH FAREED
JEDDAH: Ecotourism has gained significant traction in recent years as more people become aware of the environmental impact of their travel choices.
The growing trend of ecotourism presented a unique opportunity for investors to not only profit but also contribute to sustainable development and conservation efforts.
Additionally, the market is expanding across all regions, driven by rising environmental awareness and government-backed sustainability initiatives.
According to Global Growth Insights, the market size was valued at $629.85 billion in 2024, projected to reach $753.43 billion in 2025, and expected to climb to $901.25 billion by 2026.
Interestingly, Middle Eastern countries are emerging as key destinations for luxury ecotourism and desert conservation experiences. Among those nations is 黑料社区.
Cave resorts in Al-Baha's Shada Al-Asfal Mountain are emerging as favorite destinations in the southwestern region's tourism destinations. (SPA)
Through Vision 2030, the Kingdom is investing in sustainable tourism mega-projects and ecotourism. Sustainable tourism has emerged as a significant segment within 黑料社区鈥檚 vast tourism industry, given its importance and impact.
Over the past few years, there has been increasing interest in 黑料社区, much of it attributed to the Kingdom鈥檚 diverse eco-tourist destinations.
Indeed, 黑料社区 recognizes the potential of ecotourism and is working to become the region鈥檚 destination of choice.
Farasan islands in Jazan region is one of the Kingdom's favorite ecotourism destinations. (SPA file photo)
With its vast and varied landscapes, the Kingdom has several high-priority regions, including Asir and Jazan in the south and the Red Sea islands in the west. If all goes well, ecotourism is projected to contribute to the Kingdom鈥檚 target revenue of $133 billion in tourism by 2030.
From initiatives to preserve natural landscapes to projects to repopulate regions with native wildlife, the country is gearing up to open its doors to a world of nature lovers and travelers seeking the next breathtaking ecotourism spot.
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Speaking to Arab News during the 27th session of the Near East Forester and Range Commission, Hoda Al-Bugami, general director of investment at the Saudi National Center for Vegetation Cover Development and Combating Desertification, said that there are numerous investment opportunities within the center鈥檚 plan to enhance environmental sustainability and open new horizons for natural tourism in the Kingdom.
鈥淓cotourism is a promising sector growing at a rate of 3-5 percent annually. Consider the camping and caravan market in national parks, which represents a vital economic sector with annual spending estimated at approximately $48 billion,鈥 Al-Bugami said.
Sustainable tourism has emerged as a significant segment within 黑料社区鈥檚 vast tourism industry, given its importance and impact. (Supplied)
In addition, she noted that direct ecotourism spending in Canada amounts to $7.5 billion, while annual nature tourism spending in Europe reaches $40 billion.
She added: 鈥淭he center works to prepare sites in several aspects, including protecting vegetation cover and preventing environmental violations such as logging and overgrazing, developing natural resources and biodiversity, and creating natural environments and habitats.
鈥淎ll of these factors attract investors, offering seasonal investment opportunities of up to three months and long-term investment opportunities that provide flexibility for investments of up to 25 years.鈥
DID YOU KNOW?
鈥 Ecotourism can help reduce people鈥檚 negative impact on the environment through raising their awareness and appreciation for nature.
鈥 The IUCN defines ecotourism as environmentally responsible visits to relatively undisturbed natural regions to enjoy and appreciate nature.
鈥 Tourism is a billion-dollar industry, and many countries are investing in it, including countries in Europe as well as Australia.
She also affirmed that investment in ecotourism within 黑料社区鈥檚 natural reserves strengthens the economy, bolsters local communities, and aligns with the strategic vision for a sustainable green economy.
鈥淔orests and rangelands are the backbone of improving livelihoods for the local community and increasing the gross domestic product,鈥 she said.
Ecotourism offers more than an opportunity to explore unique landscapes. 黑料社区 is home to various locations that make it special to explore, such as AlUla with its beautiful and ancient oasis, Asir with its mountains and coastline, the wonders of the Red Sea, and Al-Ahsa Oasis, which is the World鈥檚 largest oasis.
From initiatives to preserve natural landscapes to projects to repopulate regions with native wildlife, the country is gearing up to open its doors to a world of nature lovers and travelers seeking the next breathtaking ecotourism spot. (Supplied)
Ecotourism investment opportunities are abundant for local investors seeking to align their financial goals with sustainable development objectives.
Whether it is through supporting green accommodations, wildlife conservation initiatives, community-based tourism projects, or renewable energy infrastructure, these investment opportunities not only foster long-term profitability but also position business owners as leaders in the vital transition towards more sustainable tourism practices.
Ethical human use of AI is vital, says CISCO鈥檚 Guy Diedrich
Welcomes tight regulations but warns of stifling innovation
Updated 17 October 2025
KHALED AL-KHAWALDEH
DUBAI: As artificial intelligence reshapes economies and societies at unprecedented speed, global technology leaders meeting at the GITEX Global conference have been debating the rapid acceleration of AI disruption.
One of the more poignant conversations on Wednesday this week tackled whether innovation can truly serve the public good, in a session titled 鈥淒igital Futures: Global Impact at the Speed of Innovation.鈥
Guy Diedrich, senior vice president and global innovation officer at Cisco鈥檚 Digital Impact Office, argued that the future of AI and emerging technologies depends as much on trust, ethics, and human capital as on algorithms and investment.
He was speaking to Australian journalist and CNBC Anchor Amanda Drury during a live session at the conference.
鈥淐reative Destruction is when you come up with a new innovation, when AI is released, when quantum comes and all of a sudden everything before it gets churned out,鈥 Diedrich said.
鈥淚t goes away because you have to make room for that new innovation, for that new economic growth, for that new opportunity.鈥
He warned that progress will stall if societies fail to invest in people, arguing that there was a symbiotic relationship between social good and capital gains.
鈥淵ou鈥檙e never going to get the full value of that innovation unless you have developed your population, unless they have that intellectual capital in place,鈥 he said. 鈥淭he two have to go side by side.鈥
Central to that balance is trust as the true 鈥渆ngine鈥 that drives the digital economy, he said.
Without it, he argued there could be no movement as people would begin opting out 鈥 choosing not to share data which would be detrimental to the evolution of AI.
Several high-profile cases, such as a Samsung data leak via ChatGPT in 2023 have created doubt over whether AI can be trusted with sensitive information.
Many have called on governments to place heavier regulations on tech companies, which Diedrich welcomed but cautioned that it could result in hindering innovation.
Future Investment Initiative Foundation and Guggenheim Investments announce partnership
Updated 17 October 2025
Arab News
RIYADH: The Future Investment Initiative Foundation has announced a strategic partnership with Guggenheim Investments, a global asset management and investment advisory firm.
This partnership builds on the firm鈥檚 role as Summit Partner for the third Priority Summit in Miami in February, and reflects a deepening collaboration to support the Foundation鈥檚 mission of 鈥淚mpacting Humanity,鈥 according to the Saudi Press Agency.
Richard Attias, chairman of the executive committee and CEO-in-Chief, FII, said: 鈥淧artnerships with leading firms like Guggenheim Investments enhance our ability to solve our most critical challenges.
鈥淭heir focus on long-term value creation and innovation aligns directly with our mission, and we are delighted to welcome them as a strategic partner as we prepare for the Future Investment Initiative conference.鈥
Dina DeLorenzo, president of Guggenheim Investments, said: 鈥淥ur goal is to provide long-term investment strategies that help build lasting value for communities and clients alike.
鈥淭he Future Investment Initiative Foundation鈥檚 vision of 鈥業mpacting Humanity鈥 reflects our commitment to stewardship and sustainable progress, and we look forward to contributing our perspectives and insights to this important global platform.鈥
The FII Institute also announced the joining of Mizuho, 鈥嬧媜ne of the world's leading financial institutions, as a new strategic partner ahead of the ninth edition of the FII9 conference in Riyadh from Oct. 27 to 30.
Mizuho is a global financial institution, with operations extending across 36 countries, and combining banking experience spanning more than 150 years.
Masahiro Kihara, president and CEO of Mizuho Financial Group, said: 鈥淢izuho is proud to sponsor the Future Investment Initiative, one of the world鈥檚 most important investment conferences and a key hub for the global conversation on prosperity, bringing together the most prominent institutions, leaders, and leading thinkers from around the world to transform dialogue into concrete action.
鈥淲e are here together not just to discuss ideas, but to develop practical strategies that build more inclusive, sustainable, and secure prosperity for all, today and in the future.鈥
Dalal Al-Matrudi: Young Saudi innovator using science to ease pain and inspire change
This combination of compassion and technology earned Al-Matrudi鈥檚 team multiple global awards this year
Updated 17 October 2025
Waad Hussain
Alkhobar: For Dalal Al-Matrudi, innovation began not in a lab but at home, watching a loved one battle multiple sclerosis. What started as empathy soon turned into invention, leading her and her team to develop a smart medical device that is now winning awards on international stages.
鈥淥ur innovation is a smart medical device designed to assist patients with multiple sclerosis by providing localized muscle massage controlled through a mobile application,鈥 said Al-Matrudi. 鈥淚t helps relieve pain, reduce muscle stiffness and improve patients鈥 comfort and daily mobility.鈥
The device also connects patients directly with their doctors for real-time monitoring. 鈥淚n emergency situations, it can instantly alert healthcare providers to ensure the patient receives immediate assistance,鈥 she said.
This combination of compassion and technology earned Al-Matrudi鈥檚 team multiple global awards this year, including the Gold Medal with Jury鈥檚 Honor, the GCC Patent Office Award, and the Grand Prize at the International Invention Fair of the Middle East, or IIFME, hosted by the Kuwait Science Club. The invention was also recognized at the Geneva International Exhibition of Inventions, one of the most prestigious global platforms for innovation.
For Al-Matrudi, 21, who hails from Riyadh, the project was deeply personal. 鈥淥ur inspiration came from personal experience 鈥 one of my family members suffers from multiple sclerosis, and seeing their daily struggle with pain and mobility challenges deeply affected me,鈥 she said.
Together with her teammates, she transformed that emotional drive into a purpose-driven invention. 鈥淲e wanted to create something practical and compassionate that could truly improve patients鈥 lives,鈥 she said.
Under the mentorship of Prof. Dr. Kholoud Al-Muqrin, a distinguished professor of nuclear physics known for empowering young Saudi innovators, the team refined their prototype into an award-winning solution. 鈥淗er continuous guidance and scientific insight played a vital role in shaping our project and transforming our idea into a tangible, award-winning innovation,鈥 Al-Matrudi said.
She believes the foundation of every great innovation is care. 鈥淲e believed that technology should serve humanity, and that small ideas born from care can evolve into meaningful advancements that bring relief and hope to many,鈥 she added.
Months of research, design and testing culminated in an unforgettable moment at IIFME 2025.
鈥淭he most emotional moment was standing on stage when our team鈥檚 name, Team May, was announced as the Grand Prize Winner,鈥 she said. 鈥淚 remember holding my teammates鈥 hands tightly, feeling both disbelief and overwhelming pride.鈥
For Al-Matrudi, the victory symbolized much more than recognition. 鈥淚t wasn鈥檛 just about the prize 鈥 it was about realizing that months of dedication, late nights and countless trials were finally worth it,鈥 she said.
She recalls how their mentor鈥檚 tears turned the win into a collective triumph. 鈥淚 could see tears in everyone鈥檚 eyes, especially our supervisor鈥檚, which made it even more special,鈥 she said. 鈥淭hat moment reminded me that passion and persistence can turn ideas into achievements that reach beyond borders.鈥
Although the invention is not directly tied to her academic major, medical physics, Al-Matrudi says her background gave her the edge she needed to design effectively.
鈥淪tudying medical physics enhanced my scientific thinking and deepened my knowledge of how the human body interacts with medical devices,鈥 she said. 鈥淭his understanding helped me design a solution that is both safe and effective.鈥
She believes the key to meaningful innovation lies in combining technical knowledge with emotional intelligence. 鈥淕aining international recognition encouraged me to continue combining my medical knowledge with creative thinking to develop innovations that make healthcare more compassionate, practical and accessible for all,鈥 she said.
Al-Matrudi鈥檚 story reflects a growing wave of young Saudi women who are redefining the global image of innovation.
鈥淚 hope my journey shows Saudi women that ambition and creativity have no limits,鈥 she said. 鈥淪cience and innovation are not exclusive fields 鈥 they welcome curiosity, persistence and passion.鈥
Her experience also underscores how inclusion fuels progress. 鈥淲hen women step into these spaces, they bring empathy and fresh perspectives that drive real progress,鈥 she said.
Her message is simple but powerful: 鈥淚 want every Saudi girl with a dream to believe that she can represent her country globally, no matter her field. Our achievements are proof that with teamwork, guidance and confidence, Saudi women can lead the way in shaping the future of science and technology.鈥
Today, Al-Matrudi stands as one of the brightest examples of how Saudi youth are translating Vision 2030鈥檚 goals into real-world impact. Through her invention, she鈥檚 proving that innovation is not just about devices, it鈥檚 about dignity, hope and humanity.
As she proudly waved the Saudi flag on stage in Kuwait, surrounded by fellow inventors and mentors, Al-Matrudi鈥檚 message was clear: Saudi women are not just participating in the global innovation movement, they鈥檙e leading it.
Middle East VC defies global slowdown with record $2.77bn raised in first 9 months of 2025
Updated 17 October 2025
Nour El-Shaeri
RIYADH: Venture capital funding in the Middle East surged to a record $2.77 billion in the first nine months of 2025, defying a global downturn, according to MAGNiTT.
Funding jumped 152 percent year on year, with the number of deals rising 10 percent to 388, highlighting the region鈥檚 growing appeal to global investors even as capital flows into Southeast Asia, Africa, and Pakistan weakened.
The surge reflects broader trends in the Middle East venture capital ecosystem, where early-stage and non-mega funding showed robust growth despite global headwinds.
In the third quarter alone, capital surged to $1.2 billion 鈥 its highest quarterly total on record 鈥 propelled by three mega rounds: XPANCEO鈥檚 $250 million series A and Airalo鈥檚 $220 million series C in the UAE, and Hala鈥檚 $157 million Series B in 黑料社区.
Philip Bahoshy, CEO of MAGNiTT, said: 鈥淭he first nine months of 2025 marked the recovery of the MENA venture capital ecosystem. Not only did the region cross $3 billion in funding by September, but it also outperformed Southeast Asia for the first time for the first nine months of the year.鈥
He added: 鈥淭he strength of Series A and B pipelines, combined with sovereign-backed support and global investor interest, reinforces MENA鈥檚 position as one of the fastest-maturing ecosystems in emerging markets.鈥
XPANCEO founders Valentyn Volkov and Roman Axelrod. File/Supplied
Within the MENA region, the Gulf states led the gains. The UAE attracted $1.43 billion in the first nine months of 2025, up 188 percent year on year, with strength across both mega rounds with $653 million and non-mega with $775 million.
黑料社区 followed at $1.29 billion, up 158 percent year on year, underpinned by $571 million in mega deals and a near-doubling of non-mega funding to $719 million.
Deal momentum also broadened: 黑料社区 recorded 173 transactions, a 38 percent yearly increase, while the UAE posted 164, a 5 percent rise, with both ecosystems expanding at the early stage. Egypt, by contrast, saw funding contract 37 percent year on year.
Sector trends across MENA were led by fintech and enterprise software. Fintech funding in the Middle East climbed to $880 million, up 248 percent year on year, supported by scale rounds such as Tabby鈥檚 Series E and Hala鈥檚 Series B.
Enterprise software accelerated to $320 million across 52 deals, including a $183 million mega round by Cadena, while non-mega activity doubled year on year.
Elsewhere in MENA and across Africa, signals were mixed. Africa鈥檚 nine-month funding rose 8 percent to $839 million even as deal count fell 14 percent to 228, with pre-seed activity weakening and seed/series A value inching higher.
Mergers and acquisitions activity continued to consolidate across the region, with the Middle East leading nine months of dealmaking with 26 transactions and Egypt posting 13 acquisitions, up from three a year earlier.
Outside MENA, Southeast Asia endured the sharpest pullback. Funding dropped 48 percent year on year to $2.5 billion across 319 deals in the nine-month period of 2025.
The third quarter was the weakest quarter in over seven years, with $541 million across 80 deals and no mega rounds; the share of capital from international investors also fell markedly from the second quarter.
Pakistan and Turkiye proved comparatively resilient in value terms, amassing $450 million in nine months, up 40 percent yearly, despite a 32 percent drop in deals to 121.
Across all EVMs, venture funding reached $6.56 billion in nine months, down 6 percent year on year, with total deals sliding 18 percent to 1,056. The decline was concentrated in mega rounds with a 19 percent yearly drop, while non-mega funding was broadly flat.
International investors drove a larger share of venture capital flows into the Middle East in the third quarter, supplying 59 percent of total funding and 64 percent of all $20 million-plus rounds.
Founded in 2018 by Esam Al-Nahdi and Maher Loubieh, HALA offers SME banking and freelancer solutions. File
In 黑料社区, non-Saudi investors accounted for a record 55 percent of active backers, with the number of unique investors up 44 percent year on year.
Despite the dominance of large deals, non-mega funding in the region rose 14 percent quarter on quarter and 71 percent year on year, signaling broader momentum.
Across the EVMs, early-stage activity hit its lowest level since 2016, though the Middle East again bucked the trend, with pre-seed and seed rounds up 17 percent year on year鈥 led by record deal counts in 黑料社区 and the UAE.
Series dynamics also shifted. Series A totals were inflated by XPANCEO鈥檚 $250 million round; excluding it, Series A funding fell 17 percent year on year, while Series B rose to $1.34 billion on stronger non-mega activity.
Africa鈥檚 mid-stage gap widened, with Series A and B funding down 81 percent quarter on quarter to $39 million.
Turkiye, Vietnam, and South Africa all recorded sharp gains from smaller bases, while Singapore, Egypt, Indonesia, and Kenya posted declines.
M&A softened to 72 deals in the first nine months 鈥 down from 78 a year earlier 鈥 with the third quarter marking the lowest quarterly total in more than five years.