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Saudi Arabia's rise in AI economy
The article explains how Saudi Arabia has become a global player in the AI economy, with the digital economy expanding to 522 billion SAR last year, reflecting a 75% growth over eight years, and accounting for 16% of the country's GDP. The Kingdom has made substantial investments in technological infrastructure, such as increasing data center capacities and developing AI centers, which has propelled it to top global rankings in data center attractiveness and positioned it as the second most attractive location for data centers by 2026. Additionally, Saudi Arabia has strengthened its human capital by raising the number of employees in technology and AI to 426,000, with female participation increasing to 35%. These efforts have led to significant investment flows, capturing 45% of regional venture capital funding, and the country has successfully produced 8 unicorns, demonstrating tangible results of its transformation into a global hub for AI industry and technology investment.
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