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Saudi Central Bank boosts AI stock investments
Kasir Nour, the Chief Strategy Officer at RSM KSA, stated that the Saudi Central Bank's expansion in investing in artificial intelligence company stocks reflects an attempt to recalibrate the budget in response to one of the largest capital formation cycles of the modern era. He clarified that Saudi Arabia's strategy is not limited to purchasing shares of tech companies but also involves building an integrated ecosystem within the kingdom, encompassing companies that provide the necessary technologies and infrastructure to support the artificial intelligence ecosystem. These investments are part of Saudi Arabia's efforts to strengthen the technology sector and achieve sustainable development based on innovation.
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