20 Hrs
Source:
الوئام
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Aramco-HUMAIN Alliance
Aramco, through a subsidiary, acquired a 49% stake in AI company HUMAIN, while the Public Investment Fund retained a 51% stake. Aramco will invest around SAR 9.9 billion in 2026, alongside transferring AI and supercomputing assets and expertise. The partnership supports HUMAIN’s plan to build data centers with 3 gigawatts of capacity by 2030, with the potential to increase this to 6 gigawatts, backed by financing and partnerships with global technology companies. The alliance is betting on localizing supply chains and strengthening Saudi Arabia’s role in the AI industry, as the sector is expected to contribute $135 billion to the Saudi economy by 2030.
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