Riyadh AI goals require colossal mindset and capital shift
13 September 2024
The ongoing Global AI (Gain) summit in Riyadh is not short on showmanship. Event-branded cars and coaches ferry delegates between their hotels and the car park of the Diplomatic Quarter, where golf carts driven by enthusiastic, cheerful young Saudis await to take them to the chandelier-laden King Abdulaziz International Convention Centre.
The chassis of a luxury electric vehicle from Lucid, which is majority owned by the Public Investment Fund (PIF) and a bright yellow canine-like mobile thermal camera from Boston Dynamics are some of the top crowd drawers at the show, which thousands are attending.
The opening performance of a young Saudi named Omar of the late John Lennon's provocative song Imagine enthralled the audience, composed mainly and albeit ironically of established technology suppliers, startups and venture capitalists looking to create a business or bring home deals out of Saudi Arabia's outsized AI fervour, driven mainly by the need to drive efficiency and foster new industries post-oil.
Abdullah Al-Sharif Alghamdi, president of event proponent Saudi Data and AI Authority (SDAIA) – pronounced Sadaya locally – underscored the kingdom's desire to influence the development of global AI standards, ethics and regulations.
Saudi Arabia ascended the 39-member UN Advisory Body on Artificial Intelligence last year. SDAIA has also established the International Centre for AI Research & Ethics (ICAIRE), which is being classified as a Category 2 institution under the UN Educational, Scientific & Cultural Organisation (Unesco).
During the event, SDAIA and the Organisation for Economic Co-operation & Development (OECD) announced the establishment of a Middle East hub of OECD's AI Policy Observatory, which tracks over 1,000 AI-related policies globally.
Several memorandums of understanding have been signed over the past two days, including making the homegrown seven billion-parameter Allam large-language model available on Microsoft's Azure cloud computing platform.
Graphics processing unit (GPU) leader Nvidia also pledged to work with SDAIA to build a 5,000-GPU supercomputing platform in the kingdom, which will likely require close to $200m in investments based on the average unit price of each Blackwell chip.
PIF, which plans to create a $40bn AI fund, has not so far made any new announcements at the show, where foreign venture capitalists openly declared that they are looking at world-class AI products to invest in.
Crucially, the presence of female Saudis staffing companies that are exhibiting at the show or visiting it is palpable, and somewhat unprecedented for a technology event being held in one of the world's most conservative societies.
It confirms National Center for AI assistant CEO Steve Plimsoll's statement that there are more female Saudis taking engineering and IT courses today than there are males.
This trend, he says, persists in most Saudi startups, providing the best hope yet of overcoming the kingdom's greatest perceived weakness in implementing its AI strategy – the lack of foundational skillsets, which have been the hallmark of technology epicentres such as the US Silicon Valley.
Plimsoll also told MEED that Allam 7B has outperformed the latest, 13 billlion-parameter version of Google's LLM, Llama, in, a recent benchmark, which indicates that the Saudis are indeed making some headways in realising their AI aspirations.
The executive, who previously served as global chief analytics officer at UK-headquartered HSBC, said over 150 developers worked on Allam, which is envisaged, first and foremost, as an enabler of Saudi government services.
As the excitement and hype dissipate, the real job of making AI deliver on its promise to foster a prosperous, just society will have to begin for the rest of the kingdom's 36.4 million population.
Exclusive from Meed
-
Arada awards $408m W Residences Dubai Harbour contract23 February 2026
-
Seven companies show interest in $3.3bn Kuwait gas project23 February 2026
-
Egypt tenders 500MW solar IPP19 February 2026
-
Local contractor wins $143m Jeddah sewage contracts19 February 2026
-
Saudi Arabia prequalifies firms for gas transmission grids19 February 2026
All of this is only 1% of what MEED.com has to offer
Subscribe now and unlock all the 153,671 articles on MEED.com
- All the latest news, data, and market intelligence across MENA at your fingerprints
- First-hand updates and inside information on projects, clients and competitors that matter to you
- 20 years' archive of information, data, and news for you to access at your convenience
- Strategize to succeed and minimise risks with timely analysis of current and future market trends
Related Articles
-
Arada awards $408m W Residences Dubai Harbour contract23 February 2026
Register for MEED’s 14-day trial access
Sharjah-based real estate developer Arada has awarded a AED1.5bn ($408m) contract for the main construction works on its W Residences project at Dubai Harbour.
The contract was awarded to the local Engineering Contracting Company.
The development comprises 490 branded residences across three towers.
The project's enabling works, including excavation and piling, have begun and are being carried out by another local firm, APCC Piling & Marine Contracting.
Arada has awarded APCC a separate AED51m ($14m) contract to undertake the enabling works.
The development will consist of residential, retail and leisure facilities and will be operated by US-based Marriott International.
Arada launched the project in October 2024, as MEED reported.
The latest contract award follows Arada's award of two contracts, worth AED2.7bn ($735m), for construction work on all four phases of the Masaar 2 residential community in the Rowdat district of Sharjah.
Arada awarded Sharjah-based Intermass Contracting a contract for the construction of phases one, three and four.
Abu Dhabi-based contractor Pivot Engineering & General Contracting won a contract to build the second phase of the project.
The overall scheme encompasses the construction of 1,997 residential units across all four phases.
Construction is expected to begin shortly, and the project is slated for completion by 2028.
Arada is the developer behind three masterplanned residential communities in Sharjah. The Aljada, Masaar and Nasma Residences communities are valued at a combined AED33bn.
https://image.digitalinsightresearch.in/uploads/NewsArticle/15717440/main.jpg -
Seven companies show interest in $3.3bn Kuwait gas project23 February 2026

At least seven companies have shown interest in participating in the planned tender for a Kuwait Gulf Oil Company (KGOC) project to develop an onshore gas plant, according to industry sources.
The project budget is estimated to be $3.3bn and the last meeting with contractors to discuss the project took place in Kuwait on 10 February.
Previous meetings with contractors took place at the offices of Technip Energies in Abu Dhabi.
Contractors that have sent representatives to the meetings include:
- Samsung E&A (South Korea)
- Larsen & Toubro (India)
- Tecnicas Reunidas (Spain)
- Saipem (Italy)
- Hyundai Engineering & Construction (South Korea)
- Hyundai Engineering Company (South Korea)
- JGC (Japan)
At the last meeting, contractors were told that the invitation to bid is currently scheduled to be issued at the end of March.
It was also confirmed that Kuwait’s Central Agency for Public Tenders (Capt) will not be involved in the tender process.
Capt is supposed to review technical and commercial evaluations of bids and verify that bidding is competitive.
It is understood that not requiring Capt to approve this tender will speed up the tender process.
The plant will have the capacity to process up to 632 million cubic feet a day of gas and 88.9 million barrels a day of condensates from the Dorra offshore field, located in Gulf waters in the Saudi-Kuwait Neutral Zone.
In July last year, MEED reported that KGOC had initiated the project by launching an early engagement process with contractors for the main engineering, procurement and construction tender.
France-based Technip Energies completed the contract for the front-end engineering and design.
The facility will be developed next to Kuwait’s Al-Zour refinery.
https://image.digitalinsightresearch.in/uploads/NewsArticle/15717358/main.png -
Egypt tenders 500MW solar IPP19 February 2026
Register for MEED’s 14-day trial access
Egyptian Electricity Transmission Company (EETC) has issued a request for qualifications for a 500MW solar photovoltaic (PV) independent power producer project in Egypt’s West of Nile area.
The bid submission deadline is 11 May.
The project is being supported by the European Bank for Reconstruction & Development and will be developed under a build-own-operate model.
Developers will be responsible for designing, financing, constructing, owning and operating the plant, with EETC acting as the offtaker for generated electricity.
US/India-based Synergy Consulting is acting as lead, financial and commercial advisor for this transaction.
The project forms part of Egypt’s strategy to strengthen long-term electricity supply and increase renewable generation capacity.
Egypt is targeting 42% renewable energy in its power mix by 2030. The country aims to raise this share to 65% by 2040.
EETC previously had plans to build a 200MW solar plant in a west Nile area but cancelled the tender for the project in 2020.
Egypt's power sector had its strongest year in over a decade last year, accounting for $4.2bn of total contract awards.
Despite dipping from the previous year, solar accounted for about $1bn of total awards.
In November, a consortium of local firms Hassan Allam Utilities and Infinity Power won contracts to develop two solar PV projects with a combined capacity of 1,200MW, supported by 720 megawatt-hours (MWh) of battery storage.
The UAE’s Amea Power and Japan’s Kyuden International Corporation also recently reached financial close on a $700m project comprising a 1,000MW solar plant and 600MWh battery system in Aswan.
The scheme is backed by a $570m debt package led by the International Finance Corporation and is expected to become Africa’s largest single-asset solar and storage facility when it enters operation later this year.
https://image.digitalinsightresearch.in/uploads/NewsArticle/15701778/main.jpg -
Local contractor wins $143m Jeddah sewage contracts19 February 2026
Register for MEED’s 14-day trial access
Saudi Arabia’s National Water Company (NWC) has awarded two sewage network contracts worth a combined SR536.3m ($143m) to local contractor Civil Works Company.
The projects will be implemented over 32 months from site handover and will serve northern Jeddah districts.
The first contract, valued at SR278.5m ($74.3m), covers incomplete main lines and secondary sewage networks serving parts of the Al-Bashair, Al-Asala and Al-Falah neighbourhoods.
The scope includes pipelines ranging from 200mm to 800mm in diameter with a total length of about 54.8 kilometres (km).
The package also includes sewage tunnels with diameters ranging from 600mm to 1,800mm and a total length of approximately 6.5km. Works will also serve the Taybah, Abhar Al-Shamaliyah and Al-Hamdaniyah districts.
The second contract is valued at SR257.8m ($68.8m). It covers the implementation of main lines and sub-networks to serve part of the Al-Hamdaniya neighbourhood.
The works include pipelines ranging from 200mm to 1,500mm in diameter with a total length of about 78.5km. The scope also includes horizontal drilling works for sewage tunnels with diameters from 1,200mm to 1,400mm and a total length of approximately 205 metres.
https://image.digitalinsightresearch.in/uploads/NewsArticle/15699620/main.jpg -
Saudi Arabia prequalifies firms for gas transmission grids19 February 2026
Register for MEED’s 14-day trial access
Saudi Arabia's Energy Ministry has prequalified companies to develop natural gas distribution networks in five industrial cities in the kingdom on a build-own-operate (BOO) basis.
The industrial zones earmarked are Al-Kharj Industrial City; Sudair City for Industry and Business; and the First, Second and Third Industrial Cities in Jeddah, the Energy Ministry said in a statement.
The contractors prequalified to bid for the natural gas transmission grids BOO scheme include eight standalone firms and seven consortiums:
- East Gas (Egypt)
- Natural Gas Distribution Company (Saudi Arabia)
- Egyptian Kuwaiti Advanced Operation and Maintenance (Saudi Arabia)
- Modern Gas (Egypt)
- Saab Energy Solutions (Saudi Arabia)
- Sergas Contracting (Saudi Arabia)
- Bharat Petroleum Corporation (India)
- UniGas Arabia (Saudi Arabia)
- Best Gas Carrier / Khazeen / Mubadra (Saudi Arabia)
- Al Sharif Contracting (Saudi Arabia) / Anton Oilfield Services Group (China) China Oil and Gas Group
- Hulul (owned by Saudi Arabia’s National Gas and Industrialization Company) /Al-Fanar Gas Group (UAE)
- Indraprastha Gas (India) / Masah Contracting (Saudi Arabia)
- Expertise Contracting / PGL Pipelines (UK)
- National Gas Company (Egypt) / Egypt Gas (Egypt)
- Taqa Arabia (Egypt) / Taqa Group (UAE)
The Energy Ministry has set a deadline of 23 April for these prequalified contractors to submit technical bids.
The ministry added in its statement that it has identified a total of 36 industrial cities in Saudi Arabia for gas infrastructure development.
https://image.digitalinsightresearch.in/uploads/NewsArticle/15699582/main0334.png
