Saudi Press

Saudi Arabia and the world
Friday, Jul 03, 2026
 English
 English Arabic HebrewHindiTagalogUrdu
Add Your News

Saudi Arabia’s Public Investment Fund Commits Multi-Billion Dollar Investment in Global AI and Data Center Expansion

The Public Investment Fund has announced a multi-billion US dollar investment targeting international data center infrastructure and artificial intelligence software development, reinforcing Saudi Arabia’s ambition to become a global hub for high-performance computing and advanced technology.
Newsletter
Related Articles

Saudi Logistics Strategy Advances with New Neom Port Agreements for Global Trade Routes

Neom’s logistics operations have secured new international shipping partnerships aimed at strengthening its position as a regional trade hub and improving supply chain connectiv...

Saudi Arabia Reviews Sports Investment Strategy and Slows Funding for Global Golf Projects

The Public Investment Fund is reassessing capital allocation to international sports ventures, including LIV Golf, as it shifts focus toward domestic economic development and jo...

Saudi Arabia Establishes Al Waha Duty-Free Company to Capture Airport Retail Revenue

The Public Investment Fund is launching Al Waha, a fully state-owned duty-free operator, as part of efforts to capture higher retail revenues across Saudi Arabia’s expanding int...

Saudi Tourism Authority Expands Global Campaigns to Support Tourism During Project Delays

Saudi Arabia is increasing international tourism promotion efforts, highlighting cultural sites such as AlUla and major events including esports and conferences to sustain visit...

Saudi Ministry of Finance Defends Spending Strategy Despite Rising Fiscal Deficit

Saudi Arabia’s finance ministry says it will continue adjusting or delaying selected projects as needed to manage the budget deficit, while maintaining core spending commitments...

Saudi Arabia Signs AI Partnership Between Magna Artificial Intelligence and South Korea’s Naver

Saudi Arabia’s Magna Artificial Intelligence has entered a strategic partnership with South Korea’s Naver to develop sovereign large language models and secure data systems for ...

Riyadh Air Expands Global Branding Through Atlético Madrid Partnership and Spain Routes

Riyadh Air has strengthened its European strategy through an expanded partnership with Atlético de Madrid, coinciding with new direct flight routes between Riyadh, Madrid, and M...

Saudi Football Federation President Resigns After World Cup Group Stage Exit

Saudi Football Federation President Yasser al-Misehal has resigned following the national team’s group-stage exit at the 2026 World Cup in North America, where Saudi Arabia fini...

Saudi Arabia Halts Mukaab Superstructure Construction Amid Gigaproject Spending Review

Saudi authorities have paused early-stage work on the Mukaab skyscraper project in Riyadh as part of a wider review of major infrastructure spending, prioritising financially vi...

Saudi Arabia Begins Neom Cargo Port Expansion with New European Shipping Partnerships

Neom’s industrial and logistics zones have secured new agreements with European freight operators to strengthen maritime and land-based supply chains, supporting Saudi efforts t...

Women’s Tennis Association Ends Riyadh Finals Agreement Early and Moves Tournament to the US

The Women’s Tennis Association has terminated its hosting deal in Saudi Arabia ahead of schedule and will relocate its season-ending finals to Indian Wells, following sustained ...

Saudi Aramco Cuts Asian Oil Prices and Boosts Shipments from Ras Tanura

Saudi Aramco has reduced its selling prices to Asian buyers and increased shipments from Ras Tanura amid weaker global oil prices and oversupply conditions, aiming to maintain c...
Saudi Press
Add Your News
Playlist Hide
0:00
0:00
Open
0:00
0:00
Close
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
Global Critical Mineral Alliances Expand as Western Nations Move to Counter Chinese Supply Dominance
United States Imposes Fifty Percent Tariffs on Mexican Steel and Aluminum Ahead of Trade Pact Review
European Union and China Head Toward Major Trade Conflict Over Clean Technology Exports
United States Economic Growth Severely Downgraded to One Point Six Percent as Stagflation Fears Mount
World Health Organization Warns Central African Ebola Epidemic is Outpacing Containment Efforts
United States Treasury Department Conditions Sanctions Relief on Reopening of the Strait of Hormuz
Iranian Air Defenses Intercept and Destroy United States Military Drone Over Bushehr Province
Iranian Armed Forces Launch Ballistic Missiles Toward Unspecified Targets Prompting Regional Condemnation
United Nations Secretary-General Warns Global Order Facing Highest Level of Conflict Since 1945
Israel Issues Sweeping Evacuation Orders in Southern Lebanon Amid Intensified Hezbollah Conflict
Russia Announces Systemic Military Strikes Targeting Ukrainian Defense and Energy Infrastructure
United States and Iranian Negotiators Reach Draft Agreement to Extend Ceasefire and Resume Nuclear Talks
United Nations Security Council Deeply Divided Over United States Capture of Venezuelan President
US and Iran Exchange Direct Military Strikes Amid Fragile Gulf Ceasefire
World Health Organization Warns of Catastrophic Ebola Outbreak in DR Congo
Russia Threatens New Wave of Strikes on Ukrainian Infrastructure and Embassies
Scientists Warn Atlantic Ocean Currents Could Collapse Faster Than Projected
Anthropic Reaches $900 Billion Valuation in Historic AI Funding Round
Washington Imposes Crippling Sanctions on Iranian Maritime Authority
Japan and the Philippines Initiate Strategic Intelligence-Sharing Pact
Microsoft Deploys Autonomous Computer-Using AI Agents to Global Markets
Anthropic Secures $45 Billion Compute Infrastructure Agreement With SpaceX
U.S. Director of National Intelligence Resigns Amid Administration Shakeup
Micron Technology Crosses Trillion-Dollar Valuation Amid Unprecedented Hardware Demand
Canada and Germany Finalize Historic Long-Term LNG Export Agreement
China Expands International Travel Restrictions on Domestic AI Researchers
Japan Approves Sweeping Overhaul of National Intelligence Apparatus
Global Airlines Scramble Logistics as Middle East Airspace Remains Fractured
Japan's Naphtha Imports Plunge 47 Percent Amid Strait of Hormuz Closure
Global Crude Prices Retreat Below $96 as Gulf Tensions Momentarily Ease
Generative AI Outperforms Human Baselines in Landmark Global Creativity Study
NASA Partners With Private Aerospace to Unveil Permanent Lunar Base Architecture
South Korean Equity Markets Surge on Next-Generation Memory Chip Frenzy
×