Saudi Arabia attracts over $13B US investments in 2024, 2025: Minister

Abdullah Alswaha, Minister of Communications and Information Technology

Minister of Communications and Information Technology Abdullah Alswaha said that Saudi Arabia attracted over $13 billion in US investments between 2024 and 2025.

These investments represent more than 90% of total international investments in artificial intelligence (AI), data centers, cloud services, and the development of national digital capabilities. These investments were made in partnership with major tech companies such as AWS, Microsoft, Google Cloud, Oracle, Groq, and others, he added, in a statement to state-run news agency SPA.

Alswaha emphasized that Saudi Arabia is investing not only in technology but also in human capital. He noted that partnerships with American firms—including Apple, Amazon, Google, and Microsoft—are instrumental in building the largest digital talent pool in the region, now exceeding 381,000 professionals.

The Saudi-American partnership in the field of innovation has led to pioneering projects in AI, nanotechnology, and clean energy. This has been achieved through the establishment of 14 centers of excellence in cooperation with leading U.S. universities such as MIT, Stanford, Caltech, and IBM, thereby reinforcing the Kingdom’s ability to produce knowledge and accelerate innovation, according to Alswaha.