MUST-READS

• IBM set to establish new Software lab in Riyadh, Saudi Arabia

  The lab will be designed to focus on accelerating digital innovation and product development, management and design, with solutions in the areas of Data & AI, and Sustainability Software. With innovation and knowledge exchange at its center, the IBM Software lab’s goal will be to accelerate skills building and help create high-quality jobs for skilled young IT professionals in Saudi Arabia’s technology ecosystem, co-creating solutions to export globally.

• Saudi Arabia launches new portal to enhance international representation

  He said that the platform will form a database to follow up on candidates’ applications from the beginning of their application for work until their employment and training in those institutions. “The ministry will work through Dawli platform on strategic partnerships and agreements with other government agencies that wish to employ competencies in relevant organizations, which will pave the way for it to become a unified Saudi platform,” he said.

• Saudi backs GAIA with $1 billion

  GAIA (Generative AI Accelerator) was launched in Riyadh in May 2023 as the region's first dedicated AI accelerator programme, as a collaboration between the Saudi Data and Artificial Intelligence Authority (SDAIA), the National Technology Development Programme (NTDP), and New Native The accelerator has already had nearly 50 AI startups through the first three cohorts of the programme, and is now accepting applications for its fourth cohort.

• FIA chief faces allegation of interference at 2023 Saudi Grand Prix

  The BBC said it had seen a report by FIA compliance officer Paolo Basarri to its ethics committee in which a whistleblower claimed the president had intervened to overturn a penalty given to Aston Martin's Fernando Alonso. It alleged that Ben Sulayem called Sheikh Abdullah bin Hamad bin Isa Al Khalifa, the FIA's vice-president for sport for the Middle East and North Africa who was in an official capacity at the race.

• Saudi Arabia hosted 106 million visitors in 2023, but is pushing for more tourists from abroad

  Saudi Arabia said tourist numbers climbed above 100 million last year, but the big aim for the Kingdom is to attract more international travelers. Becky Anderson asks the Saudi tourism minister how they'll do that.

• Saudi-based Deep-Tech VC Fund Beta Lab makes strategic investment in Cross-Border fintech startup EximPe

  EximPe, a Singapore headquartered company which previously raised seed round led by Singapore based Leo Capital , leverages technology and AI / ML to revolutionize cross-border payments and trade financing for SMEs. Its tech platform is powered by the likes of DBS, SBM, and 30+ other banks and fintechs.

• Saudi Arabia ranked most connected country with road networks in the world

  Minister of Transport and Logistics Eng. Saleh Al-Jasser said that Saudi Arabia is ranked as the most connected country in the world in terms of its road network. The Kingdom witnessed a fall in the rates of serious accidents, deaths, and injuries by more than 50 percent in recent years, he said while launching the “Safe distinguished roads” campaign in Riyadh on Sunday.

• Amazon’s AWS to launch Saudi Arabia data centers, invest over $5.3 bln

  Amazon.com's (AMZN.O), opens new tab cloud division Amazon Web Services said on Monday it will launch data centers in Saudi Arabia in 2026 and plans to invest more than $5.3 billion in the kingdom. The cloud region will enable customers to securely store content and run workloads while offering higher speed for its users. Amazon and its cloud competitors Google-parent Alphabet (GOOGL.O), opens new tab and Microsoft (MSFT.O), opens new tab have said they will raise their investments, primarily for data centers, to support the growing adoption of artificial intelligence technologies.

• Saudi authority launches portal for Muslims wanting to organize iftars in Grand Mosque

  Muslims wanting to organize iftars to be held in the Grand Holy Mosque during Ramadan can apply for a permit through an online government portal, state news agency SPA reported on Sunday. The General Authority for the Affairs of the Two Holy Mosques has launched an e-portal through which people can request permits to provide iftar spreads at the mosque in Makkah during the holy month.

• Saudi Arabia sees over $11.9B tech investments on first day of LEAP 2024

  Amazon Web Services will invest $5.3 billion in the Kingdom to create a high-capacity cloud region, the ministry said on its official X account. Data Vault will invest $5 billion to build sustainable and innovative data centers, with a capacity of more than 300 megawatts, it further added. In addition, ServiceNow will invest $500 million to launch its first data center in the region in Saudi Arabia to localize its services, in addition to training national talents and developing their skills

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