SAS Opens Riyadh Hub, Pledges $1bn to Boost AI Growth

SAS seeks to advance digital transformation through partnerships with Saudi government, private sector, and universities (Shutterstock)
SAS seeks to advance digital transformation through partnerships with Saudi government, private sector, and universities (Shutterstock)
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SAS Opens Riyadh Hub, Pledges $1bn to Boost AI Growth

SAS seeks to advance digital transformation through partnerships with Saudi government, private sector, and universities (Shutterstock)
SAS seeks to advance digital transformation through partnerships with Saudi government, private sector, and universities (Shutterstock)

Underscoring Saudi Arabia’s growing role as a regional center for innovation and digital transformation, SAS, a global leader in data and artificial intelligence (AI), announced the opening of its new Middle East and North Africa regional headquarters in Riyadh.

The announcement came during the SAS Innovate On Tour event in the Saudi capital, marking not only an expansion of the company’s operations but also a deepening commitment to supporting the goals of Saudi Vision 2030, which places data and AI at the heart of the country’s economic transformation and sustainable innovation agenda.

Speaking to Asharq Al-Awsat, Dr. James Goodnight, Chief Executive Officer of SAS, said the company brings over four decades of experience in analytics and AI, offering trusted capabilities that directly support Vision 2030’s ambitions across government, finance, healthcare, energy, and smart cities.

He noted that long-term impact for SAS is built on a sustained commitment to innovation. This includes a $1 billion investment in industry-specific AI solutions to ensure we remain at the forefront of technological progress and deliver advanced capabilities for years to come.

Regional Hub at the Heart of Transformation

SAS said its new regional headquarters in Riyadh reinforces its more than two-decade presence in the Kingdom and brings it closer to its network of partners and clients across the region.

“Saudi Arabia is rapidly emerging as a hub for innovation and digital transformation. By establishing our regional headquarters in Riyadh, we are positioning ourselves at the heart of this growth. Our investment underscores SAS’s belief in the Kingdom’s potential and our commitment to supporting Vision 2030,” said Alexander Tikhonov, Regional Director, Middle East Türkiye & Africa at SAS.

The new office will include leadership, customer engagement, consulting, and innovation divisions, serving as a collaborative center for key sectors such as banking, government, energy, utilities, and telecommunications.

“From Riyadh, SAS will partner with governments, enterprises, and academia across the Middle East to deliver cutting-edge AI and analytics solutions. This headquarters will also serve as a hub for knowledge sharing, skills development, and regional collaboration,” said Mohammed Kiki, SAS Country Manager for Saudi Arabia.

Empowering Vision 2030

Under Saudi Vision 2030, data, analytics, and AI are not viewed as supporting tools but as national pillars for building a sustainable knowledge-based economy.

Goodnight said SAS’s role in this landscape goes beyond technology, describing it as a strategic and developmental partnership with the Kingdom.

The company, he added, provides an integrated platform that supports secure data management, advanced analytics, model development and deployment, real-time decision-making, and AI governance — all key to achieving Vision 2030 objectives.

According to SAS, this comprehensive approach enables organizations to transform data into actionable insights that enhance decision-making and operational efficiency.

This vision is backed by a $1 billion global investment to accelerate the development of advanced analytics and AI solutions tailored to critical industries, including financial security, energy, healthcare, and public services.

Building Human Capital

SAS’s strategy in Saudi Arabia places strong emphasis on empowering national talent and building local capabilities in data and AI.

Goodnight said developing Saudi talent is one of the areas where the company can make the greatest impact. SAS collaborates with Saudi universities, government agencies, and private institutions to prepare young people for future careers through AI hackathons, academic training programs, and research grants.

Goodnight stressed that these initiatives aren’t side projects and are central to SAS’s mission of empowering the next generation of innovators who will drive the Kingdom’s knowledge economy.

Trust, Transparency, and Digital Sovereignty

As AI adoption accelerates globally, data governance and digital sovereignty have become critical, particularly in the public sector.

Goodnight emphasized that SAS technologies are designed to meet Saudi Arabia’s stringent regulatory and sovereignty requirements. The company’s solutions, he said, fully comply with national standards for data governance and sovereignty, providing organizations with clarity and confidence in building robust AI governance frameworks.

He added that SAS enables government entities to deploy transparent and interpretable AI systems under human oversight, ensuring that decisions align with national values and policies.

Goodnight affirmed that this approach reflects SAS’s commitment to advancing digital transformation in Saudi Arabia without compromising sovereignty or transparency.

This also aligns with the Kingdom’s push for a secure and responsible digital environment.

Cloud Readiness and Local Compliance

With the rapid shift toward cloud computing across Saudi Arabia’s public and private sectors, SAS’s cloud-native platform SAS Viya offers a flexible and secure framework for deploying AI models in compliance with national regulations.

Goodnight said the platform allows public-sector leaders to enhance performance and reduce costs by optimizing cloud resources while ensuring full adherence to data sovereignty requirements.

He added that SAS works closely with global and local partners to align its cloud infrastructure with Saudi law, offering flexible deployment options — including local servers and private cloud — to ensure sensitive data remains within the Kingdom’s borders.

Technological progress must go hand-in-hand with responsibility, Goodnight noted, adding that SAS focuses deeply on developing transparent, explainable AI that operates under human supervision.

This approach aligns with Saudi Arabia’s broader policy of promoting ethical AI and innovation governance, strengthening public trust in the Kingdom’s digital transformation and embedding transparency and accountability at the core of its technological future.



Gold Falls as Fed Cut Hopes Fade after Hawkish Fed Comments

A salesperson shows a gold ring to customers at a jewellery showroom in Ahmedabad, India, October 8, 2025. REUTERS/Amit Dave
A salesperson shows a gold ring to customers at a jewellery showroom in Ahmedabad, India, October 8, 2025. REUTERS/Amit Dave
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Gold Falls as Fed Cut Hopes Fade after Hawkish Fed Comments

A salesperson shows a gold ring to customers at a jewellery showroom in Ahmedabad, India, October 8, 2025. REUTERS/Amit Dave
A salesperson shows a gold ring to customers at a jewellery showroom in Ahmedabad, India, October 8, 2025. REUTERS/Amit Dave

Gold prices reversed earlier gains on Friday as hawkish comments from US Federal Reserve officials clouded prospects for a December rate cut, although they remained set for a weekly gain supported by wider economic uncertainty.

Spot gold fell 0.6% to $4,145.49 per ounce, as of 1153 GMT, after hitting $4,211.06 earlier in the session. Bullion is up 3.7% so far this week.

US gold futures for December delivery fell 1.1% to $4,149 per ounce, Reuters reported.

"Gold prices are receiving support from the cautious mood that has set in across financial markets... however, the upside remains limited by growing doubts about a Federal Reserve rate cut in December, given the lack of fresh economic data," said ActivTrades analyst Ricardo Evangelista.

The US government reopened after a record 43-day shutdown that had disrupted key economic data flows. The White House, however, tempered hopes for clarity on the economy, stating that October's unemployment data may not become available.

"Gold may also be facing pressure from position closing to meet margin calls triggered by declines in equity markets," Evangelista said.

Equity markets tumbled on Friday, following the global selloff triggered by hawkish Fed signals.

Weighing on rate-cut expectations, some Federal Reserve officials have cited inflation concerns and relative labor market stability following two rate cuts earlier this year.

According to CME Group's FedWatch tool, traders now see a 49% probability of a quarter-point rate cut in December, down from 64% earlier this week.

Alex Ebkarian, COO at Allegiance Gold, however, noted that "as the shutdown cost becomes clearer and more spending unfolds, the inflation plus growth uncertainty regime favours precious metals".

Non-yielding gold tends to perform well during periods of economic uncertainty and in low-interest-rate environment.

Meanwhile, physical gold demand across major Asian markets was subdued this week as elevated prices curtailed buying activity, with discounts in India reaching their highest level in five months.

Elsewhere, spot silver edged down 0.1% to $52.26 per ounce and was on track for a weekly gain, up 7.8% so far.

Platinum fell 2% to $1,548.80 on Friday and palladium lost 1.7% to $1,402.75.


Syria, Arab Tourism Organization Sign Program to Boost Tourism and Investment

The multi-axis executive program establishes a shared vision for a comprehensive tourism strategy - SPA
The multi-axis executive program establishes a shared vision for a comprehensive tourism strategy - SPA
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Syria, Arab Tourism Organization Sign Program to Boost Tourism and Investment

The multi-axis executive program establishes a shared vision for a comprehensive tourism strategy - SPA
The multi-axis executive program establishes a shared vision for a comprehensive tourism strategy - SPA

The Syrian Ministry of Tourism and the Arab Tourism Organization (ATO) signed an executive program yesterday at the ATO's headquarters in Jeddah.

The agreement, signed by Syrian Minister of Tourism Mazen Al-Salhani and ATO President Dr. Bandar Al-Fahad, aims to develop and enhance Syrian tourism, attract sustainable investments, and improve sector quality.

The multi-axis executive program establishes a shared vision for a comprehensive tourism strategy, focusing on several practical areas, including investment, which involves attracting investors by leveraging guarantee policies and promoting key opportunities at regional and international events; capacity building, achieved by utilizing the ATO's training programs to enhance Syrian skills, SPA reported.

It also eyes establishing a tourism academy in Syria, and collaborating on qualifying facilities for ISO certification; and promotion and research, which entails conducting studies to increase Arab tourism to Syria and using Syrian tourism statistics to guide future investments.

Al-Salhani noted the importance of the agreement, revealing that the Syrian government has recently signed contracts and memoranda of understanding for tourism investments totaling approximately $1.5 billion.

These projects include the development of existing facilities, the establishment of hotels, resorts, and entertainment cities, and the development of historical areas.

The plans also incorporate handicrafts and traditional industries to reinforce the cultural identity of these facilities.


Makkah Chamber Signs Deal to Boost Innovation, Vision 2030 Talent Empowerment

The agreement outlines several key areas of collaboration, including the exchange of expertise and information - SPA
The agreement outlines several key areas of collaboration, including the exchange of expertise and information - SPA
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Makkah Chamber Signs Deal to Boost Innovation, Vision 2030 Talent Empowerment

The agreement outlines several key areas of collaboration, including the exchange of expertise and information - SPA
The agreement outlines several key areas of collaboration, including the exchange of expertise and information - SPA

The Makkah Chamber signed a memorandum of cooperation with a specialized national company to bolster partnerships in innovation, entrepreneurship, and training, aiming to develop local skills and enhance economic and social growth.

The agreement outlines several key areas of collaboration, including the exchange of expertise and information in the Hajj and Umrah sectors, and the coordination of joint events, workshops, and strategic initiatives to boost operational efficiency, SPA reported.

This partnership is expected to result in the launch of innovative initiatives, the creation of a supportive environment for entrepreneurs, and the implementation of specialized training programs.

Ultimately, this joint effort aims to strengthen the private sector's role in achieving sustainable development goals, create a positive impact on the local labor market, and empower talent aligned with Vision 2030's objectives.