SCAI Launches AI Operations to Compete with Global Technologies

SCAI’s operations will focus on delivering end-to-end cutting-edge AI solutions to prioritized sectors for the Kingdom such as energy and healthcare. (Reuters)
SCAI’s operations will focus on delivering end-to-end cutting-edge AI solutions to prioritized sectors for the Kingdom such as energy and healthcare. (Reuters)
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SCAI Launches AI Operations to Compete with Global Technologies

SCAI’s operations will focus on delivering end-to-end cutting-edge AI solutions to prioritized sectors for the Kingdom such as energy and healthcare. (Reuters)
SCAI’s operations will focus on delivering end-to-end cutting-edge AI solutions to prioritized sectors for the Kingdom such as energy and healthcare. (Reuters)

The Saudi Company for Artificial Intelligence (SCAI), a company wholly owned by the Public Investment Fund (PIF), launched operations to grow and develop artificial intelligence (AI) and emerging technologies industries in the Kingdom.

The company’s operations will focus on delivering end-to-end cutting-edge AI solutions across various disciplines.

These will apply to a wide range of use cases for both businesses and consumers in prioritized sectors for the Kingdom such as energy and healthcare.

SCAI also aims to be the trusted AI provider for smart city practical solutions.

“As PIF’s arm in the AI and emerging technologies sector, the company will develop local capability, cutting edge technology, and strategic partnerships to support creating Saudi-owned solutions in the AI ecosystem,” said SCAI Chairman Dr. Abdullah bin Sharaf al-Ghamdi.

This comes in line with the Kingdom’s Vision 2030 objectives of diversifying and growing the economy and improving the quality of life for Saudi citizens, he added.

“SCAI will be a key enabler to promote the national AI objectives and accelerate technology adoption across various sectors in the Kingdom,” said Ayman Al-Rashid, CEO of SCAI.

“The world is embracing the era of data and information, and AI is rapidly changing the way we live.”

It is critical for Saudi Arabia to invest in the foundations of the sector to unlock long-term sustainable value for all stakeholders in the Kingdom and beyond, he stressed.

SCAI’s mandate comes in line with PIF’s strategy, which focuses on 13 priority sectors, including the technology sector.

Through its mandate, PIF is establishing national champions and enabling the development of new sectors in line with Vision 2030.



US Trade Delegation in Iraq to Boost Economic Ties

 Iraqis walk through the book market in the Mutanabi Street of Baghdad, Iraq, Friday, April 4, 2025. (AP)
Iraqis walk through the book market in the Mutanabi Street of Baghdad, Iraq, Friday, April 4, 2025. (AP)
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US Trade Delegation in Iraq to Boost Economic Ties

 Iraqis walk through the book market in the Mutanabi Street of Baghdad, Iraq, Friday, April 4, 2025. (AP)
Iraqis walk through the book market in the Mutanabi Street of Baghdad, Iraq, Friday, April 4, 2025. (AP)

A US trade delegation representing 60 companies was visiting Iraq to sign economic cooperation agreements with the private sector, Washington's embassy in Baghdad said Tuesday.

The three-day visit, which began on Monday, comes amid fears of an international recession after US President Donald Trump imposed sweeping tariffs on numerous countries, which included 39 percent duties on Iraqi imports.

The US delegation consists of 101 members from 60 companies in the energy, technology and health sectors, who are set to meet with senior Iraqi officials and sign agreements, said an embassy statement to AFP.

It is the largest US trade mission to Iraq in the more than 100-year history of the United States Chamber of Commerce, the embassy added.

In a post on X, the US mission said that a "pivotal memorandum of understanding to strengthen ties between the US and Iraqi private sectors" was signed on Monday between the US Chamber of Commerce and the Federation of Iraqi Chambers of Commerce.

"This partnership will foster long-term economic collaboration," it said.

According to the office of the US trade representative in Iraq, total goods trade with the oil-rich country reached $9.1 billion in 2024, with US exports amounting to $1.7 billion.

US goods imports from Iraq totaled $7.4 billion.

During the visit, Iraq is expected to sign a "landmark agreement" with General Electric to develop a high-efficiency power plant, according to Farhad Alaaldin, foreign policy adviser to the Iraqi Prime Minister Mohammed Shia al-Sudani.

Last year, during Sudani's visit to Washington, Iraq and the United States signed several memoranda of understanding in the energy sector, including one with General Electric to ensure the maintenance of the Iraqi electricity grid.

Iraq's power plants are currently highly dependent on gas imported from Iran, which provides about a third of its neighbor's energy needs.

But Tehran has often cut supplies, exacerbating regular power outages.

Baghdad has repeatedly stressed the need to diversify energy sources to reduce its dependence on Iran.

Iraq has been trying to move past decades of war and unrest, including a sectarian struggle after the US-led invasion 2003 toppled Saddam Hussein.