Technology, Investments Boost Saudi Arabia's Shift to Digital Economy

People attend LEAP 2022, which concluded on Thursday. (Asharq Al-Awsat)
People attend LEAP 2022, which concluded on Thursday. (Asharq Al-Awsat)
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Technology, Investments Boost Saudi Arabia's Shift to Digital Economy

People attend LEAP 2022, which concluded on Thursday. (Asharq Al-Awsat)
People attend LEAP 2022, which concluded on Thursday. (Asharq Al-Awsat)

LEAP 2022, the global technology platform, uncovered Saudi Arabia's readiness to address technical solutions and requirements that can address future challenges amid the development of the sector in the Kingdom.

Several international companies asserted to Asharq Al-Awsat the importance of the conference, which revealed the future technologies, stressing that Saudi Arabia is steadily racing to become among the first countries that invest in future technology.

Several businessmen and economists said the conference explored the importance of partnerships between the public and private sectors to accelerate the Saudi drive towards achieving digital transformation.

They also believed that it would enhance the knowledge-based and green economies and develop technology for advanced industries that are possible for clean energy, seeking to achieve zero emissions.

Saudi Arabia is defining technology features in the Middle East through LEAP 2022.

Entrepreneurs

Unifonic CEO Ahmed Hamdan told Asharq Al-Awsat that companies seek such exhibitions to present the public with new solutions, given that the establishments are aware of market developments in the field of technology.

Hamdan indicated that the conference witnessed fantastic technical innovations and presentations, bringing together all local and international companies under one roof.

He revealed that several agreements were concluded between significant companies, highlighting their desire to develop and provide their best.

Through the conference, Unifonic tried to produce and showcase products to the market very quickly, said Hamdan, adding that the company will launch several initiatives.

He noted that the Saudi Ministry of Communications and Information Technology encourages small companies to become large and compete with high technologies.

The CEO added that Saudi Arabia is developing in the sector by adopting technologies and financial support to entrepreneurs.

The Ministry is also directing startups and providing them with appropriate solutions to achieve their desired goals, said the CEO, adding that this will empower startups and grant them a chance to develop in the future.

Supporting inventions

Vice President for Software AG in the Middle East Ahmad Salama explained that LEAP 2022 is a platform for a global vision for the technical community and is compatible with Vision 2030.

Salama indicated that projects, such as NEOM and the Red Sea, aim to achieve a future fueled by inventions, livability and sustainability for a prosperous economy.

He believes that this vision is also founded on a "connected enterprise" philosophy, which is adopted and supported by Software AG to support its progress and achieve transformation goals in Saudi Arabia and the world.

Software AG will continue to share global best practices and innovate new ones as a member of the thriving Saudi digital community, invest in the Kingdom's economy and its youth, and align with the Vision of mobilizing this technological advancement across the public and private sectors.

Saudi investor Abdullah al-Malehi, and head of Tamayouz, confirmed to Asharq Al-Awsat that the conference provided an opportunity for the business sector in technical industries to cooperate through opportunities that enhance the Saudi goals in cooperation with the public sector.

Malehi indicated that these partnerships are possible for digital transformation and shaping the future of banks in advanced technologies, noting that the local market is significant in advanced technology.

He explained that Saudi Arabia seeks to diversify its oil-dependent economy, noting that the announced investment includes contributions from major Saudi companies.

Gulf countries are working on initiatives to promote non-oil growth, said Malehi, stressing at the same time that the Kingdom will pump hundreds of billions of dollars in economic transformation represented by Vision 2030.

A large number of investments will be injected into the local market.

Artificial superintelligence

SingularityNET CEO Ben Goertzel pointed out that artificial intelligence is still limited, indicating that the development accompanying the digital infrastructure will transform it to Superintelligence.

Speaking at the "Scaling Up Decentralized AI to Power Global Transformation" session, during the third day of LEAP, Goertzel explained that everyone would be able to maximize the use of this technology.

Meanwhile, CEO of RMA Advisory Renato de Castro explained during "Metaverse VR Immersive" that the demand for virtual reality immersive experiences is accelerating, especially as it allows moving with ease.

De Castro explained that the number of Metaverse VR users has grown during the coronavirus pandemic, with over 90 players registering in a short period.

He explained that users spent over $40 million in purchases from this big and exciting market, predicting its volume to reach $100 billion soon.

Digital infrastructure

VMware regional director Saif Mashat said that the company is continuing to achieve its strategies and record-high levels of success in digital infrastructure projects, pointing out that it will expand to new projects in the Saudi market.

He explained that VMware is establishing future projects in line with the significant goals of Vision 2030, which necessitates that everyone unite their efforts and engage in professional cooperation.

The company focuses on training Saudi youth in cooperation with Saudi universities, said Mashat, announcing an agreement with the Prince Sultan University to train young men and girls on many digital skills and qualify faculty members to provide educational programs and content.

He indicated that the company would grant accredited certificates to the trainees.

Mashat also announced the company has several future agreements with some universities and sectors to train and qualify youths on technical programs and skills that the labor market requires.

He revealed plans with various sectors in 2022, namely projects to establish a distinguished digital infrastructure that matches the tremendous digital transformation witnessed by the Kingdom.



Microsoft Arabia: Saudi Arabia Accelerates AI Adoption, Turns It Into Competitive Edge

A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, US, June 14, 2016. REUTERS/Lucy Nicholson
A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, US, June 14, 2016. REUTERS/Lucy Nicholson
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Microsoft Arabia: Saudi Arabia Accelerates AI Adoption, Turns It Into Competitive Edge

A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, US, June 14, 2016. REUTERS/Lucy Nicholson
A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, US, June 14, 2016. REUTERS/Lucy Nicholson

Saudi Arabia has cemented its global standing in artificial intelligence after pouring significant investments into the sector in 2025, accelerating digital transformation and expanding real-world applications across government and the wider economy.

From education and manufacturing to energy and public services, AI is being deployed to advance the diversification goals of Saudi Vision 2030.

Turki Badhris, president of Microsoft Arabia, said the kingdom is experiencing unprecedented momentum in adopting AI as a strategic lever to raise competitiveness and improve performance across vital sectors.

Artificial intelligence has become central to the national transformation journey, he told Asharq Al-Awsat.

Linking transformation

Saudi Arabia’s overhaul spans digital government modernization, the construction of megacities and large-scale projects, industrial development, and the creation of new economic sectors, Badhris said.

AI, he added, is the connective tissue binding these efforts together by enabling smarter infrastructure and more efficient public services.

In 2025, Microsoft expanded cooperation with government and regulatory bodies, as well as major companies, to accelerate the adoption of AI and cloud computing across education, industry, financial services, and government operations.

Turning point year

Badhris described 2025 as a watershed for AI in the kingdom, marked by a shift to broad, sector-wide deployment.

In digital government, training programs implemented with the Digital Government Authority aim to equip more than 100,000 public sector employees with cloud and AI skills, enhancing service delivery and user experience.

In education, AI literacy initiatives have been scaled up in partnership with the Ministry of Education and the Ministry of Communications and Information Technology, alongside the rollout of generative AI tools and digital learning technologies in schools.

Manufacturers have adopted AI-driven predictive maintenance and real-time operational data analysis, cutting downtime and improving efficiency and reliability.

In energy and sustainability, AI solutions are being used to optimize water and energy asset management, including predictive maintenance and intelligent process control, delivering operational savings while supporting emissions reduction and sustainability targets.

Sovereign cloud push

Badhris said the launch of Microsoft’s cloud region in Saudi Arabia, planned for 2026, will mark a qualitative leap by allowing government entities and regulated sectors to run critical workloads in a secure local environment, ensuring data sovereignty and enabling low-latency innovation.

He added that regulatory frameworks developed by relevant authorities have bolstered trust in AI adoption by balancing individual protection with incentives for innovation.

From tools to partners

Looking ahead, Badhris said 2026 will see AI evolve from support tools into “work partners” capable of collaboration and initiative in complex tasks.

The shift will be felt across government services, industry, megaprojects such as Qiddiya and The Red Sea Project, and healthcare.

Advanced AI systems, he said, will sharpen operational efficiency, lift productivity, and enhance service quality, while moving from reactive oversight to proactive governance frameworks that ensure safe and responsible use.

Saudi Arabia, Badhris said, is not simply adopting AI but helping shape its future, investing in sovereign infrastructure, building national capabilities, and embedding responsible-use principles to drive sustainable economic growth and entrench its position as a global technology power.


Lockheed Martin: Saudi Arabia Is Strategic Choice for Global Defense Hub

Lockheed Martin took part in the recent World Defense Show in Riyadh. (Asharq Al-Awsat)
Lockheed Martin took part in the recent World Defense Show in Riyadh. (Asharq Al-Awsat)
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Lockheed Martin: Saudi Arabia Is Strategic Choice for Global Defense Hub

Lockheed Martin took part in the recent World Defense Show in Riyadh. (Asharq Al-Awsat)
Lockheed Martin took part in the recent World Defense Show in Riyadh. (Asharq Al-Awsat)

Saudi Arabia’s push to localize half of its defense spending under Vision 2030 is drawing deeper commitments from US defense giant Lockheed Martin, which says it will expand local manufacturing, transfer advanced technologies, and further integrate the Kingdom into its global aerospace and defense supply chains.

Building Saudi partnerships

Steve Sheehy, vice president for international business development at Lockheed Martin’s aeronautics division, said the company is stepping up efforts to partner with both established and emerging Saudi aerospace firms.

Lockheed Martin is looking to build partnerships across maintenance, repair and overhaul, as well as component manufacturing and repair, particularly in advanced avionics, Sheehy told Asharq Al-Awsat.

Speaking after the company’s participation in the World Defense Show in Riyadh, he said Lockheed Martin is also targeting emerging fields such as additive manufacturing, from plastics to metals, and advanced composite materials.

The goal, he said, is twofold: plug gaps in the company’s global supply chain while transferring know-how and strengthening local capabilities in a mutually beneficial model.

Sheehy described the Saudi aerospace sector as established and growing. He also noted that it has a solid base in maintenance and manufacturing, as well as a clear shift toward advanced technologies, creating room for deeper collaboration between national firms and global industry leaders.

Alignment with Vision 2030

Retired Brigadier General Joseph Rank, chief executive of Lockheed Martin in Saudi Arabia and Africa, said the company’s strategy in the Kingdom is rooted in a long-term partnership aligned with Vision 2030, especially the target of localizing 50 percent of defense spending.

Lockheed Martin, he said, is focused on transferring knowledge and advanced technologies, developing local industrial capabilities and building an integrated defense ecosystem that positions Saudi Arabia firmly within global supply chains.

Rank said the company is working closely with government entities and national companies to strengthen local manufacturing, empower Saudi talent and establish a sustainable industrial base that supports innovation and creates high-quality jobs.

Lockheed Martin is advancing manufacturing and repair work on defense equipment, including components of the THAAD air defense system, missile launch platforms, and interceptor missile canisters, in cooperation with Saudi partners, Rank said.

The company has also opened a maintenance center in Riyadh for the Sniper Advanced Targeting Pod system, the first of its kind in the Middle East, to enhance maintenance and technical support capabilities.

Beyond hardware, Lockheed Martin is investing in transferring and localizing advanced technologies in air defense, command and control, and digital manufacturing. It is also supporting science, technology, engineering and mathematics programs and hands-on training in cooperation with national universities.

Broad local network

Rank said the company relies on a wide network of partners in the Kingdom. At the forefront are the General Authority for Military Industries, the main government partner in localization agreements, and Saudi Arabian Military Industries, a key manufacturing and technology transfer partner.

Other collaborators include the Advanced Electronics Company for advanced systems maintenance, the Middle East Propulsion Company and AIC Steel for producing THAAD components and platforms, and the National Company for Mechanical Systems for advanced manufacturing technologies.

Academic partnerships extend to King Abdullah University of Science and Technology, King Saud University, King Fahd University of Petroleum and Minerals, and Princess Nourah bint Abdulrahman University, supporting research and developing national talent.

Localizing aerospace manufacturing

Rank said localizing aerospace manufacturing is a strategic priority. Lockheed Martin has launched projects to produce interceptor missile launch platforms and canisters inside the Kingdom and awarded contracts for key components to Saudi companies, qualifying them to join its global supply network beyond the US.

The company is evaluating and qualifying hundreds of Saudi firms to produce defense equipment to international standards, focusing on technology transfer and building local expertise as a step toward manufacturing more integrated systems in the future.

Company officials said the approach goes beyond supplying systems. It centers on technology transfer, digital manufacturing, and command-and-control systems, laying the groundwork for the production of integrated systems in the Kingdom and strengthening Saudi Arabia’s position as a regional hub for aerospace and defense.


Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
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Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)

Türkiye Petrolleri (TPAO) has signed a partnership agreement with Shell to carry out exploration work in Bulgaria's maritime zone, the Turkish energy ministry and British oil major said on Wednesday.

European Union member Bulgaria, which had been totally dependent on Russian gas until 2022, has been seeking to diversify its gas supplies and find cheaper sources, Reuters reported.

TPAO and Shell will jointly explore the Khan Tervel block, located near Türkiye's Sakarya gas field, and will hold a five-year licence in Bulgaria's exclusive economic zone, Minister Alparslan Bayraktar said.

Shell will continue as operator of the block, while TPAO will take a 33% interest in the licence, a Shell spokesperson said.

Since the start of this year, TPAO has signed energy cooperation agreements with ExxonMobil, Chevron and BP for possible exploration work in the Black Sea and the Mediterranean.

In April, Shell signed a contract with Bulgaria's government to allow the oil major to explore 4,000 square metres in the block.