HP CEO Announces Launch of 1st Advanced Manufacturing Facility in Riyadh, Creating Thousands of Jobs

HP’s President and CEO, Enrique Lores (Asharq Al-Awsat)
HP’s President and CEO, Enrique Lores (Asharq Al-Awsat)
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HP CEO Announces Launch of 1st Advanced Manufacturing Facility in Riyadh, Creating Thousands of Jobs

HP’s President and CEO, Enrique Lores (Asharq Al-Awsat)
HP’s President and CEO, Enrique Lores (Asharq Al-Awsat)

Saudi Arabia continues to attract global investments as it builds a future-ready economy in line with its ambitious Vision 2030.

In the latest development, HP Inc. announced plans to establish an advanced manufacturing facility in Riyadh, a Center of Excellence for AI and R&D in Dhahran, and expand initiatives to equip young Saudis with digital skills. These efforts underscore HP’s commitment to making Saudi Arabia a hub for technology and innovation.

In an exclusive interview with Asharq Al-Awsat, HP’s President and CEO, Enrique Lores, highlighted the vast potential in Saudi Arabia, emphasizing that these strategic AI investments will accelerate regional growth. He reaffirmed HP’s dedication to manufacturing, education, and research, all aimed at fostering innovation and supporting the company’s global expansion.

A key component of HP’s investment is the launch of a high-tech manufacturing facility in Riyadh. Under the “Made in Saudi Arabia” initiative, the company aims to increase local production to serve domestic and regional markets while enhancing supply chain efficiency by reducing reliance on external manufacturing.

Lores explained that this investment will create thousands of jobs by 2027, nurture local talent, and contribute to economic growth. He noted that this is not only HP’s first manufacturing facility in the Middle East but also one of its few worldwide, reflecting the company’s long-term commitment to Saudi Arabia.

HP will begin by manufacturing desktop computers, followed by laptops and printers, establishing Saudi Arabia as a regional leader in tech production. Lores stressed that the investment goes beyond meeting local demand—it aims to position Saudi Arabia as a hub for technology manufacturing and exports.

According to Lores, HP is also making a major push into AI research and development with the launch of its Center of Excellence for AI and R&D in Dhahran. The center will play a key role in developing AI-powered solutions for sectors such as healthcare, smart cities, and energy. It will also train Saudi talent in AI development and commercialization, collaborating with global AI experts and Saudi companies to create cutting-edge applications.

Unlike traditional AI research centers that focus primarily on large-scale models, HP’s Center of Excellence will prioritize practical AI applications to help businesses seamlessly integrate AI-driven solutions.

Lores explained that the center’s focus will be on AI applications in smart cities, healthcare, and energy, with flexibility to adapt based on industry needs. HP also aims to attract top international AI specialists to Saudi Arabia, fostering a thriving AI ecosystem in the Kingdom.

He emphasized that transforming Saudi Arabia into a global AI hub requires both investing in local talent and drawing top AI experts from around the world.

HP is reinforcing its commitment to education and workforce development by training teachers to integrate AI into classrooms. The company is also collaborating with policymakers to develop AI-driven curricula, equipping students with essential AI skills through interactive learning and gaming.

Lores stressed that building a strong digital economy requires investment in education at all levels, from teacher training to designing AI-integrated curricula for students.

A major part of this effort is the HP Gaming Garage Lab at the Saudi Electronic University, launched in June 2024. The lab offers micro-certifications in AI, gaming, and technology, providing a direct pathway to employment in Saudi Arabia’s growing tech sector.

Through these initiatives, HP is actively shaping Saudi Arabia’s digital future and enhancing its global competitiveness in emerging technologies. Lores reaffirmed HP’s commitment to being a key player in Saudi Arabia’s digital transformation, manufacturing sector, and AI development.

He concluded: “Our investments reflect HP’s deep commitment to supporting the ambitious goals of Vision 2030.”



Turkmenistan, China Launch Expansion of World’s Second-largest Gas Field

Former Turkmen president Gurbanguly Berdymukhamedov and Chinese Vice Premier Ding Xuexiang applaud during a ceremony launching the fourth of seven planned development phases at Galkynysh gas field, the world's second-largest gas field in the Karakum desert about 400 kilometres (250 miles) east of the capital Ashgabat, on April 17, 2026. (Photo by AFP)
Former Turkmen president Gurbanguly Berdymukhamedov and Chinese Vice Premier Ding Xuexiang applaud during a ceremony launching the fourth of seven planned development phases at Galkynysh gas field, the world's second-largest gas field in the Karakum desert about 400 kilometres (250 miles) east of the capital Ashgabat, on April 17, 2026. (Photo by AFP)
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Turkmenistan, China Launch Expansion of World’s Second-largest Gas Field

Former Turkmen president Gurbanguly Berdymukhamedov and Chinese Vice Premier Ding Xuexiang applaud during a ceremony launching the fourth of seven planned development phases at Galkynysh gas field, the world's second-largest gas field in the Karakum desert about 400 kilometres (250 miles) east of the capital Ashgabat, on April 17, 2026. (Photo by AFP)
Former Turkmen president Gurbanguly Berdymukhamedov and Chinese Vice Premier Ding Xuexiang applaud during a ceremony launching the fourth of seven planned development phases at Galkynysh gas field, the world's second-largest gas field in the Karakum desert about 400 kilometres (250 miles) east of the capital Ashgabat, on April 17, 2026. (Photo by AFP)

Turkmenistan and China broke ground Friday on works to expand production at the giant Galkynysh gas field, strengthening Beijing's already dominant position in the secretive Central Asian nation's energy sector.

The former Soviet republic, which holds the world's fourth-largest gas reserves, has exported nearly all its production to China since 2009, when the Central Asia-China pipeline opened.

In the middle of the desert, former president Gurbanguly Berdymukhamedov -- who effectively runs the country alongside his son, President Serdar Berdymukhamedov -- formally inaugurated the launch of the fourth of seven planned development phases at Galkynysh.

The ceremony was attended by Chinese Vice Premier Ding Xuexiang, an AFP correspondent saw.

"Turkmen gas is a symbol of happiness -- it is present in every Chinese household," Ding said.

The event featured songs and dances celebrating Turkmen-Chinese friendship, staged with the lavish pomp typical of Turkmenistan's state-sponsored events.

Gurbanguly Berdymukhamedov, officially titled "Hero-Protector" and vested with sweeping powers, presided over the gathering.

Galkynysh, in the Karakum desert about 400 kilometers (250 miles) east of the capital Ashgabat, has been producing gas since 2013 and is the world's second-largest gas field, according to the British consulting firm GaffneyCline.

Expansion works are being carried out by the state-owned China National Petroleum Corporation (CNPC).

On a visit to Ashgabat the day before the ceremony, CNPC chairman Dai Houliang said "the friendship between China and Turkmenistan is as deep as the roots of a tree."


$27 Billion City to be Built East of Cairo

The project covers approximately 2.4 million square meters of land. Asharq Al-Awsat
The project covers approximately 2.4 million square meters of land. Asharq Al-Awsat
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$27 Billion City to be Built East of Cairo

The project covers approximately 2.4 million square meters of land. Asharq Al-Awsat
The project covers approximately 2.4 million square meters of land. Asharq Al-Awsat

Egypt's Talaat Moustafa Group (TMG) will build a new 1.4 trillion Egyptian pound ($27 billion) mixed-use city east of Cairo, CEO and Managing Director Hisham Talaat Moustafa said at a press conference on Saturday.

The project, called The Spine, is to be developed in partnership with ⁠the National Bank ⁠of Egypt, with a paid-up capital of 69 billion Egyptian pounds ($1.3 billion).

The project, to be built as a Special Investment ⁠Zone with TMG's Madinaty, covers approximately 2.4 million square meters of land, combining residential, commercial, hospitality, retail, entertainment, and public green space within a single continuous urban environment.

The investment is equivalent to roughly 1% of Egypt's GDP, according to Moustafa, and is ⁠projected ⁠to generate approximately 818 billion Egyptian pounds in tax revenues for the state budget over time.

The project is expected to create more than 55,000 direct jobs and hundreds of thousands of indirect positions.


Türkiye Says Iran Gas Pipeline Contract Nearing Expiry, No Talks Yet on Extension

Türkiye's Minister of Energy and Natural Resources Alparslan Bayraktar -  REUTERS/Umit Bektas
Türkiye's Minister of Energy and Natural Resources Alparslan Bayraktar - REUTERS/Umit Bektas
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Türkiye Says Iran Gas Pipeline Contract Nearing Expiry, No Talks Yet on Extension

Türkiye's Minister of Energy and Natural Resources Alparslan Bayraktar -  REUTERS/Umit Bektas
Türkiye's Minister of Energy and Natural Resources Alparslan Bayraktar - REUTERS/Umit Bektas

Türkiye's long-term contract for importing natural gas from Iran is due to expire in the coming months, and the two countries could hold talks on a possible extension, though no negotiations are under way yet, Türkiye's energy minister said on Saturday.

The agreement, due to expire in July, provides for delivery of 9.6 billion cubic metres of gas a year, but actual flows have often fallen short, Reuters reported.

Türkiye imported 7.6 bcm from Iran last year, accounting for 13% of total gas imports. Regulator data show the pipeline last hit the contracted volume in 2022.

"According to our forecast, we might need this gas pipeline or the gas flow from Iran for the security of supply of Türkiye. There is no negotiation right now ongoing. I think they are busy with so many other things. But we might sit and discuss a potential extension," Alparslan Bayraktar told reporters on the sidelines of a diplomacy forum in the southern Turkish province of Antalya.

"But we haven't started a negotiation during the current circumstances in the region," Bayraktar said, referring to the Iran war.

Bayraktar also said Türkiye was seeking to diversify natural gas supplies, including through Russian liquefied natural gas.