عربي English Türkçe اردو فارسى
Logo
Latest News
Business

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)
TT
TT

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.

Most Viewed

 
 
Business

Gold Rallies as Dollar, Treasury Yields Soften after US Midterm Results

Gold chips displayed at a state-owned gold retail store in Surabaya, East Java (AFP)
Gold chips displayed at a state-owned gold retail store in Surabaya, East Java (AFP)
TT
TT

Gold Rallies as Dollar, Treasury Yields Soften after US Midterm Results

Gold chips displayed at a state-owned gold retail store in Surabaya, East Java (AFP)
Gold chips displayed at a state-owned gold retail store in Surabaya, East Java (AFP)

Gold climbed to its highest level in over two weeks on Thursday as the fallout from the US midterm election results rippled through the global financial and oil markets.

Spot gold rose 1.6% to $4,124.89 per ounce by 0752 GMT. It touched $4,146.63 per ounce, its highest level since October 20, earlier in ‌the session.

Bullion ‌climbed about 3.4% on Wednesday, its biggest ‌daily gain ⁠since August 19.

US ⁠gold futures for December delivery climbed 1.5% to $4,135.40, Reuters said.

A weaker dollar and lower Treasury yields have helped gold recover above the key $4,000 level, though holding above that threshold remains crucial for the recovery outlook, said Linh Tran, market analyst at XS.com.

"If investment flows and yield movements continue to provide support, gold could stabilize ⁠above $4,000, also opening up an opportunity for a ‌recovery toward $4,200, followed by $4,400."

Oil prices ‌were slightly higher after earlier falling for a fourth day on ‌expectations that the losses US President Donald Trump's Republican Party ‌suffered in congressional elections this week may reduce the risk of further escalation of the US-Israeli war with Iran.

Lower energy prices ease inflationary pressures, reducing expectations that the central bank will keep interest rates higher ‌for longer, supporting the appeal of non-yielding bullion.

The dollar slid to its lowest in more ⁠than a ⁠month, and 10-year US Treasury yield fell to its lowest since September 10.

A weaker dollar makes greenback-priced bullion more affordable for holders of other currencies.

Market participants now await the US non-farm payrolls report on Friday to further gauge the Federal Reserve's monetary policy outlook.

Meanwhile, Citi has a 0-3 month price target of $4,500 per ounce for gold, the brokerage said on Wednesday, as it sees substantial upside potential if the Strait of Hormuz reopens and the Yemen/Saudi conflict de-escalates.

Among other metals, spot silver rose 0.8% to $52.63 per ounce, platinum gained 1.2% to $1,514.20 and palladium climbed 2.2% to $1,026.83.

Business

Tech Hit by New AI Worries on Positive Day for Most Markets

Hong Kong stocks rallied more than three percent on a broadly healthy day for Asian markets. Leung Man Hei / AFP
Hong Kong stocks rallied more than three percent on a broadly healthy day for Asian markets. Leung Man Hei / AFP
TT
TT

Tech Hit by New AI Worries on Positive Day for Most Markets

Hong Kong stocks rallied more than three percent on a broadly healthy day for Asian markets. Leung Man Hei / AFP
Hong Kong stocks rallied more than three percent on a broadly healthy day for Asian markets. Leung Man Hei / AFP

Tech firms tumbled Thursday as investors contemplated the outlook for the AI boom after Democrats swept the US midterms, partly on the back of growing anger over the rapid building of data centers across the country.

However, broader markets mostly rallied and oil plunged after Donald Trump's Republicans were dealt a historic defeat that was blamed on high prices, tariffs and the Iran war.

The result stoked hopes he will look to wind down the Middle East conflict, which would help temper inflation and even soften his stance on trade.

But AI-linked firms came under the cosh amid fears for planned data center construction projects as well as renewed scrutiny from newly installed Democrats on Capitol Hill.

The sector had already been in the crosshairs of investors owing to questions about the vast sums pumped into new facilities, R&D and chip development, and when any companies would see a profit.

Charu Chanana at Saxo Markets said the vote was accelerating a reassessment of AI that was already under way.

"A Democratic Congress introduces another layer of uncertainty: regulatory scrutiny," she wrote, adding that the three main risks were more oversight, data center restrictions and capital spending uncertainty.

"The congressional scrutiny could accelerate demands for AI safety standards, independent model evaluations and greater accountability for data center developers," she added.

However, she also said: "This is not the same as an outright anti-AI policy agenda. AI is strategically important for US competitiveness, particularly against China, and there remains considerable bipartisan interest in maintaining American leadership."

Chip firms were hammered in Asia, with South Korea's SK hynix off more than seven percent and Samsung 5.5 percent down.

Tokyo-listed Kioxia dived more than 13 percent and Advantest tanked 14.7 percent, while Tokyo Electron lost more than nine percent and SoftBank 6.8 percent.

US Nasdaq futures fell more than one percent.

Broader markets performed better as investors rotated into other sectors including finance, auto, mining and manufacturing names.

Seoul, the poster child of the AI-led surge in the first half of the year, shed more than five percent, while Taipei lost more than three percent. Tokyo gave up 1.8 percent.

But there were healthy gains in Hong Kong, helped by hopes for an easing of trade tensions between the US and China, with tech titans including Alibaba, JD.com and Tencent leading the way amid a shift into beaten-down regional stocks.

Shanghai, Sydney, Singapore, Wellington, Mumbai, Jakarta and Manila also advanced.

Oil continued to fall after diving more than eight percent Wednesday on the US result amid optimism Trump will seek a deal to end the Iran war, which has been a key driver of the inflation spike that has hammered US consumers.

Hopes were given a boost when Vice President JD Vance said in a social media post that the Republican defeat was due to the unpopularity of the eight-month-old conflict.

The drop in crude prices -- both main contracts are now below $100 for the first time since the start of October -- has also tempered inflation worries and, in turn, Treasury yields, which dipped again Thursday.

The lower cost of borrowing has also been helped by the prospect that gridlock on Capitol Hill would lead to less spending.

That also weighed on the dollar, which held losses against its peers in Asian trade.

Business

Türkiye Showcases Renewables Surge, but Leaves Coal Intact

Türkiye is rapidly expanding its renewable energy capacity. But as host of COP31, the country faces growing pressure to match its clean energy ambitions with a clear commitment to phase out fossil fuels. Yasin AKGUL / AFP
Türkiye is rapidly expanding its renewable energy capacity. But as host of COP31, the country faces growing pressure to match its clean energy ambitions with a clear commitment to phase out fossil fuels. Yasin AKGUL / AFP
TT
TT

Türkiye Showcases Renewables Surge, but Leaves Coal Intact

Türkiye is rapidly expanding its renewable energy capacity. But as host of COP31, the country faces growing pressure to match its clean energy ambitions with a clear commitment to phase out fossil fuels. Yasin AKGUL / AFP
Türkiye is rapidly expanding its renewable energy capacity. But as host of COP31, the country faces growing pressure to match its clean energy ambitions with a clear commitment to phase out fossil fuels. Yasin AKGUL / AFP

On a windy hillside about an hour's drive northwest of Istanbul, the Catalca power plant was one of Türkiye's first large-scale wind farms and has been feeding electricity into the grid for 18 years.

With an installed capacity of 93 megawatts, it generates 287 million kilowatt-hours of electricity a year, enough for around 115,000 households, said AFP.

"By replacing electricity that would otherwise come from fossil fuel-fired power plants, this output avoids 185,936 tons of carbon emissions each year," operator Sanko Enerji says.

Nearly two decades on, Catalca is one of nearly 300 wind farms, its giant turbines a symbol of the rapidly expanding capacity for renewable energy in Türkiye which is hosting the COP31 UN climate summit that opens in Antalya on Monday.

Last year, 43 percent of Türkiye's electricity came from clean energy sources, of which wind and solar accounted for 22 percent, according to energy think tank Ember.

With electrification emerging as one of the central themes of COP31, Türkiye has been pushing hard for it to be an implementation-focused summit that turns existing climate pledges into action.

Energy Minister Alparslan Bayraktar has outlined plans to triple Türkiye's installed solar and wind capacity from around 40 gigawatts to 120 gigawatts by 2035.

But with coal still the leading source of power generation, Türkiye is under pressure to pair its impressive renewables growth with a definitive shift away from fossil fuels.

Not only is it still building coal-fired power plants, it has yet to set a date to phase out fossil fuels.

- Coal still dominant -

"Türkiye's continued reliance on coal, alongside plans for further expansion, highlights the contradiction at the heart of its current trajectory," Duygu Kutluay of Beyond Fossil Fuels told AFP.

Embracing an electrification agenda alone did not amount to a genuine energy transition because "coal remains the country's largest source of electricity generation", she said.

Coal-fired power plants accounted for 33.5 percent of Türkiye's electricity production in 2025, energy ministry figures show, with Ember saying almost two-thirds of its coal was imported.

Plans to expand coal capacity "risk locking in further fossil-fuel dependence", she warned.

"As Türkiye increases renewable capacity, it must ensure clean electricity replaces fossil-fuel generation rather than simply meeting additional demand," Kutluay said.

The challenge is not only expanding renewables but establishing "a clear pathway to phase out coal".

Asked about Türkiye's continuing reliance on coal, Bayraktar told AFP in February that Ankara prioritized securing affordable energy supplies and reducing dependence on imports.

"Coal can initially be replaced with gas, but in the medium and long term it can be substituted with nuclear," he said.

Ibrahim Erden, president of the Turkish Wind Energy Association, said every country's transition was different with "no single path that suits everyone".

- Need for investment -

Emin Emrah Danis, chief executive of MOBEN consultancy, said Türkiye's energy policy was shaped by rising electricity demand and the need for "baseload" generation to deliver constant power around the clock.

"This is why Türkiye has invested heavily in gas- and coal-fired power plants over the past 30 years," he told AFP.

"For coal's share of power generation to fall to meaningful levels, Türkiye needs substantial investment in electricity storage and nuclear power," he said, referring to battery storage for renewable power.

Türkiye is currently putting the finishing touches on the first reactor of its Akkuyu nuclear power plant, which should be online by the start of 2027, Bayraktar told an energy summit last week.

But Türkiye's nuclear expansion, with two more plants in the pipeline, was unlikely to add enough baseload capacity to replace coal-fired electricity generation before around 2040, Danis said.

And coal would likely remain part of the energy mix for decades, with the need for baseload power and dependence on imports making a full phase-out infeasible before "the mid-2050s".

Türkiye relies heavily on imports of oil, natural gas and coal from countries like Russia, Iran and Azerbaijan.

Erden said infrastructure updates were essential to give greater place to renewables.

"We cannot simply shut down coal-fired power plants today and rely solely on wind and solar energy ... The technological and physical infrastructure is not yet capable of supporting that."

Beyond the climate argument, geopolitical tensions have also strengthened the case for domestic renewables.

"Renewables ... are not only one of the most effective tools for tackling climate change, but also an important means of strengthening energy security and reducing dependence on foreign supplies," he said.