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.



Saudi Arabia, Syria Sign Joint Airline and Telecoms Deals

Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
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Saudi Arabia, Syria Sign Joint Airline and Telecoms Deals

Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)

Syria and Saudi Arabia signed deals Saturday that include a joint airline and a $1-billion project to develop telecommunications, officials said, as Syria seeks to rebuild after years of war.

The new authorities in Damascus have worked to attract investment and have signed major agreements with several companies and governments.

Syrian Investment Authority chief Talal al-Hilali announced a series of deals including "a low-cost Syrian-Saudi airline aimed at strengthening regional and international air links".

The agreement also includes the development of a new international airport in the northern city of Aleppo, and redeveloping the existing facility.

Hilali also announced an agreement for a project called SilkLink to develop Syria's "telecommunications infrastructure and digital connectivity".

Syrian Telecommunications Minister Abdulsalam Haykal told the signing ceremony that the project would be implemented "with an investment of around $1 billion".

For decades, Syria was unable to secure significant investments because of Assad-era sanctions.

But the United States fully removed its remaining sanctions on Damascus late last year, paving the way for the full return of investments.

Syria and Saudi Arabia also inked an agreement on water desalination and development cooperation on Saturday.

At the ceremony, Saudi Investment Minister Khalid Al-Falih announced the launch of an investment fund for "major projects in Syria with the participation of the (Saudi) private sector".

The deals are part of "building a strategic partnership" between the two countries, he said.

Syria's Hilali said the agreements targeted "vital sectors that impact people's lives and form essential pillars for rebuilding the Syrian economy".

Syria has begun the mammoth task of trying to rebuild its shattered infrastructure and economy.

In July last year, Riyadh signed investment and partnership deals with Damascus valued at $6.4 billion to help rebuild the country's infrastructure, telecommunications and other major sectors.

A month later, Syria signed agreements worth more than $14 billion, including investments in Damascus airport and other transport and real estate projects.

This week, Syria signed a preliminary deal with US energy giant Chevron and Qatari firm Power International to explore for oil and gas offshore.


India’s Modi Lauds Interim Trade Pact After US Tariff Rollback

Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
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India’s Modi Lauds Interim Trade Pact After US Tariff Rollback

Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)

Indian Prime Minister Narendra Modi on Saturday hailed an interim trade agreement with the United States, saying it would bolster global growth and deepen economic ties between the two countries.

The pact cuts US "reciprocal" duties on Indian products to 18 percent from 25 percent, and commits India to large purchases of US energy and industrial goods.

US President Donald Trump, while announcing the deal Tuesday, had said Modi promised to stop buying Russian oil over the war in Ukraine.

The deal eases months of tensions over India's oil purchases -- which Washington says fund a conflict it is trying to end -- and restores the close ties between Trump and the man he describes as "one of my greatest friends."

"Great news for India and USA!" Modi said on X on Saturday, praising US President Donald Trump's "personal commitment" to strengthening bilateral ties.

The agreement, he said, reflected "the growing depth, trust and dynamism" of their partnership.

Modi's remarks came hours after Trump issued an executive order scrapping an additional 25 percent levy imposed over New Delhi's purchases of Russian oil, in a step to implement the trade deal announced this week.

Modi, who has faced criticism at home about opening access of Indian agricultural markets to the United States and terms on oil imports, did not mention Russian oil in his statement.

"This framework will also strengthen resilient and trusted supply chains and contribute to global growth," he said.

It would also create fresh opportunities for Indian farmers, entrepreneurs and fishermen under the "Make in India" initiative.

In a separate statement, Commerce Minister Piyush Goyal said the pact would "open a $30 trillion market for Indian exporters".

Goyal also said the deal protects India's sensitive agricultural and dairy products, including maize, wheat, rice, soya, poultry and milk.

Other terms of the agreement include the removal of tariffs on certain aircraft and parts, according to a separate joint statement released Friday by the White House.

The statement added that India intends to purchase $500 billion of US energy products, aircraft and parts, precious metals, tech products and coking coal over the next five years.

The shift marks a significant reduction in US tariffs on Indian products, down from a rate of 50 percent late last year.

Washington and New Delhi are expected to sign a formal trade deal in March.


Gold Bounces Back on Softer Dollar, US-Iran Concerns; Silver Rebounds

Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
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Gold Bounces Back on Softer Dollar, US-Iran Concerns; Silver Rebounds

Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth

Gold rebounded on Friday and was set for a weekly gain, helped by bargain hunting, a slightly weaker dollar and lingering concerns over US-Iran talks in Oman, while silver recovered from a 1-1/2-month low.

Spot gold rose 3.1% to $4,916.98 per ounce by 09:31 a.m. ET (1431 GMT), recouping losses posted during a volatile Asia session that followed a fall of 3.9% on Thursday. Bullion was headed for a weekly gain of about 1.3%.

US gold futures for April delivery gained 1% to $4,939.70 per ounce.

The US dollar index fell 0.3%, making greenback-priced bullion cheaper for the overseas buyers.

"The gold market is seeing perceived bargain hunting from bullish traders," said Jim Wyckoff, senior analyst at Kitco Metals.

Iran and the US started high-stakes negotiations via Omani mediation on Friday to try to overcome sharp differences over Tehran's nuclear program.

Wyckoff said gold's rebound lacks momentum and the metal is unlikely to break records without a major geopolitical trigger.

Gold, a traditional safe haven, does well in times of geopolitical and economic uncertainty.

Spot silver rose 5.3% to $74.98 an ounce after dipping below $65 earlier, but was still headed for its biggest weekly drop since 2011, down over 10.6%, following steep losses last week as well.

"What we're seeing in silver is huge speculation on the long side," said Wyckoff, adding that after years in a boom cycle, gold and silver now appear to be entering a typical commodity bust phase.

CME Group raised margin requirements for gold and silver futures for a third time in two weeks on Thursday to curb risks from heightened market volatility.

Spot platinum added 3.2% to $2,052 per ounce, while palladium gained 4.9% to $1,695.18. Both were down for the week.