IBM CEO to Asharq Al-Awsat: Saudi Arabia Enters AI Implementation Phase

IBM: Saudi Arabia should use digital technologies to boost productivity and make them part of the workforce, not just an added technology layer.
IBM: Saudi Arabia should use digital technologies to boost productivity and make them part of the workforce, not just an added technology layer.
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IBM CEO to Asharq Al-Awsat: Saudi Arabia Enters AI Implementation Phase

IBM: Saudi Arabia should use digital technologies to boost productivity and make them part of the workforce, not just an added technology layer.
IBM: Saudi Arabia should use digital technologies to boost productivity and make them part of the workforce, not just an added technology layer.

At IBM Think 2026 in Boston, IBM’s bet on Saudi Arabia went beyond expanding its role in AI infrastructure. The US technology company sought to position itself as a partner in a tougher phase, turning that investment into large-scale industrial and institutional execution.

That message came through in remarks by IBM Chief Executive Arvind Krishna to Asharq Al-Awsat. Speaking about the kingdom and the challenge it now faces, Krishna said infrastructure is not the problem in itself, adding that what needs to be done on that front is already largely clear.

It is now closer to a matter of spending and execution than a strategic dilemma.

But Krishna quickly shifted to what he sees as the more important question: how these technologies can improve citizens’ lives and help new industries emerge faster.

Krishna linked Saudi Arabia’s AI path to broader economic and operational needs. He said the kingdom, given its population size and development ambitions, needs digital tools that raise operational capacity and productivity. Digital technologies and AI, he said, should become “part of the workforce” and help lift productivity over the long term.

Beyond infrastructure

To make his point, Krishna did not use a purely technical example. He turned instead to a Saudi case tied to Hajj, tourism, and related services.

He said that if Saudi Arabia wants to receive tens of millions of visitors, it cannot simply bring in millions more workers to run hospitality, logistics, and services.

Digitalization and AI must become part of the solution, he said, allowing those sectors to scale within five years rather than twenty.

The discussion, in other words, moved beyond energy and major government projects. It extended into services, the daily economy, and how they can grow faster. Krishna said he sees little disagreement over the kingdom’s vision.

The challenge now, he added, is the cultural and operational adoption of technology across industries.

A new operating model

That Saudi reading fit the broader message Krishna pressed throughout the conference.

In his keynote, he presented AI not as a tool to improve certain functions or speed up tasks, but as the start of a new “operating model” for institutions.

The question, he said, is no longer about budget size or computing investment. It is about how deeply AI is embedded in business operations, and whether it becomes part of the institution itself or remains on the margins.

Krishna supported that argument with figures meant to show that the debate has moved beyond promises. He spoke of the potential to achieve productivity gains of around 40% by 2030.

He said more than two-thirds of organizations plan to reinvest those gains in innovation and growth, rather than treating them only as cost cuts.

He also said IBM itself has achieved $4.5 billion in annual productivity gains from using AI and automation inside its own operations.

With that message, IBM seemed to tell the market that AI is no longer just a technology upgrade or a new tool. It is becoming a business model issue.

Redesigning the enterprise

In an “Ask Me Anything” session, Krishna compared many current AI uses to the “light bulb” phase of the electricity era. They are useful and convenient, he said, but they do not fundamentally change how a company operates.

Speaking to Asharq Al-Awsat, he said real transformation begins when AI is used to rebuild processes from end to end, across procurement, human resources, accounts payable, compliance, and other functions.

Only then does the real impact appear, and productivity in some areas can rise sharply.

IBM is no longer framing AI as an assistant for some employees. It is presenting it as an operating layer that must move into the heart of the institution.

The Saudi market moves to scale

IBM’s view of the Saudi market follows the same logic.

In a separate interview with Asharq Al-Awsat, Ayman AlRashed, IBM’s regional vice president in Saudi Arabia, said companies in the kingdom are moving from “isolated experiments” to “deployment at scale.” AI, he said, is no longer a side addition, but “a core part of how companies operate and compete.”

AlRashed said computing power is no longer the main bottleneck. The bigger challenges are now “AI-ready data, governance, and enterprise execution.”

He said the sectors closest to moving AI from pilots to large-scale production are banking and financial services, telecommunications, energy, and government. Progress in those sectors, he said, depends on data maturity, clear regulatory frameworks, and operational scale.

AlRashed added that the sovereignty debate in Saudi Arabia is no longer limited to where data is stored. It now includes how workloads are governed while running, especially as AI moves into more sensitive and regulated environments.

Saudi clients, he said, are asking sharper questions about return on investment, ranging from cost savings and higher productivity to lower risk and measurable outcomes, rather than merely focusing on launching new pilots.

In that sense, IBM’s local reading echoed Krishna’s message on stage in Boston. The Saudi market lacks neither ambition nor infrastructure. It is entering a phase in which AI will be measured by its ability to deliver real operational impact within institutions.

Sovereignty as operating power

Other parts of IBM’s message made its Saudi positioning more coherent.

This year, the company presented hybrid infrastructure, digital sovereignty, live data, automation, and governance as connected elements, not separate products.

Krishna repeatedly said countries and institutions need infrastructure they can control, systems that cannot be shut down, tampered with, or exposed to geopolitical risk, including disruptions to undersea cables.

In Saudi Arabia, that message carries added weight. Sovereignty over infrastructure is not an end in itself. It is part of the ability to run AI across strategic sectors with flexibility and stability over the long term.

Aramco takes the stage

Saudi Aramco’s Senior Vice President for Digital and Information Technology, Sami Al-Ajmi, appeared on the opening stage at IBM Think 2026 as the practical example IBM wanted to highlight.

IBM did not put Aramco in the spotlight simply to present it as a major client or longtime partner. It used Aramco as proof that the move from pilots to industrial execution is no longer theoretical.

Krishna recalled that the relationship between the two companies dates back to 1947, when IBM helped install Aramco’s first information processing system, the first of its kind in Saudi Arabia. But the conference was not focused only on that history. It was focused on what the relationship looks like today.

Al-Ajmi said the relationship is no longer one between a vendor and a buyer. It has become “a strategic alliance around joint innovation.” He said IBM’s opening in Saudi Arabia brought the company closer to Aramco and helped “localize some expertise.”

He summed up the shift in a phrase that captured IBM’s message: “Eighty years ago we were buying machines from IBM, today we are working together to build the future of digital technologies.”

In that sense, IBM is no longer presenting itself only as a technology seller. It is presenting itself as a partner that wants to help build the kingdom’s next industrial AI use cases.

From pilots to the field

The strongest part of Al-Ajmi’s remarks was his definition of what Aramco wants from AI.

He said the company is “not interested in proofs of concept or early experiments.” It wants to “move ideas from the lab into the field.”

That statement placed Aramco at the center of IBM’s message this year. The next phase, IBM argues, will not be won by the number of experiments a company launches. It will be won by the ability to build a real and operational AI model.

Al-Ajmi said the two sides can “close the loop from idea to impact” by identifying real problems, designing solutions, testing them, and scaling them when they work.

His figures gave weight to that argument. Aramco generates nearly 10 billion data points a day from its assets, he said, describing data as “the fuel of the AI journey.”

He also said Aramco has trained more than 6,000 AI specialists, speeding up idea generation and deployment and bringing the technology closer to field operations.

Al-Ajmi said digital technology initiatives created $5.2 billion in value last year, with “more than 50%” of that coming from AI deployments.

With those numbers, Aramco was not talking about AI’s theoretical promise. It was talking about direct financial and operational impact.

AI and energy

Al-Ajmi added another important dimension. AI, he said, is changing the energy sector in two ways at once. It raises efficiency and reliability while lowering costs, but it also increases energy demand.

He pointed to practical applications within Aramco, including petrophysical models that address rock formations and fluids, enhancing reserve value, reducing drilling time, and lowering costs. He also cited global optimization tools that provide a full view of assets and help improve refinery and petrochemical margins, an “engineering adviser” that supports engineers in the field, and AI applications in finance and supply chains.

AI at Aramco, in other words, is no longer a limited office tool or a digital assistant. It is spreading across the value chain.

IBM’s Saudi bet

In Boston, IBM was not making a conventional technology pitch to Saudi Arabia. It was offering a full narrative.

Infrastructure matters, but the real challenge begins after it is built. The vision exists, but adoption and execution will decide the outcome. AI will not prove its value in the kingdom through demonstrations, but by entering energy, tourism, services, government, and finance as part of how those sectors operate.

IBM’s message from Boston was not that Saudi Arabia simply needs more computing power. It is that the kingdom is entering a phase in which AI will be judged by its ability to change how institutions and industries operate on the ground.



Saudi Arabia Announces Entry into Classification Phase, Real Estate Advertising Is Conditional on FAL License

A panel discussion is held at the Real Estate Brokerage Forum in Riyadh. (SPA)
A panel discussion is held at the Real Estate Brokerage Forum in Riyadh. (SPA)
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Saudi Arabia Announces Entry into Classification Phase, Real Estate Advertising Is Conditional on FAL License

A panel discussion is held at the Real Estate Brokerage Forum in Riyadh. (SPA)
A panel discussion is held at the Real Estate Brokerage Forum in Riyadh. (SPA)

The Saudi government announced during the Real Estate Brokerage Forum, which concluded its activities Sunday in Riyadh, the entry into the real estate classification phase, and the upcoming release of two draft guides for classifying real estate brokerage and marketing establishments and real estate auction establishments through the "Istitlaa" platform.

This aims to develop standards that enhance the clarity of establishment data and raise the quality of practice with the participation of the sector and the public.

The event also witnessed the announcement that real estate advertising will be restricted exclusively to those licensed to practice real estate brokerage and marketing activity through the FAL license.

The event revealed that the number of sales and rental transactions registered since the Real Estate Brokerage Law came into effect in Saudi Arabia has reached more than 13 million transactions, with a total value exceeding 1.6 trillion riyals ($426.6 billion).

These indicators highlight the size of the market in which the system operates, as well as the importance of the licensed broker's role in regulating the relationship between parties, documenting transactions, and enhancing the clarity of practice and service quality.

These figures emerged as the Real Estate General Authority (REGA) concluded the activities of the third edition of the Real Estate Brokerage Forum, marking three years since the Real Estate Brokerage Law came into effect.

The event was held in the presence of Chief Executive Officer of the Authority Engineer Abdullah bin Saud Al-Hammad with the participation of a number of experts, specialists, real estate brokers, brokerage establishments, and individuals interested in the real estate sector.

The forum reviewed the indicators of real estate brokerage activity from the time the law came into effect until the end of last June; the total number of real estate brokerage licenses issued to individuals and establishments reached more than 117,000 licenses, and the number of brokerage contracts reached 1.1 million.

The number of real estate advertisements exceeded 1.2 million advertisements, reflecting the expanding scope of licensed practice and the growing presence of documentation and regulated advertising in the real estate market.

The main session discussed the most significant changes in the real estate market and the tools that enable brokers to keep pace with them, foremost of which are the development of rules and regulations, real estate technologies and artificial intelligence, and changing consumer behavior.

Discussions also tackled the developmental and investment transformations taking place in the Kingdom and their implications for the future of real estate brokerage.

The speakers stressed that real estate rules and regulations have contributed to building a clearer contractual environment that preserves the rights of transacting parties.

They noted that a broker's professionalism is linked to knowledge, speed of execution, compliance with regulations, and understanding the scope of work, projects, and markets in which they operate.

They also said that the advanced digital infrastructure in the Kingdom grants brokers more efficient tools to verify and analyze data and to develop the customer experience.

The forum witnessed the announcement of the real estate brokerage levels track aimed at building a gradual professional qualification journey that raises practitioner readiness and combines regulatory knowledge with applied skills.

The real estate rules and regulations diploma was announced, which is offered by the Saudi Real Estate Institute in cooperation with the Institute of Public Administration. It aims to prepare specialized legal and regulatory competencies that meet the needs of the sector.

A cooperation agreement was signed between the Saudi Real Estate Institute and King Saud University to launch the Real Estate Fellowship Program.

The forum included awareness workshops addressing anti-money laundering and the role of the Saudi Real Estate Arbitration Center in settling real estate disputes.

The forum concluded with honoring the winners of the Real Estate Awareness Award, which aims to stimulate initiatives and programs to enrich specialized real estate content.

The Real Estate Brokerage Forum is held annually in conjunction with the anniversary of the Real Estate Brokerage Law coming into effect. It brings together practitioners, establishments, platforms, and specialists to discuss the profession's updates, exchange experiences, and review tracks and enablers that support the development of practice and elevate the quality of real estate services.


Egypt Says Petrojet-ENPPI Chosen for Oman Project Portfolio Exceeding $6 Billion

The ministry said the ⁠deal was part ‌of Egypt's ‌strategy to support the expansion of ‌petroleum-sector companies abroad ‌and increase exports of engineering and technical services. (AFP)
The ministry said the ⁠deal was part ‌of Egypt's ‌strategy to support the expansion of ‌petroleum-sector companies abroad ‌and increase exports of engineering and technical services. (AFP)
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Egypt Says Petrojet-ENPPI Chosen for Oman Project Portfolio Exceeding $6 Billion

The ministry said the ⁠deal was part ‌of Egypt's ‌strategy to support the expansion of ‌petroleum-sector companies abroad ‌and increase exports of engineering and technical services. (AFP)
The ministry said the ⁠deal was part ‌of Egypt's ‌strategy to support the expansion of ‌petroleum-sector companies abroad ‌and increase exports of engineering and technical services. (AFP)

Egypt's petroleum ministry said on Sunday that a consortium of Petrojet and ENPPI had been selected for a six-year engineering, procurement and construction framework agreement with Petroleum Development Oman covering a portfolio of projects worth ‌more than $6 ‌billion.

The agreement ‌makes ⁠the consortium one ⁠of four global consortiums eligible to bid for projects within the portfolio, according to the ministry.

The ministry said the ⁠deal was part ‌of Egypt's ‌strategy to support the expansion of ‌petroleum-sector companies abroad ‌and increase exports of engineering and technical services.

The consortium is expected to support Oman's ‌in-country value targets through knowledge transfer, training Omani engineers, ⁠and ⁠increasing the participation of local companies and national supply chains, the ministry said.

The ministry said the agreement opened new horizons for partnership between Egypt and Oman in the energy sector.


Caspian Pipeline Consortium Oil Loadings Suspended After Drone Attacks on Tankers, CPC Says

The full moon rises in the background over the infrastructure on D Island, the main processing hub, at the Kashagan offshore oil field in the Caspian sea in western Kazakhstan August 21, 2013. (Reuters)
The full moon rises in the background over the infrastructure on D Island, the main processing hub, at the Kashagan offshore oil field in the Caspian sea in western Kazakhstan August 21, 2013. (Reuters)
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Caspian Pipeline Consortium Oil Loadings Suspended After Drone Attacks on Tankers, CPC Says

The full moon rises in the background over the infrastructure on D Island, the main processing hub, at the Kashagan offshore oil field in the Caspian sea in western Kazakhstan August 21, 2013. (Reuters)
The full moon rises in the background over the infrastructure on D Island, the main processing hub, at the Kashagan offshore oil field in the Caspian sea in western Kazakhstan August 21, 2013. (Reuters)

Two oil tankers were attacked at the Caspian Pipeline Consortium (CPC) terminal off Russia's Black Sea coast, CPC said on Sunday, adding that oil loadings are suspended.

The ASIA and NISSOS IOS ‌tankers were ‌attacked during loading operations, ‌CPC ⁠said.

The ASIA ⁠tanker caught fire, which was extinguished, it added.

"There were no injuries or fatalities amongst CPC staff or contractors. There was no oil ⁠spill," CPC said, adding ‌that ‌the tankers remained afloat.

CPC did not ‌identify any party as ‌responsible for the incident.

The past week has seen a sharp escalation in attacks by ‌both Russia and Ukraine on shipping in the Black ⁠and ⁠Azov seas.

The CPC is a 940-mile (1,510 km) oil pipeline connecting Kazakhstan's Caspian Sea oil deposits with Russia's Black Sea port of Novorossiysk. Oil loaded at Novorossiysk is then taken by tanker to world markets.

CPC accounts for about 80% of Kazakhstan’s oil exports.