Riyadh – Sharikat Mubasher: Yasir Al Rumayyan, Governor of the Public Investment Fund (PIF)Saudi Arabia is well-positioned to become a global leader in artificial intelligence, driven by strong political backing, financial strength, a skilled workforce, and abundant energy resources.

Speaking at the third Priority Summit, organized by the Future Investment Initiative (FII) in Miami (FII PRIORITY Miami 2025), Al-Rumayyan emphasized that political will is a key enabler of AI innovation. He noted that Saudi Arabia is actively easing regulatory barriers and creating a more attractive environment for both local and international AI investments.

He also highlighted the Kingdom’s strategic partnerships with global technology giants like Google, reinforcing its commitment to fostering a thriving AI ecosystem.

Al-Rumayyan pointed to Saudi Arabia’s financial resources as a major advantage in advancing AI technologies. With the ability to allocate substantial funding for research, development, and implementation, the Kingdom is positioning itself as a leader in the sector.

He also stressed the importance of human capital, noting that Saudi Arabia’s workforce—bolstered by a diverse expatriate population—creates a dynamic environment that attracts global AI talent and innovation.

One of the most significant yet often overlooked factors in AI development is energy, Al-Rumayyan said. Saudi Arabia, with its vast reserves of renewable energy, stands as one of the world’s largest energy hubs.

This surplus provides a unique advantage for AI companies, which require high-energy infrastructure. By relying on clean, non-fossil fuel energy sources, the Kingdom is ensuring AI sector sustainability while aligning with global environmental objectives.