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businesspress > Blog > News > Why Saudi Authorities Met with the CEO of The Most Valuable Firm and the Richest Man in the World
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Why Saudi Authorities Met with the CEO of The Most Valuable Firm and the Richest Man in the World

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Last updated: November 20, 2025 8:02 am
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Published November 20, 2025
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Saudi Arabia is ramping up its partnerships with leading American AI companies, unveiling a series of high-profile joint ventures worth billions of dollars. This initiative marks a significant push for the kingdom to become a powerhouse in the artificial intelligence sector, coinciding with CEO Crown Prince Mohamed bin Salman’s first visit to the United States in years.

During a US-Saudi investment forum in Washington on Wednesday, Humain, an AI firm backed by Saudi Arabia’s sovereign wealth fund, announced several new partnerships with top American tech players, including xAI, Cisco, AMD, and Qualcomm. These collaborations reflect Saudi Arabia’s strategy to deepen ties with the US and accelerate its economic diversification away from oil.

For American technology firms, Saudi Arabia offers critical advantages for scaling AI operations: substantial funding, abundant physical space, and access to low-cost energy. Elon Musk revealed that xAI, his artificial intelligence company, will team up with Humain to build a massive 500-megawatt data center in Saudi Arabia. This center will serve as xAI’s first large-scale facility outside the US and will support the deployment of xAI’s Grok chatbot across the kingdom.

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