Saudi Arabia Launches AI Investment Fund to Support Startups

audi Arabia has launched a new artificial intelligence investment fund aimed at supporting startups and driving innovation across the technology sector.

The fund will provide financial support, mentorship, and infrastructure resources to emerging AI companies operating in areas such as fintech, healthcare, cybersecurity, and logistics.

Officials say the initiative is part of the Kingdom’s broader Vision 2030 strategy to diversify the economy and promote knowledge-based industries.

The new fund is expected to attract both local and international entrepreneurs, strengthening Saudi Arabia’s position as a growing startup ecosystem in the Middle East.

Experts believe increased funding availability will accelerate the development of innovative AI solutions and create new job opportunities in the region.

The move reflects the growing importance of startups in shaping the future of the global AI economy.

Source : Arab News.