NEWS
Saudi Data and AI Authority signs MoU with AMD during Saudi-US Investment Forum
The Saudi Data and AI Authority, SDAIA signed a Memorandum of Understanding, MoU yesterday with AMD during the Saudi- US Investment Forum held in Riyadh.
The agreement aims to strengthen mutual cooperation between the two parties to foster silicon diversity and innovation in developing Saudi Arabia`s AI ecosystem.
The MoU was signed by His Excellency Dr. Abdullah bin Sharaf Alghamdi, President of the Saudi Data and AI Authority, SDAIA, and Dr. Lisa Su, Chair and CEO of AMD.
This MoU aims to explore the possibility of establishing AI-focused data centres powered by AMD technologies, contributing to the development of an integrated digital infrastructure that enhances the capabilities of AI and its various applications.
The signing took place during the Saudi- US Investment Forum held at the King Abdulaziz International Conference Centre in Riyadh.
This MoU is part of SDAIA’ s ongoing national efforts to accelerate the adoption of advanced technologies and leverage international partnerships to build a comprehensive AI ecosystem.
These efforts aim to enhance Saudi Arabia`s global competitiveness and reinforce its position as a regional hub for developing and deploying AI solutions across various sectors.
Oman and UAE boost bilateral trade and investment at Advantage Oman Forum
HE Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, said that the increase in non-oil trade between the UAE and Oman reflects strong relations between the two nations. He said these ties help ensure both countries meet their development goals and that this trajectory contributes to economic growth, ensuring both business communities build longlasting partnerships.
His comments came during his official visit to Muscat, where he participated in the Advantage Oman Forum, 2025, which aims to highlight future investment opportunities in emerging sectors.
HE Dr Thani Al Zeyoudi noted Oman continues to maintain its position as the UAE’ s second largest trading partner in the GCC, and non-oil trade between the two countries grew in 2024, to AED56.2 billion, US $ 15.3 billion, an increase of 9.8 % compared to 2023, and an increase of 32.4 % compared to 2020.
HE Dr Thani Al Zeyoudi stressed that UAE- Oman relations are an example of what a strategic partnership between neighbouring countries aimed at achieving prosperity and sustainable development should be. Their partnership contributes to the hopes of both their peoples and boosts development on both sides.
During the visit, HE Dr Thani Al Zeyoudi also met with His Excellency Qais bin Mohammed Al Yousef, Oman’ s Minister of Commerce, Industry and Investment Promotion, and a number of other senior officials, where the two sides exchanged ideas on upgrading ties between their countries. HE Dr Thani Al Zeyoudi also held meetings with other ministers and senior officials, to discuss ways to enhance bilateral cooperation in mutually beneficial areas.
Organised by the Ministry of Commerce, Industry and Investment Promotion, the Advantage Oman Forum, 2025 discussed the potential of the global investment environment, the trends shaping the future of promising sectors, and the discovery of opportunities. p
www. intelligentcio. com INTELLIGENTCIO MIDDLE EAST 19