NEOM invests $5B in next-generation AI infrastructure: Deputy CEO

13/05/2025 Argaam
Rayan Fayez. Deputy CEO at NEOM

Rayan Fayez. Deputy CEO at NEOM

NEOM has injected strategic investments worth $5 billion in the next-generation of artificial intelligence (AI) infrastructure, Rayan Fayez, Deputy CEO at NEOM, said in a panel discussion at the Saudi-US Investment Forum.

 

The US is a key partner in this field, with several US companies announcing their commitment to significant investments in this field.

 

Fayez explained that NEOM has laid a solid foundation for this vital sector, which has contributed to attracting private and commercial capital from around the world. The investment model and infrastructure of the city are being developed to a world-class standard, supported by strong partnerships and growing confidence from the private sector.

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