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AI + Innovation (MENA) 
Infrastructure 
PIF pours more into Magic Leap
The funds will drive the rollout of Magic’s industry-specific XR tools and commercial deployments
SAL to build SAR 4.2 bn logistics zone in Riyadh’s Falcon City
ALSO: Ades lined up Shelf Drilling’s shareholder nod for merger
Arabian Mills announces major capacity upgrade
Aramco-backed MidOcean expands into Canada with Petronas LNG deal
Solutions secures SAR 500 mn facility from SAB
PLUS: Modon to establish an AI hub in industrial cities
Lahint to roll out GovTech automation program ahead of schedule in early 2026 -Aljabr
The move was made possible by rapid advances in the company’s IT infrastructure
Saudi-Hong Kong investment ties get a boost
ALSO- HPE manufactures additional Saudi-made server models in the Alfanar facility in Riyadh
Nvidia’s earnings out later today could make or break the AI trade
The AI giant ranks as the world’s most valuable company by market capitalization
Osool and Bakheet waive preferential terms with AOTC shareholders
ALSO- Flynas adds three-weekly direct flights from Jeddah to Kuwait as of 1 November
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