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AI + Innovation (MENA) 
Infrastructure 
The Kingdom pilots the world’s first AI-run clinic
Synyi AI is aiming for commercial approval in Saudi within 18 months
STV closes USD 100 mn shariah-compliant investment fund
PLUS: Riyadh Air signs 11 agreements during Arabian Travel Market in Dubai
EVIQ + Mercedes + Juffali plug in to power Saudi EV shift
PLUS: KAUST + MOTLS launch hub for future transport tech
iMENA raises USD 135 mn for pre-IPO expansion
The funding round was backed by Sanabil Investments, FJ Labs, and Saygin Yalcin
The US is trying to curb China’s chipmaking industry. Western companies are paying the price.
Nvidia forecasts a USD 5.5 bn charge in 1Q 2026
Sovereign AI data centers to land in the Kingdom under new draft law
Three pathways for international data hosting within the Kingdom were specified by the draft
Ades Holding bags an extension for its Egypt rig business
PLUS: Chemanol is investigating two previous acquisitions
Ma’aden begins construction on SAR 28 bn phosphate facility in Wa’ad Al Shamal
Modon is also investing SAR 550 mn in infrastructure
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