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AI + Innovation (MENA) 
Infrastructure 
China’s mulling export controls for AI tech
access to is Z.ai, Reuters reported in July — Aramco’s venture arm, Prosperity7, is an investor. Keeping it out of the wrong hands: Beijing is especially worried about AI being
20 October 2026
China’s increasingly relying on homegrown Huawei AI chips
, Prosperity7, has backed Z.ai. Meta joins the big leagues: Meta released Muse Wonder, its first frontier AI model, which it claims matches
15 October 2026
Gulf oil and gas firms seek big advantage from AI
access to the latest US chips, Aramco’s venture unit, Prosperity7, hasn’t faced the same pushback. P7 is an investor in Zhipu AI, since rebranded as Z.ai, which made headlines this summer with GLM-5.3 ... , held out by many as China’s closest rival to the US frontier labs in AI coding and cybersecurity — for a fraction of what Claude and ChatGPT sell for. Prosperity7 wrote a USD 30 mn check in early
5 October 2026
Gulf states join US Pax Silica against China — but Saudi Arabia is holding back
into compute, and Aramco’s venture arm, Prosperity7, was the first
29 June 2026
Updates on all things logistics from around the region
Prosperity7 participated in a USD 100 mn funding round for Las Vegas-based AI infrastructure startup
19 May 2025
NHC + K. Hovnanian Partner on new housing projects
Prosperity7 participated in a USD 100 mn funding round for Las Vegas-based AI infrastructure startup
18 May 2025
Sharjah plans AED 107.4 mn projects to revamp water infrastructure in Kalba city
support teams, will focus on expanding the company’s client base in the Middle East. The launch comes as Zededa received new investments from Alpha Wave Incubation and Aramco Ventures’ VC fund Prosperity7
20 January 2025
EU launches probe into e&’s USD 2.4 bn acquisition of PPF’s assets + Taqa, Criteria drop talks for Naturgy
forced Aramco Ventures’ VC fund Prosperity7 to fully divest
11 June 2024
Aramco’s secondary share sale kicks off today
. ALSO FROM ARAMCO- Aramco’s Prosperity7 fund backs Chinese AI startup Zhipu AI by taking part in a USD 400 mn investment
2 June 2024
Aramco unit invests in Chinese rival to OpenAI
: Prosperity7 , a unit of Aramco’s venture capital arm, Aramco Ventures, has taken a minority position in a USD 400
2 June 2024
US Secretary of State Antony Blinken is due back in Saudi for World Economic Forum special meeting + talks with Crown Prince
startup scene: Prosperity7— a unit of Aramco’s venture capital arm, Aramco Ventures — is building a team in India as it looks for early-stage investments in Indian startups ... . “The firm is looking to set aside around USD 200-350 mn for the Indian market” and build a portfolio of 15-20 investments, Mint said. Prosperity7 has appetite for seed stage through Series A and B ... . Prosperity7 said earlier this year that it had USD 3 bn to invest, up from USD 1 bn, as part of Aramco’s plan to increase its exposure
24 April 2024
Aramco doubles down on venture capital, Turkish company eyes USD 5 bn steel plant
manages three funds including the USD 500 mn Digital / Industrial Fund, USD 1 bn Prosperity7 Ventures Fund, and USD
18 January 2024
Rising protectionism in the West scuppers Saudi chip investment, threatens UAE newspaper buy
Prosperity7 to fully divest Rain ... to the US Treasury website. CFIUS reportedly told Prosperity7
4 December 2023