{"id":98865,"date":"2025-07-20T00:00:00","date_gmt":"2025-07-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/"},"modified":"2025-07-20T00:00:00","modified_gmt":"2025-07-20T00:00:00","slug":"elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/","title":{"rendered":"Elon Musk's xAI eyes the Kingdom\u2019s data centers + Is Neom considering laying off, relocating employees?"},"content":{"rendered":"

Good morning<\/strong>, ladies and gents. Big energy players are making waves in this morning\u2019s issue, with updates from Aramco and Acwa Power leading our news well.<\/p>\n

In today\u2019s issue: <\/strong>Aramco\u2019s Jafurah gas project is said be nearing a USD 10 bn investment from BlackRock-led consortium, which is expected to follow the structure of the oil giant\u2019s \u201clease and leaseback\u201d agreements. Meanwhile, Acwa Power\u2019s rights issue was over 96% covered, coinciding with Senegal\u2019s government inking USD 800 mn agreements with the renewables giant for what will be the largest desalination project in West Africa.<\/p>\n

***
<\/strong>BUT FIRST- We\u2019re delighted this morning to welcome our friends from Hassan Allam <\/strong>Properties as our newest pillar sponsor here on EnterpriseAM Saudi Arabia. <\/strong><\/p>\n

HAP is a developer of world-class residential communities, mixed-use developments, <\/strong>and vacation homes <\/strong>that cater to families looking for exclusive experiences and private seaside getaways in prime locations across Egypt. A three-generation family business, HAP draws on 80 years of heritage and has been Egypt\u2019s premier boutique developer since the 1990s. <\/p>\n

HAP\u2019s portfolio of communities includes SwanLake Residences <\/strong>(NewCairo, ParkView NewCairo, SwanLake Katameya, and more) as well as destinations in West Cairo, El Gouna, Ain Sokhna, and, of course, the North Coast \u2014 25 integrated and sub-developments across a national footprint and in partnership with leading global industry names. <\/p>\n

Our friends at HAP share three of our most important values: Innovation, ambition, and <\/strong>family<\/strong>, and have long been our partners as the anchor sponsors of the EnterpriseAM Weekend Edition in Egypt. <\/p>\n

HAP is pursuing new opportunities in Saudi Arabia and beyond.<\/strong> Whether for investment or primary use, they see significant appetite for high-quality Egyptian real estate from Saudi nationals, foreign residents of the Kingdom \u2014 and, of course, from Egyptians living and working in Saudi. HAP trusts EnterpriseAM to deliver \u201cthe quality, the reach, and the micro-selective and targeted audiences\u201d that have marked the \u201cbrilliant success story\u201d they\u2019ve enjoyed with the EnterpriseAM Weekend Edition.<\/p>\n

HAP chose EnterpriseAM Saudi for our unique ability to simultaneously reach Egyptian <\/strong>expats, global markets, and high-profile execs across our region. <\/strong>\u201cWe couldn\u2019t think of a better, more selective and targeted vehicle than EnterpriseAM \u2014 delivering the right executives and CEOs a unique early-morning report on everything that is happening economically \u2014 and in real estate, of course.\u201d<\/p>\n

Please join us in thanking HAP for their trust \u2014 EnterpriseAM Saudi Arabia remains <\/strong>available without charge thanks to their generous support.
***<\/strong><\/p>\n

HAPPENING TODAY-<\/p>\n

#1- <\/strong>Master plans <\/strong>and new corporate identities for King Fahd International, Al Ahsa, and <\/strong>Qaisumah airports will be out today<\/strong>, along with the strategy for Dammam airports, state news agency SPA<\/a> reported on Friday. Today will also see the inauguration of 77 aviation-related infrastructure projects worth SAR 1.6 bn in the Eastern Province.<\/p>\n

#2- <\/strong>The <\/strong>Real Es<\/a><\/strong>tat<\/a><\/strong>e Brokerage Forum<\/a><\/strong> kicks off today in <\/strong>Riyadh International Convention <\/strong>and Exhibition Center.<\/strong> The event, which takes place two years after the real estate brokerage law came into effect, will discuss legislative updates in the sector, empowerment prospects, and the role of brokers in enhancing the value and sustainability of real estate products.<\/p>\n

\n

\n

WEATHER- Riyadh<\/strong> is set to sizzle with a high of 46\u00b0C and a low of 30\u00b0C. Jeddah<\/strong> will stay milder, reaching 35\u00b0C at its peak and slipping to 29\u00b0C later in the day. Makkah<\/strong> will see the heat climb to 43\u00b0C, with temperatures easing to 32\u00b0C as the day winds down.<\/p>\n

\n

HAPPENING TOMORROW-<\/p>\n

<\/a> <\/strong>Trading <\/strong>wil<\/strong>l resume tomorrow for <\/strong>Saudi Azm for Communication and Information<\/a><\/strong>Technology<\/a><\/strong> and <\/strong>Obeikan Glass<\/a><\/strong> on the main index TASI<\/strong>, with a 10% daily price fluctuation cap, according to separate Tadawul disclosures.<\/p>\n

IN CONTEXT-<\/strong> The Saudi Exchange suspended trading of Saudi Azm and Obeikan Glass shares last Tuesday<\/a> as both companies prepare to transition from the Nomu parallel market to the main market Tadawul. The two companies received approval for the move in late June<\/a>, following the companies\u2019 resubmission of their transfer requests in May after an earlier rejection by the exchange. Both companies were listed on Nomu in early 2022.<\/p>\n

ADVISORS-<\/strong> Azm enlisted Al Rajhi Capital as financial advisor, KLA as counsel, and Deloitte as financial due diligence advisor. Meanwhile, Obeikan appointed Al Rajhi Capital as financial advisor, KLA as counsel, and PwC as financial due diligence advisor.<\/p>\n

\n

NEWS TRIGGERS-<\/p>\n

Saudi Aramco<\/strong> is expected to publish its 2Q 2025 earnings on Tuesday, 5 August<\/strong>, according to the company\u2019s website<\/a>. The oil giant is forecast to post SAR 92.8 bn in net income for the quarter, up from SAR 106.2 bn recorded in the same period last year, according to Argaam<\/a>.<\/p>\n

REFRESHER- <\/strong>The company posted a 4.6% y-o-y drop in net income to SAR 97.5 bn (USD 26 bn) in 1Q 2025<\/a>, exceeding analyst estimates by some SAR 3.4 bn amid weaker oil prices caused by global economic uncertainty.<\/p>\n

\n

PSAs- <\/p>\n

#1- The<\/strong> new ins.<\/strong> d<\/strong>raft law will be up for public consultation on the <\/strong>Istitlaa<\/a><\/strong> platform until <\/strong>next Tuesday, 22 July<\/strong>, the Ins. Authority said. The proposed law (pdf)<\/a> aims to stabilize the sector, improve policyholders' protection, encourage fair competition, and regulate contractual relationships.<\/p>\n

#2- <\/strong>The governme<\/strong>nt extended the deadline for applying for groundwater wells licenses <\/strong>by one <\/strong>year<\/strong>, Okaz<\/a> reports, citing a statement from Environment, Water and Agriculture Minister Abdulrahman Al Fadley. The extension does not apply to local agricultural companies, large-scale wheat farmers, or other activities overseen by the Saudi Water Authority and the Saudi Food and Drug Authority, such as water stations and bottled water factories.<\/p>\n

#3-<\/strong> Investors a<\/strong>nd entrepreneurs have until 20 August to submit bids for a new<\/strong> 50k sqm <\/strong>hydroponic and greenhouse project in Tabuk<\/strong> via the Furas<\/a> platform, state news agency SPA<\/a> reported yesterday. The project aims to produce vegetables using water and energy-efficient farming methods.<\/p>\n

WATCH THIS SPACE-<\/p>\n

<\/a> #1- <\/strong>Elon Musk's xA<\/strong>I is in talk<\/strong>s to lease data center capacity in the Kingdom<\/strong>, Bloomberg<\/a> reported on Wednesday, citing people it said are familiar with the matter. The startup is reportedly weighing a long-term proposal for several gigawatts from PIF-backed Humain \u2014 whose infrastructure is not yet built \u2014 against a more short-term agreement for a 200 MW facility already under construction by an unnamed company.<\/p>\n

ICYMI- <\/strong>Rumors circulated last week<\/a> that the Public Investment Fund would be a key investor in a potential USD 170-200 bn fundraising round for xAI \u2014 a claim Musk denied, stating the startup is not interested in raising capital right now. The sovereign fund already holds an indirect stake in xAI through the Kingdom Holding Company\u2019s USD 800 mn investment.<\/p>\n

\n

\n

<\/a> #2- <\/strong>Workforce c<\/strong>uts <\/strong>at Neom?<\/strong> Neom is said to be considering laying off 1k employees and relocating another 1k, Semafor<\/a> reports, citing people it says are familiar with the matter. The move \u2014 reportedly part of a \u201ccomprehensive review\u201d to reassess budgets and progress<\/a> \u2014 effectively ends a live on-site policy and reduces employee benefits, including housing and food.<\/p>\n

Many hands are involved: <\/strong>The gigaproject employed around 5k full-time staff from 100 countries, in addition to some 140k contractors, former CEO Nadhmi Al Nasr said<\/a> in May 2024. <\/p>\n

\n

\n

<\/a> #3- <\/strong>Gas Arabian Se<\/strong>rvices eyes main market listing:<\/strong> Nomu-listed Gas Arabian Services<\/a> is making its move up the capital markets ladder, formally submitting a request to transition to the main market Tadawul, it said in a filing<\/a> to the bourse. The company\u2019s share price gained 0.5% to SAR 17.5 at Thursday\u2019s close.<\/p>\n

What it takes to make the cut: <\/strong>To transition from Nomu to the main market, a company must have been listed on Nomu for at least two years and satisfy all main market listing conditions \u2014 except for market capitalization, where a lower threshold of a SAR 200 mn average over the past six months applies.<\/p>\n

\n

\n

#4- <\/strong>GCC economie<\/strong>s expected to grow 3.6% this year: <\/strong>The Institute of International Finance (IIF) projects the aggregate real GDP of GCC countries to expand by 3.6% this year, notably up from the 2% growth recorded in 2024, according to a recent report by the institute picked up by Khaleej Times<\/a>. This significant acceleration is driven by higher oil production and continued expansion in non-oil sectors.<\/p>\n

The IIF expects non-resident private capital inflows into the Gulf economies to hit USD <\/strong>202 bn this year<\/strong>, further increasing to USD 217 bn in 2026. This increase will be largely fueled by sustained growth in foreign direct investment (FDI) in the UAE and portfolio debt flows in Saudi Arabia. The IIF also sees net capital outflows in the Gulf dropping to USD 12 bn in 2025, significantly below its USD 279 bn peak registered in 2022, which it attributed to a dip in aggregated current account surplus.<\/p>\n

\n

\n

#5- <\/strong>Oil, gold, sug<\/strong>ar, rice, and oils are lined up to be the first commodities to trade on the <\/strong>upcoming local commodities exchange<\/strong>, Target Investment Group Chairman Noureldin Mohamed told Asharq Business last Thursday (watch, runtime: 5:29<\/a>). While prices would still follow global trends, local factors such as the exchange rate, geographical risks, and shipping disruptions would also influence pricing.<\/p>\n

REMEMBER- <\/strong>The Industry and Mineral Resources Ministry announced last week<\/a> that it\u2019s working to establish a commodities exchange in Riyadh to reduce reliance on global market prices. The exchange will help local producers to get fair prices based on domestic supply and demand, creating a regulated market for buyers and sellers.<\/p>\n

\n

\n

#6- S<\/strong>tock market poised for a rebound? <\/strong>The Saudi exchange is experiencing \u201cunjustified\u201d negativity and is actually very attractive at its current valuations, Rassanah Capital\u2019s CEO Abdullah Al Rabdi told Al Arabiya<\/a> last Thursday. Al Rabdi attributed the current pessimistic investor sentiment to the ongoing corporate earnings season and the impact of geopolitical events. He expects an upward price correction in the near future, which could be accelerated by potential interest rate cuts.<\/p>\n

The rationale: <\/strong>Al Rabdi highlighted strong market fundamentals, pointing to the market\u2019s price-to-earnings ratio being at a five-year low, and describing banknote dividend yields from major companies like STC, Al Rajhi Bank, and Aramco as \u201cexcellent,\u201d often exceeding 6%. The Saudi market has also underperformed global peers like the US, suggesting significant room for recovery.<\/p>\n

\n

CABINET WATCH-<\/p>\n

A new mandate and structure<\/strong> for the General Organization for Irrigation (GOI) was <\/strong>approved<\/strong>, establishing the agency as an independent body responsible for regulating and monitoring businesses and services related to irrigation, dams, and treated water reuse, according to the official gazette<\/a>. The agency received Cabinet<\/a> approval last week. <\/p>\n

How is it governed and funded?<\/strong> The GOI will be governed by a board of directors headed by the Environment, Water, and Agriculture Minister, with funds coming directly from the state budget, remuneration for services provided, ROI, external donors, and special Cabinet allocations.<\/p>\n

\n

OIL WATCH-<\/p>\n

The Kingdom<\/strong>\u2019s seaborne oil exports averaged 6.43 mn bbl \/ d in the first half of July, <\/strong>potentially marking a 16-month high if the pace holds<\/strong>, according to preliminary data from Bloomberg<\/a>. However, the figures are based on only two weeks of data, and the final monthly average may be lower. The elevated shipments likely reflect the tail end of June\u2019s production increase and the Kingdom\u2019s increased output quota under its July Opec agreement.<\/p>\n

The increased shipments were mostly Asia-bound: <\/strong>Exports to China rose to 2.1 mn bbl \/ d, and if sustained, would mark the highest monthly level since the production surge of April 2020. Shipments to India also climbed and could reach their highest level since December 2022. Meanwhile, flows to Egypt\u2019s Sumed pipeline fell to their lowest level YTD.<\/p>\n

In line with the year\u2019s trend:<\/strong> The four-week average stood at 6.2 mn bbl \/ d, aligning with the YTD average as weaker late-June flows offset the early-July surge \u2014 part of a broader pattern of higher shipments in the first half of the month observed throughout the year.<\/p>\n

REMEMBER- <\/strong>Opec\u2019s latest report<\/a> kept Saudi Arabia\u2019s June production within its quota by citing a figure just shy of 9.4 mn bbl \/ d, using a \u201csupply-to-market\u201d metric instead of the usual wellhead production figures. The change followed a request<\/a> from the Energy Ministry and stated that the extra oil produced due to geopolitical tensions went into storage and did not reach the market.<\/p>\n

\n

SPORTS-<\/p>\n

#1- <\/strong>The Gr<\/strong>een Falcons will compete for the 2026 World Cup ticket at home<\/strong>, hosting Indonesia and Iraq in Asia\u2019s preliminaries between 8-14 October, Reuters<\/a> reported last week. This marks the seventh time the Saudi national team has attempted to qualify for the World Cup since 1994.<\/p>\n

The details:<\/strong> We\u2019ll go against Indonesia on 8 October, before facing off against Iraq on 14 October. Runners-up will get a second chance playing a home-and-away final play-off between 13-18 November to qualify for the World Cup.<\/p>\n

\n

\n

#2- <\/strong>Al Nassr ap<\/strong>pointed Portuguese former player Jose Semedo as acting CEO<\/strong>, the club said on X<\/a> on Friday. Semedo, who has been working with the club for the past two years, is stepping in to help improve coordination during pre-season, Asharq Al Awsat<\/a> reports. He has already started his duties and attended the first training session under new head coach Luis Castro.<\/p>\n

\n
\n
\n
\n

Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

***<\/strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n

EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel.<\/p>\n

Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on saudi@enterpriseAM.com<\/a>.<\/p>\n

DID YOU KNOW <\/strong>that we also cover Egypt<\/a>, the UAE<\/a>, the MENA logistics<\/a> and climate<\/a> industries?<\/p>\n

Were you forwarded this email? <\/strong>Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.
***<\/strong><\/p>\n

\n

THE BIG STORY ABROAD- <\/p>\n

Trump\u2019s lawsuit against the Wall Street Journal is dominating global headlines this <\/strong>morning: <\/strong>US President Donald Trump has filed a USD 10 bn defamation lawsuit against the Wall Street Journal, its owner Rupert Murdoch, Dow Jones, and News Corp after the newspaper published claims that Trump had contributed a suggestive letter to a scrapbook for Jeffrey Epstein\u2019s 50th birthday, marking his most aggressive legal challenge to media coverage since entering office. Reactions to the WSJ report and lawsuit have been sharply divided \u2014 even within Trump\u2019s base. (Reuters<\/a> | Bloomberg<\/a> | Financial Times<\/a> | New York Times<\/a> | The Guardian<\/a>)<\/p>\n

AND- Trump wants higher tariffs on EU goods:<\/strong> Trump is pushing for a 15-20% baseline tariff on EU imports, in an aggressive turn that could derail talks ahead of his self-imposed 1 August deadline, writes the Financial Times<\/a>, citing sources familiar with the matter. Trump is also unwilling to lower 25% auto tariffs and \u201cwould be happy to keep duties on the sector,\u201d according to the sources. The EU, which has already faced steep US duties on steel and aluminum, appears divided on countermeasures.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: Gas Arabian Services is mulling a move to TASI<\/p>\n","protected":false},"author":1,"featured_media":98866,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2540],"tags":[10,100,9,2057],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-98865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam-ksa","tag-neom","tag-what-were-tracking-today","tag-xai","wpautop","entry"],"acf":{"mongo_id":"f59e63e0-1590-4b71-adac-e830f511f7c0","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/7\/961.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Elon Musk's xAI eyes the Kingdom\u2019s data centers + Is Neom considering laying off, relocating employees?","related_issue":[98863],"teaser":"PLUS: Gas Arabian Services is mulling a move to TASI","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.028ea004-69a8-42fc-b752-c96f6b1b4e45.mp3"},"yoast_head":"\nElon Musk's xAI eyes the Kingdom\u2019s data centers + Is Neom considering laying off, relocating employees? - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk's xAI eyes the Kingdom\u2019s data centers + Is Neom considering laying off, relocating employees?\" \/>\n<meta property=\"og:description\" content=\"PLUS: Gas Arabian Services is mulling a move to TASI\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-20T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/961.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Elon Musk's xAI eyes the Kingdom\u2019s data centers + Is Neom considering laying off, relocating employees?\",\"datePublished\":\"2025-07-20T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/\"},\"wordCount\":2468,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/961.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM KSA\",\"NEOM\",\"WHAT WE\u2019RE TRACKING TODAY\",\"xAI\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/\",\"name\":\"Elon Musk's xAI eyes the Kingdom\u2019s data centers + Is Neom considering laying off, relocating employees? - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/961.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-07-20T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/961.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/961.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Elon Musk’s xAI eyes the Kingdom\u2019s data centers + Is Neom considering laying off, relocating employees?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Elon Musk's xAI eyes the Kingdom\u2019s data centers + Is Neom considering laying off, relocating employees? - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/","og_locale":"en_US","og_type":"article","og_title":"Elon Musk's xAI eyes the Kingdom\u2019s data centers + Is Neom considering laying off, relocating employees?","og_description":"PLUS: Gas Arabian Services is mulling a move to TASI","og_url":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/","og_site_name":"KSA","article_published_time":"2025-07-20T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/961.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"12 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Elon Musk's xAI eyes the Kingdom\u2019s data centers + Is Neom considering laying off, relocating employees?","datePublished":"2025-07-20T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/"},"wordCount":2468,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/961.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM KSA","NEOM","WHAT WE\u2019RE TRACKING TODAY","xAI"],"articleSection":["WHAT WE\u2019RE TRACKING TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/","url":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/","name":"Elon Musk's xAI eyes the Kingdom\u2019s data centers + Is Neom considering laying off, relocating employees? - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/961.jpg?fit=%2C&ssl=1","datePublished":"2025-07-20T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/961.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/961.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/07\/20\/elon-musks-xai-eyes-the-kingdoms-data-centers-is-neom-considering-laying-off-relocating-employees\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Elon Musk’s xAI eyes the Kingdom\u2019s data centers + Is Neom considering laying off, relocating employees?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/961.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/961.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/961.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/98865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=98865"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/98865\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/98863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/98866"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=98865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=98865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=98865"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=98865"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=98865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}