How Saudi Arabia is diversifying away from oil — and betting big on AI
CNBC·2025-10-28 10:53
President and CEO of Saudi's Aramco, Amin H. Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024.Think of Saudi Arabia and the first thing that comes to mind might be its massive, oil-derived wealth.While oil continues to drive Saudi Arabia's economy, the kingdom is now expanding into areas such as artificial intelligence, tourism and sports to diversify its growth avenues.According to Saudi Arabia's Minister for Investment Khalid Al Falih, more than half — ...