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The PIF-backed company has selected Goldman Sachs to advise on financing for major data-center projects, as Riyadh tries to turn cheap energy and U.S. chip partnerships into a national AI industry.
The UAE’s flagship AI data-center project places Abu Dhabi at the center of a new bargain: Gulf energy and capital in exchange for access to advanced U.S. chips and frontier AI infrastructure.
The shipment marks a turning point in the UAE’s push to become a global AI hub, but it also places Abu Dhabi inside Washington’s widening contest over advanced chips, China, and control of the future AI supply chain.
IBM’s latest pitch to the Kingdom reflects a wider shift in Saudi Arabia’s AI strategy from building compute capacity and sovereign infrastructure to embedding AI inside energy, finance, government, tourism and industrial operations.