Misk Schools to begin next academic year at new campus: Misk Foundation CEO

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Updated 27 October 2022
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Misk Schools to begin next academic year at new campus: Misk Foundation CEO

RIYADH: Saudi Arabia’s Misk Schools will start its next academic year at its new campus in the Prince Mohammed Bin Salman Nonprofit City, confirmed the CEO of the Misk Foundation Badr Al Badr.

Speaking to Arab News on the sidelines of the 6th edition of the Future Investment Initiative Forum in Riyadh on Oct. 25, Al Badr said, "Very soon, we will be moving into the Misk Schools within the Mohammed Salman City campus. We plan to start the next school year on premises at Misk City."

The 21-hectare campus with 110,000 sq. m of eco-friendly and highly digitally connected nine school buildings is set to welcome over 1,000 male and female students aged three to 18 years.

The campus is the first project to be implemented in Misk City, setting a new standard for non-profit private education in the Kingdom.

Kindergarten — incorporating pre-Kindergarten — is followed by Lower Primary, Upper Primary, Middle and Senior Schools which are segregated, with mirrored facilities for boys and girls.

Each school features academic classrooms, a library, art and design studios, science and food technology labs, Arabic culture hubs, an information technology suite, and music rooms. Each also has a kitchen in support of the school’s “farm-to-table” initiative.

Speaking about the foundation's future endeavors, Al Badr said, "The Misk Schools project is the most advanced in terms of construction, but we have many others that are well on their way. We expect to see many of the new facilities spring up over the next year and a half, two years.” 

He said Misk City not only will house their different activities and subsidiaries' headquarters but will be a “headquarters for ambitious Saudi youth,” adding: “Whether they want to start their startup, to learn a new skill, or they want to practice their talents, we will have that available.”

Al Badr told Arab News that Misk is developing a new strategy that zeroes in on one of their main pillars, youth talent, but will focus specifically on addressing the sector's needs in four skill development areas: nonprofit organizations, entrepreneurship and startup, and leadership space.

“We have set very ambitious targets for ourselves to achieve in those four different fields,” he said.

The Misk Foundation was founded in 2011 by Saudi Crown Prince Mohammed bin Salman to develop youths’ leadership skills, and to focus on education, technology, media and culture to empower society through knowledge according to the best international standards.

“I am very blessed to be part of the Misk Foundation because I get to work on a personal passion of mine. I have this passion for developing leaders and working with young talented people that I have harbored for many years,” the CEO added.

Al Badr, who was appointed CEO of the Misk Foundation in July 2019, has founded several companies and was CEO of Dur Hospitality Co., where he led its transformation and launched its expansion strategy.

He was also managing director of CISCO Systems in Saudi Arabia for two years, before occupying the same role for Asia and Africa.


PIF’s Humain invests $3bn in Elon Musk’s xAI prior to SpaceX acquisition

Updated 18 February 2026
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PIF’s Humain invests $3bn in Elon Musk’s xAI prior to SpaceX acquisition

JEDDAH: Humain, an artificial intelligence company owned by Saudi Arabia’s Public Investment Fund, invested $3 billion in Elon Musk’s xAI shortly before the startup was acquired by SpaceX.

As part of xAI’s Series E round, Humain acquired a significant minority stake in the company, which was subsequently converted into shares of SpaceX, according to a press release.

The transaction reflects PIF’s broader push to position Saudi Arabia as a central hub in the global AI ecosystem, as part of its Vision 2030 diversification strategy.

Through Humain, the fund is seeking to combine capital deployment with infrastructure buildout, partnerships with leading technology firms, and domestic capacity development to reduce reliance on oil revenues and expand into advanced industries.

The $3 billion commitment offers potential for long-term capital gains while reinforcing the company’s role as a strategic, scaled investor in transformative technologies.

CEO Tareq Amin said: “This investment reflects Humain’s conviction in transformational AI and our ability to deploy meaningful capital behind exceptional opportunities where long-term vision, technical excellence, and execution converge, xAI’s trajectory, further strengthened by its acquisition by SpaceX, one of the largest technology mergers on record, represents the kind of high-impact platform we seek to support with significant capital.” 

The deal builds on a large-scale collaboration announced in November at the US-Saudi Investment Forum, where Humain and xAI committed to developing over 500 megawatts of next-generation AI data center and computing infrastructure, alongside deploying xAI’s “Grok” models in the Kingdom.

In a post on his X handle, Amin said: “I’m proud to share that Humain has invested $3 billion into xAI’s Series E round, just prior to its historic acquisition by SpaceX. Through this transaction, Humain became a significant minority shareholder in xAI.”

He added: “The investment builds on our previously announced 500MW AI infrastructure partnership with xAI in Saudi Arabia, reinforcing Humain’s role as both a strategic development partner and a scaled global investor in frontier AI.”

He noted that xAI’s trajectory, further strengthened by SpaceX’s acquisition, exemplifies the high-impact platforms Humain aims to support through strategic investments.

Earlier in February, SpaceX completed the acquisition of xAI, reflecting Elon Musk’s strategy to integrate AI with space exploration.

The combined entity, valued at $1.25 trillion, aims to build a vertically integrated innovation ecosystem spanning AI, space launch technology, and satellite internet, as well as direct-to-device communications and real-time information platforms, according to Bloomberg.

Humain, founded in August, consolidates Saudi Arabia’s AI initiatives under a single entity. From the outset, its vision has extended beyond domestic markets, participating across the global AI value chain from infrastructure to applications.

The company represents a strategic initiative by PIF to diversify the Kingdom’s economy and reduce oil dependence by investing in knowledge-based and advanced technologies.