Deloitte launches AI Institute at Riyadh event

The Experience Analytics event was held on May 18 at The Arena in Riyadh.
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Updated 22 May 2023
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Deloitte launches AI Institute at Riyadh event

The world’s largest professional services organization Deloitte launched the Deloitte Middle East AI Institute during the Experience Analytics event held on May 18 at The Arena in Riyadh. The institute is the first-of-its-kind in the region and will serve as a catalyst for advancing AI innovation and driving transformative change.

“At Deloitte, we recognize the immense potential of artificial intelligence in transforming businesses and industries. Bringing the Deloitte AI Institute to the Middle East is testament to our commitment to the region, harnessing the power of AI to drive insights, value, productivity and efficiency,” said Costi Perricos, global AI and data leader, Deloitte. 

With a focus on tailoring solutions to meet the unique needs of the Saudi Arabian and Middle East markets, the Deloitte AI Institute will leverage the latest emerging technology solutions, including generative AI and machine learning. The institute explores creative ways to enhance productivity and accelerate the pace of business innovation, empowering organizations to stay ahead in the rapidly evolving digital landscape.

Moreover, the AI Institute is committed to nurturing talent and creating opportunities for Saudi youth interested in pursuing careers in the field of AI. Collaborations with major universities in the Kingdom are planned to provide a platform for aspiring students to gain knowledge, skills and practical experience in the AI domain.

“The Deloitte AI Institute is a significant milestone in our journey to drive the progress of businesses and public sector organizations in Saudi Arabia and the Middle East through emerging technology applications,” said Yousef Barkawie, AI and data leader, Deloitte Middle East. “We understand that the needs of the market are unique, and the AI Institute will be instrumental to deliver thought leadership and applied solutions that address these specific requirements. It will play a crucial role in advancing AI capabilities and fostering a culture of innovation in the region, and elevate the stature of the Middle East as an innovation hub.”


Arab Investment launches new corporate identity

Updated 08 February 2026
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Arab Investment launches new corporate identity

The Arab Investment Company has launched its new corporate identity, “Arab Invest,” in a strategic move that reflects its future direction and marks the start of a new chapter in its journey, which began in 1974, as one of the Arab sovereign wealth funds concerned with developing resources and enhancing economic integration among its 16 Arab member states.

The new corporate identity reflects the company’s value system underpinning its investment approach, based on robust governance, sustainability, effective partnerships, and adherence to the highest professional and economic standards, embodying its vision of building high-quality investments aligned with the priorities of the shareholder states.

Saad bin Abdulaziz Al-Khalb, chairman of the board of directors, said: “The launch of the company’s new identity comes within the context of a strategic phase aimed at enhancing clarity of institutional vision and consolidating the company’s position over the long term, in line with shareholders’ aspirations and reflective of the requirements of the coming period.”

He added that the new identity is viewed as a clear translation of a well-considered investment trajectory that reflects depth of experience, strengthens stakeholders’ confidence, and supports the company’s ability to continue serving the interests of the Arab member states.

CEO of Arab Invest Abdullah bin Saleh Bakhraibah said the launch of the new corporate identity represents, in essence, a new chapter in the company’s journey spanning more than 50 years. He noted the particular importance of this step at both the strategic and operational levels, as the new identity reflects a series of institutional transformations the company has undergone in recent years, including achieving the highest financial revenues in its history during 2025.

Bakhraibah added: “The new identity is not merely a visual update for the company; rather, it is a strategic message that expresses an advanced stage of institutional maturity, while simultaneously underscoring the deep historical roots of one of the region’s most established Arab sovereign wealth funds, consolidating its distinguished position and the credibility it enjoys in the Arab investment landscape, enabling it to keep pace with major economic developments and enhancing the company’s readiness to continue growth and expansion in accordance with best-in-class investment practices.”

He also highlighted the company’s distinguished investment efforts since the launch of its new strategy, saying that Arab Invest has recently witnessed notable development in local and global strategic partnerships, to achieve the highest performance standards and institutional operating mechanisms. Bakhraibah emphasized the company’s continued commitment to delivering sustainable investment impact in line with the aspirations of the coming period.