Saudi Arabia seeking further digital advancements in Silicon Valley 

Saudi Minister of Communications and Information Technology Abdullah bin Amer Al-Swaha in Silicon Valley. SPA.
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Updated 05 December 2023
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Saudi Arabia seeking further digital advancements in Silicon Valley 

RIYADH: Saudi Arabia is pursuing additional global partnerships to bolster its already robust digital infrastructure as the minister of communications and information technology met with senior officials from Silicon Valley. 

Discussions between Abdullah bin Amer Al-Swaha and Antonio Neri, president and CEO of Hewlett Packard Enterprise, were held on Dec. 5 to enhance local content and contribute to the growth of the Kingdom’s digital economy. 

The meeting focused on extending the strategic partnership into modern technology, cloud computing, and the localization of servers, as reported by the Saudi Press Agency. 

The minister highlighted Saudi Arabia’s potential for a strong digital infrastructure and its status as the largest market in the region. Talks also centered around the exploration of collaboration and partnership opportunities across various sectors. 

Al-Swaha also met with ServiceNow CEO Bill McDermott and Cohere CEO Martin Kon to discuss partnership opportunities in emerging technologies and artificial intelligence. 

These talks affirm Saudi Arabia’s position as a key regional technology and innovation hub, with efforts underscoring the region’s commitment to fostering the expansion of a dynamic digital economy, aligning with the goals outlined in Saudi Vision 2030. 

In October, Saudi Arabia and Finland signed a memorandum on information, communication, and technology to strengthen strategic partnerships to support the growth of the digital economy and exchange experiences between the two countries. 

The memorandum was signed in Riyadh by Al-Swaha and the Finnish Minister of Foreign Trade and Development, Ville Tavio. 

Under the deal, the two nations agreed to cooperate in developing emerging technologies, Internet of Things, cloud, new wireless network technologies, digital capacity development, and government digital transformation. 

It will also develop joint programs covering capacity building, collaborative research projects related to technology foresight, and coordination of private sectors in Saudi Arabia and Finland. 

Some five months before this agreement, Al-Swaha held talks with Chinese company leaders and investors in the digital economy, space, and innovation sectors.  

According to the communications ministry’s website, the meeting, held in Beijing, was organized by MCIT in collaboration with eWTP Arabia Capital and the Saudi Arabia-China Entrepreneur Association to strengthen the strategic partnership between Saud Arabia and China. 

Al-Swaha emphasized fostering cooperative relationships and exchanging experiences and expertise in technological projects and initiatives. He highlighted the alignment between Saudi Vision 2030 and the Belt and Road Initiative, providing a roadmap for collaboration. 

The minister also showcased successful partnership models between the two countries in various fields and discussed the promising investment opportunities available.


Diriyah Co. partners with Midad to develop Four Seasons hotel in Diriyah 

Updated 07 January 2026
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Diriyah Co. partners with Midad to develop Four Seasons hotel in Diriyah 

RIYADH: Saudi Arabia’s sovereign wealth fund-backed developer, Diriyah Co., has signed a joint development agreement with Midad Real Estate Investment and Development Co. to construct the Four Seasons Diriyah Hotel and private residences. 

The partnership will strengthen collaboration between the two companies through the development of the luxury Four Seasons Diriyah, which will feature 159 rooms, alongside private Four Seasons residences, spanning approximately 235,000 sq. meters within Diriyah’s master plan. 

The project’s total value is projected at SR3.1 billion (approximately $827 million), encompassing both land acquisition and construction expenses. 

Midad is one of the Kingdom’s leading real estate developers, expanding its portfolio of high-end projects and maintaining numerous strategic partnerships with prominent global brands, reinforcing its reputation as a trusted name in luxury residential and hospitality development across Saudi Arabia. 

This partnership marks the first major collaboration between Diriyah Co. and Midad, supporting Diriyah’s plans to develop 40 luxury hotels across its two main projects: the 14-sq.-km Diriyah Project and the 62-sq.-km Wadi Safar Project, a premium destination that blends lifestyle, culture, and entertainment. 

Commenting on the agreement, Minister of Tourism and Secretary-General of Diriyah Co., Ahmad Al-Khatib, said: “The Kingdom continues to set new standards in developing tourism destinations, with Diriyah at the forefront.” 

He added that such partnerships enhance the world-class experiences Saudi Arabia offers and strengthen the Kingdom’s position as a leading destination in this sector. 

Diriyah Co. CEO Jerry Inzerillo commented that the Four Seasons Diriyah Hotel and Residences will be one of the Kingdom’s largest luxury hotels. 

“We are proud to announce this joint development with Midad, one of Saudi Arabia’s top real estate developers. This agreement reflects our ongoing commitment to enabling Saudi partners to contribute to Diriyah’s transformative journey and confirms Midad’s confidence in the opportunities the project presents,” Inzerillo added. 

Midad CEO Abdelilah bin Mohammed Al-Aiban said: “This project is a pivotal milestone for our company, allowing us to bring the Four Seasons experience to one of the Kingdom’s most prominent heritage destinations.” 

He added: “We are excited to deliver a project that embodies design excellence, world-class service, and sustainable value, while contributing meaningfully to Saudi Arabia’s tourism, cultural, and economic ambitions.” 

The collaboration comes amid rapid progress on the SR236 billion Diriyah project, which has awarded construction contracts worth more than SR101.25 billion to date. 

Diriyah is expected to contribute approximately SR70 billion directly to the Kingdom’s gross domestic product, create more than 180,000 jobs, accommodate 100,000 residents, and host around 50 million annual visitors. 

The development will feature contemporary office spaces accommodating tens of thousands of professionals across technology, media, arts, and education, complemented by museums, retail destinations, a university, an opera house, and the Diriyah Arena.  

It will also offer a diverse selection of restaurants and cafes, alongside nearly 40 world-class resorts and hotels distributed across its two primary master plans.