HP Unveils Ambitious Saudi Initiative with AI, Manufacturing and Education Investments
Region News | Feb 09, 2025 | Zawya
HP announced a series of strategic investments in Saudi Arabia's technology sector, aligning with the country's Vision 2030. These initiatives include the establishment of a new manufacturing facility in Riyadh and an AI and R&D Centre of Excellence in Dhahran, aimed at boosting the Kingdom's competitive edge on the global stage. Furthermore, HP reinforced its commitment to education by introducing a range of programs and partnerships designed to empower the Kingdom's youth. These measures are also expected to generate thousands of jobs by 2027 and further integrate HP into the Middle Eastern and African markets. The move is seen as a significant step in enhancing regional manufacturing capabilities, fostering local talent, and spearheading AI-driven innovations that could transform industries such as healthcare and smart city development.
Sectors
- Technology
- Education
- Manufacturing
Geography
- Kingdom of Saudi Arabia – The geographical focus of the article due to HP's strategic investments, including the establishment of manufacturing and AI centers in the region.
- Middle East and Africa – HP is aiming to expand its influence and operations in the MEA region as part of its strategic objectives outlined in the article.
Industry
- Technology – The article discusses HP's investments in AI and the establishment of a technology hub in Saudi Arabia.
- Education – The article highlights HP's numerous educational programs introduced to empower Saudi youth and aligns with its role as an education leader.
- Manufacturing – HP's announcement includes the setup of a new manufacturing facility in Riyadh to scale operations and support the regional economy.
Financials
- Thousands of Jobs by 2027 – HP's investment initiatives are expected to create numerous employment opportunities in Saudi Arabia.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HP Inc. | Investing Company | Company | A global technology leader involved in personal computing, printing, 3D printing, gaming, and other technology services. |
| Enrique Lores | President and CEO | Person | HP's President and CEO, leading the strategic initiatives in Saudi Arabia. |
| Fadle Saad | Managing Director, Saudi Arabia | Person | Managing Director at HP MENA Regional Headquarters, overseeing HP's operations in Saudi Arabia. |
| Human Resources Development Fund (HRDF) | Partner | Government | A Saudi government agency partnering with HP to support youth upskilling. |
| Savvy Games Group | Partner | Company | A gaming and esports company formed to foster the growth of the gaming industry in Saudi Arabia, collaborating with HP on educational initiatives. |
| Tuwaiq Academy | Partner | Company | A subsidiary of the Saudi Federation for Cybersecurity, Programming & Drones, working with HP to offer programs in advanced technologies. |