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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Qualcomm, Aramco, and the Research, Development, and Innovation Authority (RDIA) have announced the startups selected for the 2026 'Design in Saudi Arabia with AI' (DISAI) program. The initiative attracted over 124 applications, highlighting a robust interest in advancing deep-tech and AI capabilities within the Kingdom. The program is designed to provide selected startups with technical mentorship and access to advanced AI infrastructure to accelerate commercialization.
This collaboration aligns with Aramco's broader strategy to diversify its technological footprint, following its previous commitment to increase its global venture capital funding to $4 billion. Per market data and regional economic forecasts, Saudi Arabia is positioned as a leader in regional AI spending, with the sector projected to contribute approximately 12.4% to the nation's GDP by 2030, outpacing several regional peers in tech-infrastructure investment.
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Sign InRegarding market performance, Aramco (2222.SR) stood at 27.18 SAR at close June 11, 2026, while Qualcomm (QCOM) was priced at $211.72 at close June 12, 2026. Investors should watch for upcoming energy sector catalysts and global industrial production data, which may influence the capital expenditure budgets for large-scale AI and digital transformation projects in the region.