Saudi Arabia’s AI Surge: Leading The Charge In Women’s Empowerment And Job Growth

by News Editor

April 10, 2025

Saudi Arabia has cemented its position as a rising powerhouse in artificial intelligence, securing the top global ranking for women’s empowerment in AI, according to Stanford University’s AI Index Report 2025. The Kingdom is also making waves in AI job growth, talent attraction, and cutting-edge model development—key indicators of its broader push to dominate the global AI landscape.

AI Talent And Job Growth: A Strategic Push

Saudi Arabia’s aggressive investment in AI is paying off. The Kingdom now ranks third worldwide in AI job growth for 2024 and fourth in developing leading AI models. It stands alongside the United States, China, France, Canada, and South Korea as one of only seven nations producing advanced AI models—an impressive feat for a country rapidly scaling its digital economy.

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A Rising AI Hub: Attracting Global Talent

Ranked eighth globally in AI talent attraction, Saudi Arabia is becoming a magnet for top-tier professionals. Strategic initiatives, a robust research ecosystem, and a business-friendly regulatory framework make the Kingdom an increasingly attractive destination for AI experts seeking opportunities in a fast-growing market.

Women At The Forefront Of AI

Perhaps the most striking achievement is Saudi Arabia’s global leadership in empowering women in AI, with the highest female-to-male ratio in the sector. This milestone is the result of targeted national policies that foster inclusion, skills development, and leadership opportunities for women in technology. Programs like “Elevate,” a partnership with Google Cloud designed to train over 25,000 women in AI and tech, are shaping a new generation of female AI leaders. Additional initiatives, including specialized training camps and capacity-building programs, are reinforcing the Kingdom’s commitment to gender diversity in STEM fields.

Saudi Arabia’s AI Vision: Scaling To Global Leadership

At the heart of Saudi Arabia’s AI dominance is the Saudi Data and Artificial Intelligence Authority (SDAIA), which is spearheading national efforts to drive AI adoption. SDAIA’s strategy focuses on enhancing digital infrastructure, developing policy frameworks, and accelerating AI investment to position Saudi Arabia as a global leader in artificial intelligence. These moves align seamlessly with the ambitious goals of Vision 2030, which aims to transform the Kingdom into a knowledge-driven economy powered by innovation.

As Saudi Arabia continues its AI expansion, the message is clear: the Kingdom is not just participating in the AI revolution—it’s setting the pace.

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Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

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ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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