Saudi Arabia is leveraging its low-cost energy and Aramco’s investment drive to become a global leader in artificial intelligence, positioning itself as a future international hub for AI, CNBC reported, citing Aramco CEO Amin Nasser.
According to Nasser, the Kingdom’s low-cost energy gives it an edge in AI data infrastructure: «If you want renewable energy or gas, you’ll find the lowest cost here. Energy and land are available for development.»
In October, Aramco announced plans to acquire a major minority stake in Humain, a new Saudi AI company backed by the sovereign wealth fund. Launched in May, Humain aims to be the national AI champion and anchor of Saudi Arabia’s digital economy.
Nasser also told CNBC that Humain will help transform the Kingdom into a leader in advanced technologies. Earlier this year, Humain CEO Tareq Amin stated that Saudi Arabia’s goal is to become the world’s third-largest AI player, after the United States and China.
Data centers, essential for AI, are major energy consumers. Nasser noted that by 2030, their electricity use will vastly surpass that of global electric vehicles. Saudi Arabia plans to supply these facilities primarily with efficient natural gas and renewable energy sources. This year, Aramco plans to invest up to $58 billion to ensure a steady supply of natural gas.
Despite the energy transition, Nasser believes that oil and gas will remain central for decades, driven by rising demand in developing markets, particularly in Asia. He projects consumption will rise by 1.1 to 1.3 million barrels per day this year, with similar growth in 2026.
