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Saudi Arabia: The Corporate Bet

Global Finance

In the final stretch of its Vision 2030 development blueprint, Saudi Arabia is counting on FDI to play a bigger role. Initially expected to be taken up by 540 companies by 2030, the kingdom surpassed this goal within the first year. The clock is ticking for Saudi Arabia. Those in charge, however, remain positive.

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The AI Facility Frenzy

Global Finance

According to Goldman Sachs, we can expect AI power demand to increase by 165% by 2030; McKinsey forecasts that in Europe alone, meeting the new IT load demand will require between $250 billion to $300 billion of investment, excluding power generation capacity. By 2030, these numbers are expected to increase by about 30-40%.

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