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861 Saudi Arabia launches $100B tech fund as Gulf states race to diversify economies

Silicon Canals
James Brennan @ Silicon Canals · 02/26/2026 20:15 EDT

Saudi Arabia launches $100B tech fund as Gulf states race to diversify economies

Saudi Arabia has committed $100 billion to a new AI and technology fund called Humain, escalating the Gulf's race to convert hydrocarbon wealth into knowledge-economy infrastructure before the world's appetite for oil enters terminal decline.

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