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Saudi Arabia Leads Effort to Pour $900 Million Into Hollywood AI Firm, Giving Kingdom a Foothold In Future of Entertainment - The Hollywood Reporter

GCC AI Startup · Nov 19

Saudi Arabia is reportedly investing $900 million into WME, a Hollywood talent agency, to develop its AI capabilities. The Saudi Public Investment Fund (PIF) is leading the investment through its SRJ Sports Investments arm. WME plans to build AI tools to better predict audience behavior and streamline film production. Why it matters: The deal provides Saudi Arabia with a stake in the future of entertainment AI, aligning with its broader Vision 2030 goals of diversifying the economy.

Regenerative tourism highlighted at WEP 2022

KAUST · Jan 13

John Pagano, CEO of The Red Sea Development Company and AMAALA, spoke at WEP 2022 about regenerative tourism. He highlighted that AMAALA and The Red Sea Project are the world's most ambitious regenerative projects today, using innovative sustainable methods. In partnership with KAUST, they undertook marine spatial planning simulations to protect the marine environment, conserve 75% of the islands, and designate nine conservation zones. Why it matters: This initiative signals a commitment to sustainable tourism development in Saudi Arabia, leveraging research and technology to minimize environmental impact while creating new industries.