Public Investment Fund (PIF)

Aramco buys 49% of Saudi AI company HUMAIN

Retains 51% of HUMAIN and majority control

Saudi Aramco now owns 49% of HUMAIN, the artificial-intelligence company the Public Investment Fund launched in May 2025. Aramco paid about 9.9 billion riyals ($2.6 billion) in cash during 2026 and handed over AI, computing and digital assets; the fund keeps 51% and control.

Updated 3 days ago

World's largest solar-storage microgrid reaches full commercial operation in Saudi Arabia

Built World

As of September 2026: Owns Red Sea Global and backs the project's long-term offtake agreement

Saudi Arabia's Red Sea destination now runs entirely on its own solar-and-battery microgrid, with no connection to the national grid. ACWA Power and its partners signed the project commercial operation date on September 6, 2026, starting a 25-year concession to supply power, water, wastewater treatment, district cooling, and waste management to the tourism site.

Updated Sep 7

Saudi-led group takes Electronic Arts private in record buyout

Money Moves

As of August 2026: Controlling owner of EA

Electronic Arts has been a public company since 1989. On August 4, 2026, that ended. A group led by Saudi Arabia's Public Investment Fund bought the maker of Madden, The Sims, and Battlefield for about $55 billion and took it private.

Updated Aug 4

Saudi Arabia's NEOM megacity

Built World

As of May 2026: Sole owner and primary financier of NEOM

Saudi Arabia announced NEOM in 2017 as a 26,000-square-kilometer city of the future on the Red Sea, with THE LINE — a 170-kilometer ribbon of 500-meter mirrored walls — as its flagship. Nine years and roughly $500 billion later, the 2026 reality is split: THE LINE is paused at a 2.4-kilometer foundation while the Port of NEOM commissioned its first container terminal in industrial Oxagon.

Updated May 31

Riyadh Air bets on an ‘AI-native’ airline to rewire global aviation

New Capabilities

As of May 2026: Owner and strategic sponsor of Riyadh Air

Riyadh Air, Saudi Arabia's startup flag carrier, is what IBM and the airline call the world's first "AI-native" airline — built from day one around AI-driven, cloud-based systems, not retrofitted legacy IT. Launched in March 2023 under Vision 2030, the airline has ordered large fleets from Boeing and Airbus and aims to connect over 100 destinations and serve millions of travelers by 2030 through Riyadh's planned mega-hub.

Updated May 10