The Riyadh facility is set to produce a range of HP's latest computing devices, including next-generation personal computers and printers. This move is expected to create thousands of jobs by 2027, contributing significantly to the local economy. The strategic location of Riyadh offers efficient distribution channels, positioning Saudi Arabia as a central hub for technology innovation and trade.
In Dhahran, the AI and R&D Centre will focus on developing AI-driven solutions to enhance business efficiency, automation, and decision-making processes. The centre aims to attract top global and local AI talent, offering training programs and educational opportunities to develop local expertise. This initiative underscores HP's commitment to fostering innovation within the Kingdom.
Enrique Lores, President and CEO of HP Inc., emphasized the company's dedication to the region, stating, "At HP, we see tremendous potential in Saudi Arabia and have made strategic AI investments to fuel further growth in the region." He highlighted that these initiatives are designed to drive innovation and expand HP's global reach, bringing greater opportunities to the Middle East and Africa.
These investments complement HP's ongoing educational partnerships in Saudi Arabia, including collaborations with the Human Resources Development Fund, Tuwaiq Academy, and Savvy Games Group. By 2027, HP anticipates that its AI and education programs will have impacted millions of Saudi students and professionals, fostering a highly skilled workforce equipped to meet the demands of a rapidly evolving technological landscape.
HP's commitment to Saudi Arabia reflects a broader trend of global technology companies recognizing the strategic importance of the Middle East. The region's burgeoning demand for advanced technology solutions, coupled with supportive government policies, has made it an attractive destination for tech industry investments. HP's initiatives are poised to play a pivotal role in advancing Saudi Arabia's technological infrastructure and capabilities.
The Riyadh manufacturing facility is expected to produce a range of HP's latest computing devices, including next-generation PCs and printers. These products are designed to meet the evolving needs of consumers and businesses, incorporating advanced features such as enhanced security measures and improved energy efficiency. The facility's strategic location in Riyadh will enable HP to efficiently distribute its products across the Middle East and North Africa, catering to a diverse and growing customer base.
The AI and R&D Centre in Dhahran will serve as a hub for innovation, bringing together experts from various fields to collaborate on cutting-edge projects. The centre aims to develop solutions that leverage AI to address complex challenges across industries, from healthcare to finance. By fostering a culture of innovation and collaboration, HP hopes to contribute to the development of a robust tech ecosystem in Saudi Arabia.
These initiatives align with Saudi Arabia's Vision 2030, which seeks to diversify the nation's economy and reduce its dependence on oil revenues. By investing in advanced manufacturing and AI research, HP is supporting the Kingdom's efforts to build a knowledge-based economy and become a leader in technology and innovation.
HP's investments are also expected to have a positive impact on the local job market. The company plans to create thousands of jobs by 2027, providing opportunities for the local workforce and playing a vital role in driving the Kingdom's economic transformation. This focus on local talent development is in line with Vision 2030's goals of increasing employment opportunities for Saudi citizens and building a highly skilled workforce.
In addition to job creation, HP's educational initiatives aim to empower Saudi Arabia's next generation for a brighter future. The company has introduced numerous education programs and partnerships designed to upskill Saudi youth, supporting Vision 2030's education goals. Initiatives like the HP Cambridge EdTech Fellowship and HP IDEA aim to benefit millions of students and teachers by 2027, fostering a culture of learning and innovation.
HP's partnership with Savvy Games Group, Tuwaiq Academy, and the Human Resources Development Fund aims to expand its gaming education programs. These alliances seek to position Saudi Arabia as a global gaming hub while training youth in advanced technologies. By investing in gaming and esports education, HP is tapping into a rapidly growing industry and providing Saudi youth with the skills needed to succeed in the digital economy.