News

HP Invests In Saudi Tech, AI, And Education To Boost Regional Growth

The tech giant is committed to expanding local manufacturing, AI R&D, and education initiatives, supporting the Kingdom’s Vision 2030 program.

Published

2 years ago

February 12, 2025

Nour Nasir

hp invests in saudi tech ai and education to boost regional growth

Global tech manufacturer HP is doubling down on its commitment to Saudi Arabia with a series of strategic initiatives known as “Made in Saudi”. The investments align with the Kingdom’s Vision 2030 and focus on technology manufacturing, artificial intelligence, research & development, and education.

One of the company’s key moves is the establishment of a large manufacturing facility in Riyadh, aimed at strengthening Saudi Arabia’s tech industry. Additionally, HP is launching an AI and R&D Center of Excellence (CoE) in Dhahran, designed to give the Kingdom a competitive edge in the global tech market. The center will drive advancements in data analysis, robotic process automation, and smarter decision-making.

HP is also prioritizing education, rolling out multiple programs to help develop the skills of young Saudis. By 2027, the company aims to create thousands of new jobs, giving local talent a vital role in the country’s economic transformation away from the oil sector.

“At HP, we see tremendous potential in the Kingdom of Saudi Arabia and have made strategic AI investments to fuel further growth in the region,” said Enrique Lores, President and CEO of HP Inc. “Building on our trusted brand and the strength of our portfolio, we are committing to manufacturing, education, and research initiatives that drive innovation and help expand HP’s global reach, bringing even greater opportunity to the MEA region”.

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A strong network of government partnerships has also helped HP roll out several global education initiatives, such as the HP Cambridge EdTech Fellowship and HP IDEA. So far, the programs have benefited over 600,000 people, and by 2027, they are expected to reach more than 6 million students and teachers in Saudi Arabia.

HP also continues to back the Kingdom’s National Gaming and Esports Strategy (NGES). In June 2024, the company opened the HP Gaming Garage Lab at the Saudi Electronic University, shortly after, HP’s online courses earned micro-degree status from the National eLearning Centre (NeLC) and the Ministry of Communications and Information Technology (MCIT).

HP’s significant investments in Saudi Arabia show a considerable commitment to the Kingdom’s digital transformation, and will surely help to boost the company’s presence across the wider Middle East.

News

NEOPAY Wants To Follow Merchants Across Channels And Borders

A controlling 65% stake in noon payments would give NEOPAY access to marketplace sellers, online merchants and the payment flows they generate.

Published

1 day ago

October 5, 2026

Nour Nasir

neopay wants to follow merchants across channels and borders

It’s been a long time since checkouts were single defined places. A merchant might take payments at a physical register, on its own website and through an online marketplace, sometimes in more than one country. NEOPAY wants to follow those transactions wherever they happen.

The UAE payments company has entered into an agreement to acquire a 65% controlling stake in noon payments. NEOPAY already runs the acquiring infrastructure that lets merchants accept card payments, along with omnichannel acceptance and a merchant services platform. This new deal would add noon payments’ embedded payments platform, e-commerce gateway and merchant network across the UAE, Saudi Arabia and Egypt. That would considerably expand both NEOPAY’s digital commerce capabilities and its regional reach.

For merchants, the attraction is a single provider for online and in-store payments, plus faster settlements, data and analytics, and value-added financial services.

“Payments should be simple, reliable, and built for the markets they serve,” said Faraz Khalid, CEO of noon. His counterpart at NEOPAY, Vibhor Mundhada, added: “We have built a strong payments business in the UAE, and our ambition is now to take that capability across the region”. The acquisition, Mundhada added, would “expand our footprint into Saudi Arabia and Egypt” while reinforcing NEOPAY’s position at home.

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NEOPAY is also keen to point out potential payment volume increases. The company says noon payments’ integrations with marketplace sellers and online merchants create high transaction density in some of the region’s fastest-growing digital commerce segments. It also believes control of the business would give it access to those merchant relationships and payment flows, and speed up the rollout of alternative payment methods and installment options.

The combined roadmap targets faster merchant onboarding, better payment performance, tighter fraud controls and embedded financial services. The deal could also strengthen cross-border payments and settlement along key regional commerce corridors.