Amazon Web Services (AMZN) and Saudi Arabia’s new AI company, Humain, are teaming up to invest more than $5 billion to build a special “AI Zone” in Saudi Arabia. This new AI Zone will include powerful AWS technologies like advanced semiconductors, fast networking, and services such as SageMaker, Bedrock, and Amazon Q. These tools will help Saudi Arabia become a global leader in AI. This investment is separate from Amazon’s $5.3 billion plan to build a new AWS cloud region in Saudi Arabia, which is expected to open in 2026.
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The partnership supports Saudi Arabia’s Vision 2030, which aims to shift the country’s economy away from oil and focus on advanced technology. With AWS’ cloud and AI tools, Humain will develop new AI solutions for businesses and government, including a platform to help government agencies use AI more easily. The project also supports creating Arabic large language models and speeding up AI adoption in key sectors like healthcare, education, energy, and public services. AWS and Humain will work together through the Generative AI Innovation Center to help startups, big companies, and public agencies improve their use of AI.
In addition to building technology, the partnership will also focus on training and jobs. Indeed, AWS plans to train 100,000 Saudi citizens in cloud computing and AI, with free courses through the Amazon Academy. There’s also a special program to train 10,000 women. These investments are meant to support Saudi Arabia’s fast-growing startup scene and digital workforce. Interestingly, according to PwC, AI could add $130 billion to the Saudi economy by 2030.
Is Amazon Stock Expected to Rise?
Turning to Wall Street, analysts have a Strong Buy consensus rating on AMZN stock based on 46 Buys and one Hold assigned in the past three months, as indicated by the graphic below. Furthermore, the average AMZN price target of $239.90 per share implies 12.8% upside potential.
