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WASHINGTON - Amazon Web Services (AWS), an Amazon.com company (NASDAQ:AMZN), and HUMAIN, a Public Investment Fund company, announced plans Wednesday to deploy up to 150,000 AI accelerators in a new data center facility in Riyadh, Saudi Arabia. The move comes as Amazon, with its massive $2.36 trillion market capitalization, seeks to expand its cloud computing dominance despite experiencing a significant 8.87% stock decline over the past week, according to InvestingPro data.
The announcement, made at the U.S.-Saudi Investment Forum, expands on the companies’ partnership revealed in May 2025, which included plans to invest more than $5 billion in AI infrastructure, services, and talent development in Saudi Arabia.
The new "AI Zone" will feature NVIDIA GB300 AI infrastructure and AWS’s Trainium AI chips to support advanced AI training and inference workloads. AWS will become HUMAIN’s preferred AI partner globally, with the companies collaborating to deliver AI compute and services to customers worldwide.
Customers will have access to AWS generative AI services including Amazon Bedrock, Amazon AgentCore and Amazon SageMaker through a unified platform. HUMAIN will join the AWS Solution Provider Program as part of the arrangement. These strategic initiatives align with Amazon’s robust revenue growth of 11.48% over the last twelve months, reaching $691.33 billion.
"This marks a pivotal moment in our commitment to our partnership with HUMAIN," said Tanuja Randery, Managing Director, Europe, Middle East & Africa, AWS, in the press release statement.
The collaboration aims to support Saudi Arabia’s goal of becoming a global AI leader, with plans to develop advanced Arabic Large Language Models and create an AI agent marketplace for government services.
The companies also announced workforce development initiatives, including training 100,000 Saudi citizens in cloud computing and generative AI through Amazon Academy, with a dedicated program to train 10,000 women.
The AI infrastructure is designed to serve both Saudi Arabia’s national AI requirements and the growing global demand for compute capacity, according to the companies.
In other recent news, the five major technology hyperscalers, including Amazon, have issued a record $121 billion in investment-grade debt this year, as reported by Bank of America. This issuance significantly surpasses their five-year average of $28 billion, with $81 billion coming from U.S. dollar investment-grade supply since September. Amazon’s self-driving unit, Zoox, has opened a waitlist for free robotaxi rides in San Francisco, inviting users to participate in the "Zoox Explorers" program and provide feedback to improve the service. Needham has reiterated its Buy rating on Amazon stock, maintaining a price target of $265, citing the company’s use of generative AI to drive potential revenue growth. Additionally, the European Commission has initiated three market investigations into cloud computing services under the Digital Markets Act, focusing on Amazon Web Services and Microsoft Azure. These investigations aim to determine if Amazon and Microsoft should be considered gatekeepers and if the Act can address competitive practices in the EU cloud computing sector. These developments highlight the ongoing activities and strategic moves by Amazon in various sectors.
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