AI Reports · Deloitte · 2026-10-05 · Blog / commentary
Gulf SWFs look to AI investments in diversification, competitiveness push | Deloitte Global
Gulf sovereign wealth funds have directed significant capital into AI-related businesses, including generative AI startups, semiconductors, infrastructure, and data centers. Global tech giants such as Amazon, Microsoft, and Google have announced multi-billion-dollar partnerships with the UAE, Saudi Arabia, and others. Because the funds lack the scale to compete directly with US or Chinese tech giants, they focus on partnerships and niche areas, though the strategy carries risks given the sector's rapid change and geopolitical decoupling.