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iConnections panel on investment opportunities in the Middle East · 2022

iConnections: En-Gulfing the Alts

Yousef Khalili discusses Saudi transformation, AI investment, regulatory reform, human capital, and the Middle East's emergence as a global technology hub.

Yousef Khalili · Chief Commercial Officer, TONOMUS

Saudi Vision 2030AI investmentHuman capitalTechnology commercialisation

The conversation

Yousef presents the Middle East—and Saudi Arabia in particular—as a market moving from importing technology to creating and exporting it. He describes regulatory reform, digital infrastructure, and rapid talent development as the foundations enabling this shift.

The discussion covers the scale of NEOM and TONOMUS ambitions, including investment in artificial intelligence, venture capital, Arabic-language models, digital twins, and blockchain. The larger argument is that capital is being paired with deliberate institution-building rather than isolated technology purchases.

Human capital is central to the thesis. Yousef points to the dramatic growth of the Saudi technology workforce and female participation, arguing that the region will increasingly become a source of globally competitive talent.

Key arguments

01

The region is moving from technology reseller to technology creator.

02

Regulatory reform and talent development are as important as capital deployment.

03

Arabic AI, digital twins, and locally developed platforms can become exportable intellectual property.

04

Trust and long-term relationships remain decisive in doing business across the region.

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