The Financial Times reported in a report on Sunday that Anthropic, a startup in the field of artificial intelligence, had concluded a deal worth about $3.4 billion to provide gas-powered power generators for its data centers.
The report stated that in late September, the company obtained commitments to supply high-capacity power generators with a total of 1.7 gigawatts from One Power Solutions, an equipment supplier headquartered in San Antonio, Texas.
The report added, citing an informed source, that “Anthropic” did not acquire the “One Power Solutions” company itself, nor did any of the supplier’s employees move to the startup company, but the deal included providing the engineering and construction capabilities necessary to install these generators.
Strong demand for Anthropic's Cloud AI models has prompted the company to seek additional computing and energy capabilities.
Reuters reported last September that Anthropic expects to spend more than $500 billion over the next 10 years to create artificial intelligence infrastructure.
The main market index, TASI, ended Sunday's session with a decline of 0.8 percent, closing at 10,017 points, losing 79 points, amid trades with a total value of about 2.7 billion riyals ($720 million).
The session witnessed a decline in a number of leading stocks, as “Al Rajhi Bank” shares fell by 1.5 percent, “Al Ahli Saudi” shares fell by 1.3 percent, while “Saudi Aramco” shares fell by 0.3 percent.
The shares of “SMC Healthcare” and “SADAFCO” also fell by about 5 percent, the shares of “Umm Al-Qura Cement” by 3 percent, and “Tasnee” by 2.6 percent.
On the other hand, ACWA Power shares rose by 2.1 percent to 157 riyals, after the company announced its financial results for the third quarter of 2026, which exceeded market expectations.
Among the stocks associated with financial results announcements for the third quarter, “Saudi German Health” rose by about 10 percent, “Arabia” by 4 percent, “Resources” by 2.3 percent, and “Tanmeyah” by 2.9 percent.
The Riyadh region continues to consolidate its position as the main driver of investment activity in Saudi Arabia, accounting for more than 50 percent of the total investments in the Kingdom, in an indicator that reflects the economic weight of the region and its attractiveness to capital, supported by the expansion of investment opportunities and the diversity of economic sectors, in addition to the growing partnership between the government and private sectors in implementing development initiatives and projects.
During the reception of Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh Region, Minister of Investment Fahd bin Abdul Jalil Al-Saif, the minister pointed out that the capital is one of the largest investment centers in the Kingdom. “Its share exceeds more than 50 percent of the total investments,” stressing that the Emirate of the Riyadh region is a partner and supporter of many initiatives in the government and private sectors.
During the reception, the Emir of Riyadh was briefed on the efforts of the Ministry of Investment and its initiatives aimed at developing the investment sector in the region, enhancing its investment attractiveness, and investing in its abundant economic opportunities and components.
Prince Faisal bin Bandar stressed that the support and interest that the region enjoys from the government in the investment sector enhances the continued development of the investment environment and raises the level of its attractiveness and competitiveness, which contributes to maximizing the benefit from economic and investment opportunities and components, and supporting the process of sustainable development. In order to achieve the goals of “Vision 2030”.
The Kingdom recorded a 33.5 percent growth in foreign direct investment flows during the past year, reaching about 159 billion riyals, compared to 2024, an achievement that reflects the Kingdom’s growing attractiveness for foreign investments and the continued progress towards achieving the goals of “Vision 2030.”
As an extension of this growth, the balance of foreign direct investment in the Kingdom increased by 8.3 percent to reach 1,059 billion riyals by the end of 2025, exceeding the one trillion riyals barrier, reflecting the expansion of the foreign investment base in the Saudi economy.
The importance of these results becomes clear when compared to the levels of 2017. “Foreign direct investment flows” increased more than five-fold, while the “foreign direct investment stock” doubled during the same period, and the “compound annual growth rate of flows” reached 24 percent, compared to 10 percent for the “investment stock,” which embodies the scale of the transformation that the Kingdom has witnessed over the past years.
The volume of “foreign direct investment flows” is one of the indicators of the “National Transformation Program” linked to the strategic goal “attracting foreign and local investments.” The initiatives of the program system, led by the Ministry of Investment and in integration with relevant authorities, contribute to developing the investment environment and enhancing its competitiveness, in a way that supports attracting quality investments to the Kingdom.
These results reflect the impact of the economic transformations and regulatory and structural reforms that the Kingdom has witnessed since the launch of the “Saudi Vision,” which contributed to strengthening its position as an attractive investment destination, and consolidating the confidence of international investors in the opportunities of the Saudi economy and its growth prospects.
The “National Transformation Program” continues; One of the programs to achieve “Saudi Vision 2030”, its role is in contributing to the achievement of 34 strategic goals, representing about 35 percent of the goals of the “Vision”, through more than 310 initiatives, led by 7 ministries, and with the participation of more than 50 executive bodies, while progress towards achieving its goals is measured through 78 local and international indicators.
