logo
Saudi PIF, Formula E Announce Driving Force Global Partnership Providing STEM Education

Saudi PIF, Formula E Announce Driving Force Global Partnership Providing STEM Education

Asharq Al-Awsat11-04-2025
The Public Investment Fund (PIF) and Formula E have announced their Driving Force partnership, 'Driving Force Presented by PIF,' a groundbreaking educational program focused on science, technology, engineering, and mathematics (STEM) learning and sustainability.
Driving Force Presented by PIF is a multi-dimensional learning program designed to engage and inspire students aged 8 to 18 to shape the future of mobility through interactive workshops, hands-on learning experiences, and digital resources. With in-person workshops taking place across the United States, Saudi Arabia, and the United Kingdom and a comprehensive online learning program, the program will impact more than 50,000 students worldwide, marking its largest expansion since its launch in June last year.
Debuting in south Florida ahead of the April 12th Miami E-Prix, the program demonstrates PIF's commitment to advancing sustainable mobility, made possible through E360, its first-of-its-kind partnership uniting Formula E, Extreme H, and E1 electric powerboat racing. By inspiring the next generation of engineers, innovators and sustainability leaders, PIF is shaping the future of electric motorsport and sustainable technology.
'Since introducing the PIF E360 partnership last year, Formula E and PIF continue to look for opportunities to make a positive, real-world impact,' said Formula E, Extreme H, and E1 founder and chairman Alejandro Agag. 'Driving Force Presented by PIF is an example of how PIF is not only elevating motorsports but also inspiring the next generation of talent through STEM education which plays a crucial role in inspiring future motorsport talent in sustainable mobility and green technology.'
PIF Head of Corporate Brand Mohammed AlSayyad said: "PIF is committed to supercharging the growth and transformation of electric motorsport, and through our partnership with E360, we are collaborating with our partners to accelerate progress, maximize impact, and deliver powerful unified programs. For the first time, we are bringing together Formula E, Extreme H and E1 to expand the Driving Force program and drive transformative impact by empowering youth who are the innovators of tomorrow.'
Driving Force Presented by PIF started at Keys Gate Charter School in Miami and included a hands-on workshop packed with active learning for up to 90 students. The aim of the program is to provide access and opportunity for young people to explore a STEM career in motorsport and sustainability.
Supercharging Future Mobility Driving Force Presented by PIF also marks the start of 'Supercharged,' PIF's transformative campaign focused on driving innovation and global progress through E360, which aims to redefine the future of electric racing and drive technological innovation while leading the way in green technological innovation that will be the cornerstone of future electric mobility.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Saudi Arabia's transportation boom opens doors for private investment
Saudi Arabia's transportation boom opens doors for private investment

Arab News

time3 days ago

  • Arab News

Saudi Arabia's transportation boom opens doors for private investment

Saudi Arabia's transportation boom opens doors for private investment RIYADH: Saudi Arabia's rapidly expanding transportation sector is unlocking new investment opportunities for private players, both local and global, experts have told Arab News. Central to the Kingdom's Vision 2030 strategy, transportation development is seen as a key enabler for economic diversification and the drive to position Saudi Arabia as a global logistics, tourism, and business hub. With a growing emphasis on public-private partnerships, Minister of Transport and Logistic Services Saleh Al-Jasser announced during the third PIF Private Sector Forum, held in Riyadh in February, that private entities are expected to contribute around 80 percent of the targeted investments in the country's transport and logistics sector. He added that the total value of projects offered to the private sector — through privatization and other models — could reach SR240 billion ($63.95 billion). Joseph Salem, partner and travel, transportation and hospitality practice lead at Arthur D. Little, Middle East, told Arab News that public-private partnerships are at the core of this strategy. 'Privatization of key transport infrastructure, such as ports and airports, is creating new opportunities for private investment,' he said, adding: 'The development and management of cargo terminals through PPP agreements are attracting private efficiency and capital. The construction and engineering sectors are also benefiting, with numerous megaprojects like the Riyadh Metro and Neom's mobility network.' Alessandro Tricamo, partner at Oliver Wyman's transportation and services practice for India, the Middle East, and Africa, echoed similar sentiments and emphasized the importance of selecting suitable assets to attract investors. 'Globally, asset classes such as airports and seaports are typically considered bankable, with the potential to generate strong returns and attract private investment. Conversely, railways and public transport systems often require structured support from the government to become commercially viable,' said Tricamo. He added: 'In the Kingdom, there's still a need to refine how these projects are structured and presented to the private sector, as expectations are sometimes misaligned with market realities. Clear, realistic frameworks will help unlock greater private sector involvement and broaden the Kingdom's business landscape.' The Kingdom's logistics infrastructure is expanding rapidly. According to a report released by the General Authority for Statistics in December, the number of logistics facilities in the country has increased by 267 percent since 2021, with the Eastern Province leading in logistics hubs spanning 6.3 million sq. meters. 'Private companies are seizing opportunities in trucking, warehousing, freight forwarding, and e-commerce delivery services. Technology firms are also entering the market, offering solutions in AI, electric vehicles, and autonomous transport,' said Salem. He added: 'Overall, the transportation revolution in Saudi Arabia is creating a more diversified and competitive business environment. Private sector involvement is key to realizing the Kingdom's ambitious Vision 2030 goals.' Transportation as a growth enabler Anthoine Barthes, vice president of Al-Futtaim Automotive, told Arab News that transportation infrastructure underpins nearly every pillar of Vision 2030, acting as a foundation for economic growth. According to Barthes, transportation is not only about mobility but also about creating links between economic zones, facilitating trade, drawing investment, enhancing quality of life, and boosting tourism. 'A key objective is for Saudi Arabia to become a global logistics hub, and this requires state-of-the-art ports, efficient rail networks, extensive road infrastructure, and modern airports capable of handling significant cargo and passenger volumes,' said Barthes. He also pointed to the Riyadh Metro — with its six lines spanning 176 km — as evidence of the Kingdom's progress in developing effective public transport systems. 'These efforts, alongside continuous improvements to road infrastructure and the integration of smart city mobility solutions, are crucial for enhancing the quality of life, mitigating urban congestion, and fostering sustainable urban growth,' added Barthes. Salem noted that infrastructure development supports the growth of multiple industries, including tourism and entertainment, with road upgrades linking key cities to rising destinations such as Qiddiya and Amaala. He also highlighted how enhancements around Makkah and Madinah have improved accessibility for millions of religious visitors, reinforcing tourism and Umrah growth. Integrated logistics backbone Tricamo underlined that efficient logistics and supply chain management are fundamental to sustained economic development. 'A well-connected transport network that links urban and industrial centers and facilitates the smooth movement of goods and people is a key enabler of the Kingdom's broader economic ambitions. It directly impacts the reliability, speed, and cost-effectiveness of supply chains,' said Tricamo. Arthur D. Little's Salem believes that infrastructure modernization and the integration of advanced technologies are strengthening the Kingdom's global supply chain footprint. He pointed to Saudi Arabia's rise in the World Bank's Logistics Performance Index, climbing 17 spots to rank 38th globally in 2023. 'Vision 2030 also focuses on expanding multi-modal freight capacity. The rail network will grow from 3,650 km to 8,000 km, enhancing logistics. Air cargo capacity is set to increase to over 4.5 million tonnes annually by 2030, while Saudi ports will handle up to 40 million TEUs,' said Salem. He added: 'Additionally, 40 new logistics centers across 100 million sq. meters will attract global companies, positioning Saudi Arabia as a logistics hub. These efforts are expected to reduce logistics costs, improve reliability, and grow the sector to $57 billion by 2030.' Impact on the business landscape Barthes said ongoing advancements in the Kingdom's transport infrastructure are expected to reshape the business environment. He noted that reduced logistics costs, quicker deliveries, and agile supply chains will benefit a wide range of industries. 'A world-class infrastructure is a primary magnet for foreign direct investment. International companies are more willing to establish operations, knowing they can efficiently move goods and people,' said Barthes. Salem emphasized how transportation development enhances the ease of doing business and improves trade connectivity through upgraded logistics hubs. 'The growth of tourism, retail, and real estate sectors is another benefit. Better transportation networks make it easier for people to travel and for goods to be delivered, driving demand in these industries,' said the Arthur D. Little partner. He added that modernized ports, roads, and rail corridors are boosting trade volumes, while domestic improvements in connectivity are helping to meet growing internal demand across agriculture, retail, and construction. Technology-driven transformation Tricamo highlighted the vital role of digital innovation in shaping Saudi Arabia's future transport ecosystem. 'Digital solutions — from smart ticketing and real-time tracking management systems — will be essential for building a future-ready, user-centric transport ecosystem,' he said. Salem echoed these views, noting the Kingdom's strong push for smart infrastructure, digital logistics, and electric mobility. He added that electric vehicles are reshaping transportation, supported by investments in thousands of fast-charging points across 1,000 locations by 2030. The goal is to have 30 percent of vehicles in Riyadh electrified by then. 'Smart cities like Neom are integrating IoT sensors, AI-driven traffic management, and predictive congestion systems to optimize transportation. These technologies improve traffic flow, reduce accidents, and enhance the overall commuter experience. In logistics, automation and AI are being used to streamline freight operations, reduce errors, and optimize delivery routes,' said Salem. Overcoming challenges Salem acknowledged that the Kingdom faces hurdles such as overreliance on road transport, the country's vast geography, regulatory bottlenecks, skill shortages, and climate-related challenges. He emphasized that the government is proactively addressing these with targeted initiatives. 'To reduce reliance on roads, Saudi Arabia is investing heavily in rail and public transit projects like the Riyadh Metro. The vast size of the Kingdom is being addressed by extending transportation networks to remote areas, ensuring equitable access to modern infrastructure,' said Salem. He added that regulatory reforms, including the establishment of the National Center for Privatization, are streamlining approval processes and attracting private sector investment. 'Through partnerships with global firms, Saudi Arabia is transferring knowledge and building local expertise to overcome skills gaps,' said the Arthur D. Little partner. Tricamo pointed to the scale of investment as the primary challenge facing transport infrastructure expansion. 'In Saudi Arabia, the ambitious scope and accelerated timeline of Vision 2030 add further complexity, requiring multiple high-value infrastructure projects to be developed simultaneously. The private sector can play a key role in easing this burden,' he said. The Oliver Wyman partner concluded by emphasizing the need for careful asset selection to balance commercial viability and government support.

Riyadh Air signs global distribution agreement with Spain's Amadeus
Riyadh Air signs global distribution agreement with Spain's Amadeus

Argaam

time3 days ago

  • Argaam

Riyadh Air signs global distribution agreement with Spain's Amadeus

Riyadh Air, Saudi Arabia's new national carrier and a Public Investment Fund (PIF) subsidiary, signed a global distribution agreement with Spain's Amadeus. This strategic partnership will enable Riyadh Air to access one of the world's largest networks of travel agents. In a statement, Amadeus said the agreement will allow Riyadh Air to reach travel agencies and agents in more than 190 countries, ensuring its offers reach travelers worldwide. Amadeus will also distribute Riyadh Air's future New Distribution Capability (NDC) content, allowing the airline to provide travelers with more dynamic and personalized offers, while gaining greater control over its indirect sales strategy. Riyadh Air plans to commence operations in 2025, with the goal of serving more than 100 destinations worldwide by 2030, according to Argaam data.

Saudi Arabia hosts first regional deployment of OpenAI models through HUMAIN-Groq partnership
Saudi Arabia hosts first regional deployment of OpenAI models through HUMAIN-Groq partnership

Arab News

time5 days ago

  • Arab News

Saudi Arabia hosts first regional deployment of OpenAI models through HUMAIN-Groq partnership

RIYADH: Saudi Arabia has become the first country in the region to host OpenAI's newly released publicly available models through a deployment announced by HUMAIN and Groq. The gpt-oss-120B and gpt-oss-20B models are operated on Groq's high-speed inference infrastructure located within HUMAIN's sovereign data centers in the Kingdom. The move is part of broader efforts to localize advanced artificial intelligence infrastructure, aligning with national regulatory and data sovereignty requirements. Saudi Arabia's deployment of OpenAI's open-source models within domestic infrastructure supports a wider strategy to diversify its economy and position itself as a key player in global AI. Under Vision 2030, the Kingdom envisions a digital economy powered by AI, investing heavily in sovereign compute infrastructure to support emerging markets across Africa and Asia. In a regional first, HUMAIN, a PIF company, has deployed OpenAI's new open-source models, fully hosted in HUMAIN's sovereign data centers in Saudi Arabia, in partnership with Groq. A strategic partnership, this fusion of frontier models, best-in-class inference technology, and… — HUMAIN (@HUMAINAI) August 6, 2025 HUMAIN, a company backed by the Public Investment Fund, said the deployment will enable Saudi-based developers, researchers, and enterprises to access AI tools that were previously limited by infrastructure or compliance constraints. Groq, a US-based company specializing in AI inference hardware, provides a custom-built processing platform designed to deliver consistent, high-speed performance. HUMAIN CEO Tareq Amin described the development as a step forward in achieving technological self-reliance. 'With the deployment of OpenAI's most powerful open models, hosted right here inside the Kingdom, Saudi developers, researchers, and enterprises now have direct access to the global frontier of AI — fully aligned with our national regulations and data laws,' he said. The company claims that the gpt-oss-120B model operates at more than 500 tokens per second, while the gpt-oss-20B exceeds 1,000 tokens per second on its platform. The establishment of HUMAIN by PIF in May, backed by commitments from Nvidia, AMD, Cisco, and Amazon Web Services, illustrates this push, with multi‑billion‑dollar agreements to expand local AI compute capacity, data centers, and foundational models. .@TareqAmin_, CEO of HUMAIN, announced the full-scale deployment of OpenAI's newly-released open-source models, hosted entirely within Saudi Arabia in HUMAIN's next-generation sovereign data centers, on @GroqInc's ultra-high-speed inference platform. This is a defining moment… — HUMAIN (@HUMAINAI) August 6, 2025 The infrastructure is positioned as fully sovereign, meaning all data handling complies with Saudi regulations. This could be significant for organizations in the public and private sectors that require local hosting of data-intensive applications. The companies did not disclose commercial terms or usage projections. Groq CEO Jonathan Ross said the partnership expands the company's reach into the Middle East. 'Our partnership with HUMAIN gives us a powerful regional and globally central presence in one of the fastest-growing AI ecosystems on the planet,' Ross said. The announcement builds on a partnership first disclosed in May and aligns with Saudi Arabia's national strategy to become a competitive player in global AI development. HUMAIN had previously stressed its ambition to develop AI capabilities across infrastructure, foundational models, and sector-specific applications.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store