A new Saudi-Jordanian AI partnership has been established following a $5 million investment by the Jordan Innovative Startups Fund into the Saudi venture capital fund STV. This strategic collaboration aims to support early-stage technology companies specializing in artificial intelligence, enabling them to expand their operations across the Middle East and North Africa (MENA) region.
According to a report by بوابة الأهرام, the agreement was officially signed in Amman, Jordan. The capital injection will help build a regional technology corridor connecting the two nations, allowing Jordanian startups to access larger markets and investment networks.
Details of the Saudi-Jordanian AI partnership
Under the terms of the agreement, the Jordan Innovative Startups Fund commits $5 million to STV, a venture capital firm with $100 million in capital under management. STV, which receives backing from Google, has committed to investing in Jordanian startups to facilitate their growth. This mutual commitment forms the foundation of the Saudi-Jordanian AI partnership, which seeks to accelerate digital integration in the region.
The investment represents the second major transaction in the second phase of the Jordanian fund’s operations. The first phase of the fund concluded at the end of 2025, receiving a high performance rating from the World Bank, which serves as its primary financial contributor.
Focus on Generative and Applied Technologies
The capital deployed through STV will target companies developing software solutions in generative and applied artificial intelligence. These technologies are increasingly utilized by enterprises and public sectors to improve operational efficiency. By focusing on these specific sub-sectors, the investment aims to address the growing demand for localized software solutions in the Middle East.
The partnership will provide Jordanian tech firms with access to the technical expertise and regional network of the Saudi fund. This access is expected to help local businesses scale their operations and adapt their products for larger regional markets, particularly in Saudi Arabia’s rapidly growing digital economy.
Leadership Perspectives on Regional Growth
The agreement was signed by Mohammed Al-Muhtaseb, CEO of the Jordan Innovative Startups Fund, and Abdulrahman Tarabzouni, Founder and CEO of STV. Representatives from the investment and entrepreneurship sectors of both countries attended the signing ceremony in Amman.
“The partnership with STV will contribute to localizing artificial intelligence technologies in Jordan. It provides startups with greater opportunities to reach regional investors and partners, which supports the growth of the innovation economy.”
Mohammed Al-Muhtaseb, CEO of the Jordan Innovative Startups Fund
Abdulrahman Tarabzouni stated that artificial intelligence serves as a primary driver for future economic development. He noted that the collaboration aims to transform entrepreneurial ideas in Jordan and Saudi Arabia into technology companies capable of competing on both regional and global levels.
Strategic Context and Future Outlook
This initiative builds upon existing economic relations between Jordan and Saudi Arabia. By establishing a dedicated pathway for technology startups, the two nations are creating new channels for capital flow and technical exchange. The Saudi-Jordanian AI partnership is expected to create new employment opportunities for technical talent in both countries while accelerating the adoption of modern software solutions across various business sectors.
