Saudi Arabia is shaking up its wealth game.

Back in April 2016, they rolled out “Saudi Vision 2030”, setting their sights on catapulting Saudi Arabia into the world’s top 15 economies by 2030. They’re shooting to bump the Public Investment Fund (PIF) assets from $160 billion to almost $1.9 trillion. Plus, they aim to leap from 25th to somewhere in the top 10 on the Global Competitiveness Index. Not too shabby, right?

01

Reimagining wealth: Goodbye oil, hello innovation

The days of leaning solely on oil are winding down. Saudi Vision 2030 shows the government’s push to ditch reliance on the black gold, aka oil. Large AI models are now the talk of the town. Computing power’s the new “oil”, and Saudi’s all in.

Fast forward to the end of 2023, Saudi’s messing around with 22 active data centers. Expectations are to hit 62 soon. Keeping with the trend, during Trump’s second visit to Saudi in May 2025, AMD joined hands with a local AI firm, Humain. (For a deep dive on Humain, see “Semiconductors in the Middle East, the Future is Bright” on ICViews.)

Come August 2025, Humain kick-started building data centers in Riyadh and Dammam. Humain CEO Tareq Amin hinted they’ll switch the lights on by mid-2026. By 2030, they’re planning an impressive 1.9 gigawatts of capacity. Meanwhile, the Stargate project eyes 4.5 gigawatts for the U.S. alone.

02

Saudi’s sandy shores: The next big tech frontier

NVIDIA and AMD, tech’s big guns, didn’t come alone. Even Intel’s Pat Gelsinger popped in for a chat on semiconductors and AI. And they’re not the only ones sniffing out Saudi’s burgeoning market.

ICViews dished out juicy tidbits on data center investments since 2021. Turns out, plenty of these centers are a Saudi-China love affair, initially serving cloud needs across the Middle East.

2025 was Tencent Cloud’s year for its first Middle Eastern venture, pledging over $150 million. This might just be the beginning of Saudi’s tech transformation.

03

Why tech firms are eyeing Saudi Arabia

Energy bills got ’em hooked. Data centers guzzle energy, making U.S. giants sweat over rising costs. They project data centers might use up 12% of U.S. electricity by 2028. Saudi’s state-owned Saudi Electricity Company offers a sweet deal, meeting massive industrial demands with surplus capacity.

It’s not just the power prices—there’s ample infrastructure in the works. They’re laying down thousands of kilometers of transmission lines and throwing in new nuke plants to boot.

Don’t forget the electricity rates. In the U.S., they’re rising fast. Conversely, Saudi promises costs between 5 to 8 cents per kilowatt, making data centers smile wide.

Plus, no green spaces to mind. With the desert’s barren landscapes, data centers settle comfortably without worrying about disrupting lush nature. It’s a win-win for tech giants looking to expand seamlessly.

Not to say they’re anti-green. In line with Vision 2030, Saudi’s charging ahead with renewable energy projects, reducing its oil shackles.

04

Building more than just data centers

Saudi wants more than to be a “power-richer”. They’re beefing up in science. Enter King Abdullah University of Science and Technology (KAUST), a hub of innovation since 2009. They’re churning out cutting-edge research in semiconductors and much more.

One standout project from KAUST? Chips that stack 41 layers high, crushing the competition, all while trimming energy use. KAUST’s aligning research with innovation, having set up a cool 750 million Saudi Riyals deep-tech fund.

05

Saudi Arabia’s path ahead

By 2024, Saudi’s GDP hit $1.09 trillion. They’ve also got their eyes on the tourism pie, projected to balloon to $110.1 billion by 2033.

According to the Global Innovation Index of 2024, they’re riding high, now in the 47th spot. There’s significant buzz in China about investing here too.

Yet, as with all good stories, caution’s wise. Many boast ties to the royal circle, but sometimes wind up spinning wheels. When diving into Saudi investments, keeping both eyes open is key.

This deep dive originally appeared via “Semiconductor Industry Insights” by Liu Qian, published on 36Kr with permission.

The post Can Saudi Arabia Emerge as a Hub for Computing Innovation with Strategic Investment? appeared first on Kingston Global Tokyo Japan.

IPO Grey Market Premium & Rates, Upcoming IPO GMP Detailed Guide

Hey there!

If you’re not new to the IPO game, you’ve probably heard whispers about the grey market premium. It’s that murmur about Upcoming IPOs trading at a mysterious premium or discount.

This chat is all about decoding the IPO grey market.

LATEST IPO GREY MARKET PRICE (GMP) & UPCOMING PREMIUM & KOSTAK RATES

Curious about what this grey market stuff is all about, or how it even works? Stick around—you’ll get the lowdown on Grey market IPOs and what their premiums mean for investors.

Let’s dive right in!

What is the Grey Market?

The Grey Market’s like the Wild West of IPO trading. It’s unregulated, and here investors exchange IPO applications and shares even before the stock hits the market. While some might be skeptical about jumping into the grey market, the Grey Market Premium (GMP) offers a sneak peek into potential listing gains. Just add GMP to the issue price, and voila—you’ve got an estimated listing price. But beware, these aren’t official numbers.

The table below shows some of the GMP for key IPOs:

*Note: GMPs are mostly hearsay. We don’t touch grey market trades, nor do we recommend you do.

Latest Grey Market Premium Today

(As of 2025) Grey market rates are changing faster than a cab fare during rush hour. Here’s the latest scoop:

What is Grey Market Premium (GMP)?

GMP is essentially the gray market’s version of guessing the stock’s worth before hitting the official trading floors. It plays a huge role in the dynamic NSE and BSE IPO markets, revealing more about buyer and seller activities than a fortune teller with a crystal ball. A high GMP pulls in more investors like a packed subway car during rush hour, while a low figure has them jumping off faster than the Express.

Imagine this: Reliance Nippon is trading in the grey market at Rs. 250, with a premium of Rs. 50. If you’re buying, you’re calculating a Rs. 300 price tag before its official debut.

IPO Allotment Tips & Tricks

Thinking about playing the IPO game? Knowing the GMP is like having the subway map memorized—it helps navigate through without any hiccups.

1. Understand the Market: Note price movements, but stick to fundamentals.
2. Stay Updated: Market news can change faster than weather predictions.
3. Evaluate Risks: GMP can change, just like train schedules on a rainy day.
4. Diversify Your Portfolio: Don’t put all your eggs in one basket—or train car.

What are Kostak Rates?

Kind of like a side hustle, the Kostak rate is a premium from selling your IPO application off-market before listings. It could be your golden ticket, or just another bump in the financial roller coaster.

Intrigued by the Grey Market?

Just remember, it’s a bit like a secret underground club. Fun and unpredictable, but not without its risks. Unofficial trades here won’t get a nod from SEBI or any other official regulator.

Chasing the Premiums: Why IPOs Trade in Grey Markets

It’s simple supply and demand, not unlike your favorite local pizzeria’s hottest slice specials. More buyers than sellers will hike the price, and vice versa.

Helpful Tips for Navigating the IPO Grey Market

• Keep a Keen Eye: Grey market movements can be swift, kind of like expecting the unexpected on your daily commute.
• Acknowledge Risks: Outcomes aren’t guaranteed, so measure your steps carefully.
• Overall Picture: Consider financials, not just the premium. Gauging a company’s fundamentals is critical, so see it as you would planning your day around any potential track work.

FAQs and Final Thoughts

Let’s wrap this up by re-emphasizing this crucial point—the grey market’s not official. It operates more underground than anything in the Big Apple. While useful as a temperature gauge, it’s in no way a crystal ball for market success.

Be sure to chat about this with your investment buddies over a slice or shoot me a message with questions.

Cheers to making smart choices!

The post Latest IPO GMP and Kostak Rates Live Data » Investment Learning Hub appeared first on Kingston Global Tokyo Japan.