23 Hrs
Source:
الاقتصادية
$15 Billion Investment at LEAP 2026
During the "LEAP 2026" conference in Malham, North Riyadh, investments and technologies exceeding $15 billion were announced as part of Saudi Arabia's efforts to strengthen its digital economy, which is nearing $139 billion and is experiencing rapid growth of nearly 70%. Minister Abdullah Al-Swaha confirmed that the Kingdom has become one of the largest tech hubs in the region, with nine startups valued at over a billion dollars each, and 411,000 tech workers. This makes Saudi Arabia the fifth largest tech center globally, with female empowerment in the sector approaching 36%. The conference gathered more than 1,800 companies and 1,900 investors, aiming to cement Saudi Arabia’s position as a global tech source and hub. Investment in venture capital continues to grow, reaching $1.72 billion, along with events and innovations in artificial intelligence, fintech, healthcare, and space.
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