Lebanon sees $2.5B tech investment by 2026
The activities of the LIB 2026 Conference focused on enhancing technological investments, with the announced investment value exceeding $2.5 billion. The emphasis was on artificial intelligence, cloud computing, and data centers in the Kingdom of Saudi Arabia. An investment of $1.2 billion was announced for expanding data centers and supporting digital infrastructure, along with a joint investment of $150 million between Mobily and Byte Palace to develop new cloud services, and $800 million to establish data centers in Wadi Khazàm Digital. The conference also discussed the future of digital financing, financial inclusion, and the development of consumer experiences in e-commerce and retail sectors, highlighting the role of technology in driving digital transformation and diversifying the economy.
Notice: This Is an AI-Generated Summary
Comments (0)