Over $2.5 billion invested at LEAP 2026 Day two
On the second day of the "LIP 2026" conference in Riyadh, an announcement was made regarding digital investments and developments totaling nearly 2.5 billion dollars. These investments included strengthening data infrastructure and cloud services. For instance, Al Ma'mar Information Systems Company announced a 1.2 billion dollar investment to expand data centers across the kingdom, along with developing data centers in Wadi Khuzam at a cost of 880 million dollars, aiming to reach 65 megawatts by 2033. Additionally, Vision Invest Company and the African Financing Foundation participated in a strategic investment of 300 million dollars in WIOCC to enhance digital infrastructure across Africa. Collaborative investments exceeding 150 million dollars were also launched between Mobily and BytePlus to introduce cloud services in Saudi Arabia. Furthermore, HPE and Intel announced the expansion of localization programs involving advanced technologies. Nokia opened its first research and development center in the kingdom to advance network automation technologies using artificial intelligence, all as part of shaping the future of technology and digital transformation in Saudi Arabia.
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