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LIP 2026 Day Two Invests $2.5B
On the second day of the LEAP 2026 Conference in Riyadh, investments and technologies exceeding $2.5 billion were announced to enhance the digital infrastructure and localize technological solutions in Saudi Arabia. The announcements included the establishment of new data centers, such as the expansion of Al-Muammar for Information Systems and investments in Wadi Khuzam, as well as support for global expansions, like a $300 million investment in WIOCC to strengthen digital infrastructure across Africa. Additionally, companies such as Mobily, BytePlus, and Nokia launched advanced technological services and solutions, with a focus on localizing technologies, research, and innovation. This reflects the Kingdom’s expanding role in technology and artificial intelligence, reaffirming its position as a global hub for digital innovation.
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