Global tech event LEAP 2025 currently happening in Riyadh continues to secure new investments, surpassing $7.5 billion, aimed at boosting digital infrastructure and advancing innovation in artificial intelligence (AI). These investments are pivotal in reinforcing Saudi Arabia’s position as a regional hub for technology and innovation, SPA reported.
DataVolt, in partnership with NEOM, unveiled an investment of $5 billion to create the first fully sustainable AI data center in OXAGON, boasting a capacity of 1.5 gigawatts. This state-of-the-art facility is designed to become a global center for advanced computing and innovation.
Alfanar announced an investment of $1.4 billion to establish four data centers, which will collectively have a capacity of 88 megawatts. This initiative is set to stimulate the growth of the digital economy and enhance business solutions within Saudi Arabia.
Strategic initiatives for enhanced connectivity
In a significant move to improve the Kingdom’s digital infrastructure, Mobily committed $905 million to develop key projects, including submarine cable networks and advanced data centers. This investment is crucial for supporting the burgeoning digital landscape.
Furthermore, Zoom has pledged $75 million to promote AI innovation and establish new data centers, providing essential support for tech enterprises and government entities to drive digital expansion in the region.
Expanding communications infrastructure
Saudi Arabia Railways has announced a $51 million investment in a private fiber-optic network aimed at improving digital connectivity and expanding the country’s communications infrastructure. This initiative will further enhance the technological framework of the Kingdom.
Read more | LEAP 2025: Saudi Arabia solidifies status as global AI hub with $14.9 billion investment
SkyFive has also spotlighted Saudi Arabia’s evolving role as a regional technology hub by disclosing a $100 million investment in non-terrestrial network services focused on pioneering Advanced Air Mobility solutions and fostering innovation in this area. Additionally, HPE revealed plans to expand the “Made in KSA” initiative and localize HPE Aruba solutions to strengthen infrastructure with a security-first and AI-powered approach.
LEAP 2025 solidifies Saudi Arabia’s tech leadership
LEAP 2025 is organized by the Ministry of Communications and Information Technology (MCIT), the Saudi Federation for Cybersecurity, Programming, and Drones (SFCPD), and Tahaluf, an alliance between SFCPD and Informa PLC, along with the Events Investment Fund (EIF). The event further unites global tech leaders to exchange insights, nurture connections between investors and startups, and showcase innovative technologies.
LEAP features a range of educational experiences, workshops, and thought leadership sessions, including the “LEAP Into Innovation” by the Research, Development, and Innovation Authority (RDIA). These discussions will explore future-focused topics such as green hydrogen, carbon-neutral cities, sustainable mining, and space exploration.
Moreover, LEAP 2025 continues to cement Saudi Arabia’s leadership in the global technology landscape, propelling a future characterized by innovation and sustainable digital transformation.
