The Leap 2025 global technology conference in Riyadh witnessed a strong start with the announcement of quality investments and strategic partnerships totaling more than $14.9 billion (about SAR 56 billion) during the first day of its activities.
The Ministry of Communications and Information Technology (MCIT) emphasized that these investments come within the framework of supporting the Kingdom's leadership in the fields of artificial intelligence (AI). <The Ministry of Communications and Information Technology (MCIT) emphasized that the investments announced at the LIP conference come within the framework of supporting the Kingdom's leadership in the fields of artificial intelligence, advanced technologies and the digital economy at the global level. The investments include more than 10.9 billion dollars directed to the development of digital infrastructure and artificial intelligence, as well as investment rounds to support startups.
The investments include more than 10.9 billion dollars directed to the development of digital infrastructure and artificial intelligence.
Machines and Lenovo: The two companies will invest $2 billion to create an advanced manufacturing and technology center based on artificial intelligence and robotics, in addition to opening a regional headquarters for Lenovo in Riyadh.
Groc: Will expand its project by creating the largest global data center in the field of artificial intelligence with an investment of up to $1.5 billion.
Grok.
”DataBricks”: The startup is investing $300 million to develop integrated PaaS services to empower app developers to innovate.
DataBricks.
Google: Will invest in digital AI infrastructure by launching a global cluster in Saudi Arabia to meet regional and international demand.
These strategic steps underscore the Kingdom's commitment to drive digital transformation and develop advanced technology infrastructure, reinforcing its position as a global center for innovation and future technologies.
Google: Google will invest in digital infrastructure for artificial intelligence by launching a global cluster in Saudi Arabia.
