{"id":109764,"date":"2026-09-03T10:14:58","date_gmt":"2026-09-03T07:14:58","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=109764"},"modified":"2026-09-03T10:15:00","modified_gmt":"2026-09-03T07:15:00","slug":"%d8%a7%d9%84%d9%8a%d9%88%d9%85-%d8%a7%d9%84%d8%ab%d8%a7%d9%84%d8%ab-%d9%85%d9%86-%d9%85%d8%a4%d8%aa%d9%85%d8%b1-%d9%84%d9%8a%d8%a8-2026-%d9%8a%d8%b4%d9%87%d8%af-%d8%a5%d8%b9%d9%84%d8%a7","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/109764\/","title":{"rendered":"The third day of the \u00abLEP 2026\u00bb conference sees the announcement of new investments totaling $857 million"},"content":{"rendered":"

Continue The \u201cLib 2026\u201d conference\u201d<\/a><\/strong> Its technological and investment momentum entered its third day, with new announcements totaling $857 million, including investment rounds, funding funds, and quality expansions in cloud computing, data centers, and technology industries, reflecting the Kingdom\u2019s attractiveness to investments and its ability to enable startups and accelerate their growth towards global markets.

293 million dollars across 11 ads
<\/strong>Bold capital investments topped the listings today with announcements of approximately $293 million across 11 announcements, including 9 rounds and investments worth $126.15 million, alongside the launch of a new fund and the expansion of a financing fund with a total value of $166.7 million.
The tours were divided among companies operating in different sectors. Artificial intelligence<\/a><\/strong> The financial technology, travel, gaming, human resources, and digital automotive markets, among others, include COFE Tech, FlyAkeed, Nayla Finance, Sayarah, RABEH, Hazen.ai, ZenHR, Abwab.ai, and TAKA House, with the participation of a group of local and international funds and investors.

Launching a $100 million fund
<\/strong>The fund\u2019s announcements included the launch of Ula Capital, a $100 million fund, in partnership with Korean company FuturePlay, to connect investment opportunities in deep technologies between the Kingdom and Korea. Impact46 and HALA also announced the expansion of their SME funding fund from $26.7 million to $66.7 million, an increase of 150% in less than two years.<\/p>\n\n\n\n

Expansion worth $300 million
<\/strong>As part of the investment drive, Snowflake announced a $300 million investment to expand its operations in the Kingdom through 2030, including the opening of its regional headquarters and the launch of two additional cloud regions in the second half of 2026, alongside the training of 25,000 people, which will strengthen the Kingdom\u2019s position as a regional hub for data and cloud computing.<\/p>\n\n\n\n

150 million dollars for data centers
<\/strong>In the field of industrializing technological industries, Alfanar announced an investment of $150 million to manufacture components for data centers in the Kingdom, which supports the capabilities of the national infrastructure and expands the scope of domestic content in advanced technological industries.
LogRhythm Middle East announced the establishment of a center of excellence in cybersecurity in the Kingdom, aiming to train and empower 50,000 citizens, expand in research and innovation, and develop advanced security solutions, in support of building national capabilities and enhancing the readiness of competencies in the smart era.
The CTS Global Group and Saudi Arabia Technologies Company announced a partnership to localize the manufacturing, design, and construction of the core components of data centers, and to establish specialized factories to produce and export integrated power units, relying on Saudi expertise and global standards.

On the conference\u2019s main stage, HUMAIN highlighted two of its AI institutional solutions: HUMAIN Enterprise Chat and HUMAIN Marketplace, introducing a model for transforming its integrated AI capabilities into practical tools that serve enterprises and accelerate their adoption of advanced technologies. The presentation was attended by Dr. Yasser Al-Aniwan, Executive Vice President and Head of AI at HUMAIN, Dr. Arab Al-Awish, Vice President of Models, and Dr. Manal Al-Asaf, First Vice President of the Marketplace Platform, who reviewed the role of producers in facilitating enterprises\u2019 access to and adoption of AI technologies and their deployment within secure business environments.

HUMAIN Enterprise Chat provides a secure corporate chat experience, enabling employees to integrate artificial intelligence into their daily workflows while maintaining governance, security, and control requirements. It has successfully attracted more than 30 clients within weeks.
HUMAIN Marketplace provides a centralized destination that enables organizations to discover and access AI models, agents, applications, solutions, and more, both from HUMAIN and its broader ecosystem, thereby accelerating the transition from advanced technical capabilities to practical use in business environments.
Today\u2019s third day of \u201cLib 2026\u201d announcements emphasize the continued momentum of the technology and innovation ecosystem in the Kingdom, the growing ability to attract capital and quality investments, the empowerment of emerging companies, the localization of advanced industries, and the building of a competitive digital economy that drives opportunities in the smart era.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>The \u201cLEAP 2026\u201d conference continued its momentum in technology and investment on its third day, with new announcements totaling $857 million, including investment rounds, funding funds, and significant expansions in cloud computing, data centers, and technology industries\u2014reflecting the Kingdom\u2019s appeal to investors and its ability to empower startups and accelerate their growth toward global markets. $293 million across 11 announcements, with investments from Ras\u2026 Read 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