LEAP25 Continues Groundbreaking Announcements on Day Two with Over $7.5 Bn in Investments
These investments are focused on enhancing digital infrastructure and promoting innovation in artificial intelligence (AI), further establishing Saudi Arabia as a regional hub for technology and innovation.
DataVolt, in collaboration with NEOM, announced a significant investment of $5 billion to establish the first fully sustainable AI data center in OXAGON, with a capacity of 1.5 GW. This cutting-edge facility aims to become a global hub for advanced computing and innovation.
Alfanar revealed a $1.4 billion investment to develop four data centers, with a total capacity of 88 MW. This initiative will support the growth of the digital economy and the development of business solutions in Saudi Arabia.
In a strategic initiative to improve the Kingdom's digital infrastructure, Mobily committed $911 million to develop key projects, including submarine cable networks and advanced data centers.
In addition, Zoom has pledged $75 million to drive AI innovation and establish new data centers, strengthening support for tech enterprises and government entities, which will further fuel digital expansion in the region.
Saudi Arabia Railways announced a $51 million investment in a private fiber-optic network aimed at boosting digital connectivity and expanding the country's communications infrastructure.
In addition, SkyFive has highlighted Saudi Arabia's growing role as a regional hub for technological innovation by unveiling a $100 million investment in non-terrestrial network services. This will focus on pioneering Advanced Air Mobility solutions and driving innovation in this field.
HPE announced the expansion of 'Made in KSA' in the region, and the localization of HPE Aruba solutions to enhance infrastructure with security-first and AI-powered networking.
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, and the Events Investment Fund (EIF). The event brings together global tech leaders to exchange insights, foster connections between investors and startups, and highlight innovative technologies.
LEAP features educational experiences, workshops, and thought leadership sessions, including the 'LEAP Into Innovation' by the Research, Development, and Innovation Authority (RDIA). Discussions will explore future-focused topics such as green hydrogen, carbon-neutral cities, sustainable mining, and space exploration.
LEAP 2025 continues to solidify Saudi Arabia's leadership in the global technology landscape, driving forward a future of innovation and sustainable digital transformation.
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