Latest news with #LEAPIntoInnovation
Arab News
11-02-2025
- Business
- Arab News
LEAP 2025 announces $7.5bn in tech and AI investments on Day 2
LEAP 2025, the global tech event, witnessed a series of groundbreaking investments on Day 2, exceeding $7.5 billion, in data centers, submarine and fiber-optic cable networks. These investments are focused on enhancing digital infrastructure and promoting innovation in artificial intelligence, 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 $905 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 has announced a $51 million investment in a private fiber-optic network, which will enhance digital connectivity and expand 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. Also, 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; the Saudi Federation for Cybersecurity, Programming, and Drones; Tahaluf, an alliance between SFCPD and Informa PLC; and the Events Investment Fund. 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. Discussions 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.
Leaders
10-02-2025
- Business
- Leaders
LEAP25 Expands Groundbreaking Investments on 2nd Day, Surpassing $7.5 Billion in Tech, AI
'The global tech event LEAP25 continued to make waves on its second day, with investments exceeding $7.5 billion in digital infrastructure, including data centers, submarine cables, and fiber-optic networks. These strategic investments reinforce Saudi Arabia's position as a regional hub for technology and artificial intelligence (AI) innovation. DataVolt, NEOM Among the major announcements, DataVolt, in collaboration with NEOM, unveiled a $5 billion investment to establish the first fully sustainable AI data center in OXAGON, with a capacity of 1.5 GW. This cutting-edge facility aims to serve as a global hub for advanced computing and technological innovation. Alfanar committed $1.4 billion to the development of four data centers, boasting a total capacity of 88 MW. This initiative will drive the growth of the digital economy and foster business solutions across Saudi Arabia. In a move to enhance the Kingdom's digital infrastructure, Mobily announced a $911 million investment in key projects, including submarine cable networks and advanced data centers. Additionally, Zoom pledged $75 million to accelerate AI innovation and establish new data centers, further supporting tech enterprises and government entities in the region. Saudi Arabia Railways Saudi Arabia Railways is investing $51 million in a private fiber-optic network to bolster digital connectivity and expand the nation's communications infrastructure. Meanwhile, SkyFive highlighted Saudi Arabia's growing role as a technology hub with a $100 million investment in non-terrestrial network services. This initiative will focus on pioneering Advanced Air Mobility solutions and fostering innovation in this emerging sector. Further solidifying the Kingdom's technological leadership, HPE announced the expansion of the 'Made in KSA' initiative and the localization of HPE Aruba solutions. This effort aims to enhance digital infrastructure with security-first and AI-powered networking solutions. MCIT, SFCPD LEAP25 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, Informa PLC, and the Events Investment Fund (EIF). The event unites global tech leaders, fostering collaboration between investors and startups while showcasing cutting-edge innovations. The event features educational experiences, workshops, and thought leadership sessions, including the 'LEAP Into Innovation' initiative 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. LEAP25 continues to cement Saudi Arabia's leadership in the global tech landscape, driving forward a vision of innovation, sustainability, and digital transformation. Related Topics : Saudi Arabia's Tech Revolution: A Strategic Leap Forward Digital Services for Secure Nation: Ministry of Interior Participates in LEAP 2025 Madinah Gate Project Launch: A Visionary Leap Towards Saudi Arabia's Future Saudi Arabia Makes Significant Leap in World Bank's SPI Short link : Post Views: 9
Asharq Al-Awsat
10-02-2025
- Business
- Asharq Al-Awsat
LEAP25 Continues Groundbreaking Announcements on Day Two with Over $7.5 Bn in Investments
LEAP 2025, the global tech event held in Riyadh, witnessed a series of groundbreaking investments on Day 2, exceeding $7.5 billion, in data centers, submarine and fiber-optic cable networks. 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.
