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Arab News
14-02-2025
- Business
- Arab News
LEAP 2025 concludes with multi-billion dollar investments and global expansion
The fourth edition of LEAP 2025, held in Riyadh, has reinforced Saudi Arabia's position as a global hub for artificial intelligence, cloud computing, and digital infrastructure investments, securing total investments exceeding $14.9 billion. It was the region's premier technology event, which concluded at the Riyadh Exhibition and Convention Center in Malham under the theme 'Into New Horizons.' The milestone highlighted the Kingdom's growing influence in the digital economy and innovation landscape. The success of LEAP 2025 is a testament to the unwavering support of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz, whose vision continues to drive Saudi Arabia's digital transformation. This aligns with Vision 2030's objectives, solidifying the Kingdom's leadership in technology, AI, and entrepreneurship. As a global platform, LEAP brings together top thinkers, industry leaders, and investors to drive innovation and accelerate the shift toward a prosperous and sustainable digital economy. Organized by the Ministry of Communications and Information Technology, in collaboration with the Saudi Federation for Cybersecurity, Programming, and Drones and Tahaluf Company, LEAP 2025 featured over 200,000 attendees; participation from 1,800 international and local entities; more than 1,000 global speakers; a showcase of 680 startups; and major deals with asset managers overseeing $22 trillion in portfolios These figures underscore Saudi Arabia's role as a global innovation hub, attracting top-tier companies and talent in the tech sector. LEAP 2025 witnessed the announcement of landmark investments that will accelerate digital growth in the Kingdom, including a $1.5 billion partnership between Groq and Aramco Digital to boost AI-powered cloud computing investments; a $2 billion investment between Saudi-based Alat and China's Lenovo to establish an advanced AI and robotics-driven manufacturing and technology hub; and the launch of several digital infrastructure and innovation projects, reinforcing Saudi Arabia's position as a top destination for global tech investments. Eng. Abdullah Alswaha, minister of communications and information technology, emphasized that LEAP 2025 reflects the Kingdom's leadership in global technology innovation. He said that the international investments and success achieved by Saudi Arabia's technology sector "are a direct result of the support and empowerment" of the crown prince. "This momentum drives Saudi Arabia toward its Vision 2030 goals, strengthening its position as a leader in AI, digital transformation, and entrepreneurship,' he added. Faisal Al-Khamissi, chairman of the Saudi Federation for Cybersecurity, Programming, and Drones and Chairman of Tahaluf, said: 'None of these achievements would have been possible without the support and vision of the crown prince, who has transformed Saudi Arabia into a global hub for advanced technology, innovation, and a sustainable digital economy. 'LEAP 2025 was not just a tech event — it was the largest and most impactful edition to date. It connected startups with investors, drove innovation, and unlocked new opportunities for entrepreneurs.' Al-Khamissi added: "LEAP will expand globally, with two editions planned for 2026 — one in Riyadh and another in Hong Kong. This marks a significant step in Saudi Arabia's leadership in the global digital economy and AI-driven innovation." LEAP 2025 has already accelerated the growth of several startups, with notable success stories including Ejari, which started with a small booth at LEAP and secured a $1 million seed round, followed by another $15 million investment. It has since expanded its team to over 30 employees and attracted $50 million in business opportunities. Data Lexing, a Saudi startup that debuted at LEAP 2022, has since expanded to 10 international markets with over 2,000 clients, 65% of whom are outside Saudi Arabia. Quant secured $2 million in investment in a single day at LEAP. With its record-breaking deals, global partnerships, and visionary expansion plans, LEAP continues to shape the future of AI, innovation, and technology investment worldwide.
Zawya
14-02-2025
- Business
- Zawya
Saudi: LEAP25 nets $15bln in key investments
The fourth annual LEAP25 conference, the region's premier technology event, concluded yesterday (February 12) at the Riyadh Exhibition and Convention Center in Malham under the theme "Into New Worlds." The conference marked another success for the kingdom as a global hub for investments in artificial intelligence (AI), infrastructure, and cloud computing, with total investments exceeding $14.9 billion, reported SPA. The achievement reflects Saudi Arabia's position as a key center for innovation and advanced technologies, as well as its growing role in the digital economy. Its success reflects the support and empowerment provided to the sector by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, reinforcing the Kingdom's commitment to achieving the goals of the Saudi Vision 2030 and solidifying its global leadership in technology, AI, and entrepreneurship, it stated. LEAP is considered a global platform that brings together leading thinkers and practitioners in the digital field, empowering entrepreneurs, fostering innovation in the era of AI, and driving the transition toward a thriving and sustainable digital economy. Saudi Federation for Cybersecurity, Programming, and Drones board Chairman and Tahaluf Company board chairman Faisal Al Khamisi pointed out that LEAP25 was not just a tech conference but a global platform that hosted its largest edition yet, contributing to innovation, connecting startups with investors, and opening new opportunities for entrepreneurs. According to him, the conference was not only about major investments of nearly $15 billion but witnessed dynamic interactions between startups and investors, leading to significant deals and support for new entrepreneurial projects. Al Khamisi said LEAP had become a global benchmark for the speed of deal-making and project launches, enabling major tech companies to close deals in just a few days - processes that would typically take a year, said the SPA report. Additionally, he announced that LEAP will expand beyond the kingdom, with two editions set for next year - one in Riyadh and another in Hong Kong - further solidifying Saudi Arabia's role as a global hub for digital economy, innovation, and AI. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
13-02-2025
- Business
- Trade Arabia
LEAP25 ends on a successful note; nets $15bn in key investments
The fourth annual LEAP25 conference, the region's premier technology event, concluded yesterday (February 12) at the Riyadh Exhibition and Convention Center in Malham under the theme "Into New Worlds." The conference marked another success for the kingdom as a global hub for investments in artificial intelligence (AI), infrastructure, and cloud computing, with total investments exceeding $14.9 billion, reported SPA. The achievement reflects Saudi Arabia's position as a key center for innovation and advanced technologies, as well as its growing role in the digital economy. Its success reflects the support and empowerment provided to the sector by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, reinforcing the Kingdom's commitment to achieving the goals of the Saudi Vision 2030 and solidifying its global leadership in technology, AI, and entrepreneurship, it stated. LEAP is considered a global platform that brings together leading thinkers and practitioners in the digital field, empowering entrepreneurs, fostering innovation in the era of AI, and driving the transition toward a thriving and sustainable digital economy. Saudi Federation for Cybersecurity, Programming, and Drones board Chairman and Tahaluf Company board chairman Faisal Al Khamisi pointed out that LEAP25 was not just a tech conference but a global platform that hosted its largest edition yet, contributing to innovation, connecting startups with investors, and opening new opportunities for entrepreneurs. According to him, the conference was not only about major investments of nearly $15 billion but witnessed dynamic interactions between startups and investors, leading to significant deals and support for new entrepreneurial projects. Al Khamisi said LEAP had become a global benchmark for the speed of deal-making and project launches, enabling major tech companies to close deals in just a few days - processes that would typically take a year, said the SPA report. Additionally, he announced that LEAP will expand beyond the kingdom, with two editions set for next year - one in Riyadh and another in Hong Kong - further solidifying Saudi Arabia's role as a global hub for digital economy, innovation, and AI.
Arabian Business
13-02-2025
- Business
- Arabian Business
LEAP 2025: Saudi tech event ends with $15bn of deals signed and major announcement for 2026
LEAP 2025 has concluded in Saudi Arabia with almost $15bn of deals signed and a major announcement for 2026. The fourth annual LEAP25 conference, the region's premier technology event, concluded on Wednesday at the Riyadh Exhibition and Convention Centre in Malham under the theme 'Into New Worlds.' The conference marked another success for the Kingdom as a global hub for investments in artificial intelligence (AI), infrastructure, and cloud computing, with total investments exceeding $14.9bn. LEAP 2025 in Saudi Arabia The achievement reflects Saudi Arabia's position as a key centre for innovation and advanced technologies, as well as its growing role in the digital economy. Its success reflects the support and empowerment provided to the sector by Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, reinforcing the Kingdom's commitment to achieving the goals of the Saudi Vision 2030 and solidifying its global leadership in technology, AI, and entrepreneurship. LEAP is considered a global platform that brings together leading thinkers and practitioners in the digital field, empowering entrepreneurs, fostering innovation in the era of AI, and driving the transition toward a thriving and sustainable digital economy. Saudi Federation for Cybersecurity, Programming, and Drones board Chairman and Tahaluf Company board chairman Faisal Al Khamisi emphasised that LEAP25 was not just a tech conference but a global platform that hosted its largest edition yet, contributing to innovation, connecting startups with investors, and opening new opportunities for entrepreneurs. He pointed out that the conference was not only about major investments of nearly $15bn but witnessed dynamic interactions between startups and investors, leading to significant deals and support for new entrepreneurial projects. Al Khamisi indicated that LEAP has become a global benchmark for the speed of deal-making and project launches, enabling major tech companies to close deals in just a few days—processes that would typically take a year. Additionally, he announced that LEAP will expand beyond the Kingdom, with two editions set for next year—one in Riyadh and another in Hong Kong—further solidifying Saudi Arabia's role as a global hub for digital economy, innovation, and AI.
Asharq Al-Awsat
13-02-2025
- Business
- Asharq Al-Awsat
LEAP25 Concludes in Riyadh with Multibillion-Dollar Investments
The fourth annual LEAP25 conference, the region's premier technology event, concluded on Wednesday after it marked another success for Saudi Arabia as a global hub for investments in artificial intelligence (AI), infrastructure, and cloud computing, with total investments exceeding $14.9 billion. The conference was held at the Riyadh Exhibition and Convention Center in Malham under the theme "Into New Worlds,' reflecting Saudi Arabia's position as a key center for innovation and advanced technologies, as well as its growing role in the digital economy. Its success also reflects the support and empowerment provided to the sector by Prince Mohammed bin Salman bin Abdulaziz, Saudi Crown Prince and Prime Minister, reinforcing the Kingdom's commitment to achieving the goals of the Saudi Vision 2030 and solidifying its global leadership in technology, AI, and entrepreneurship. LEAP is considered a global platform that brings together leading thinkers and practitioners in the digital field, empowering entrepreneurs, fostering innovation in the era of AI, and driving the transition toward a thriving and sustainable digital economy. Saudi Federation for Cybersecurity, Programming, and Drones board Chairman and Tahaluf Company board chairman Faisal Al-Khamisi emphasized that LEAP25 was not just a tech conference but a global platform that hosted its largest edition yet, contributing to innovation, connecting startups with investors, and opening new opportunities for entrepreneurs. He pointed out that the conference was not only about major investments of nearly $15 billion but witnessed dynamic interactions between startups and investors, leading to significant deals and support for new entrepreneurial projects. Al-Khamisi indicated that LEAP has become a global benchmark for the speed of deal-making and project launches, enabling major tech companies to close deals in just a few days—processes that would typically take a year. Additionally, he announced that LEAP will expand beyond the Kingdom, with two editions set for next year—one in Riyadh and another in Hong Kong—further solidifying Saudi Arabia's role as a global hub for digital economy, innovation, and AI.
