LEAP 2026 Day Two Tech Spending

Data centers and cloud computing took up the largest portion of the announced tech investments during LEAP 2026 in Riyadh, totaling over $2.5 billion. These investments included expanding data center capacities, launching new cloud services, and developing digital infrastructure to support the growing demand for computing power, especially in the fields of artificial intelligence and digital services. Notably, Al Muammar Company invested $1.2 billion to expand its data center capacity, while Mobiley and Byte Plus invested $150 million to launch cloud services. Additionally, NHC allocated $800 million to develop the "Wadi Khuzam Digital" project, which aims to reach a capacity of 65 MW by 2033. These investments highlight the prominent role of data centers in the Kingdom’s tech landscape, addressing the increasing demand for computing capabilities and supporting digital transformation initiatives in line with Vision 2030.

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