The Clap
The Leap 23 conference, currently hosted by Riyadh, attracted investments exceeding $9 billion to support future technologies, digital entrepreneurship, and tech startups, which will enhance KSA’s position as the largest digital economy in the MENA region.
What
The Saudi Minister of Communications and Information Technology revealed these investments during the opening day of the conference, including Microsoft’s $2.1 billion investment in a global ultra-wide cloud in KSA.
So What
Meta announced that it will establish the first Metaverse academy in the MENA region in Saudi Arabia.
Huawei also invested $400 million to establish a cloud for its services in KSA, in addition to global and local investments worth $4.5 billion in various fields.
Now What
Zoom wil alsol establish a cloud in Saudi Arabia in partnership with Aramco (2222) with investments amounting to $434 million.
