LEAP 2026 sees over $2.5B investments in 2nd day

The second day of LEAP 2026 saw the announcement of investments and launches worth approximately $2.5 billion in total, Saudi Press Agency (SPA) reported.

The announcements covered data centers, cloud services, technology localization, and research and development, reinforcing Saudi Arabia’s position as a global hub for digital infrastructure and advanced technologies in the intelligent era. Key announcements included:

Al Moammar Information Systems Co. (MIS) led the day’s announcements with a $1.2 billion investment to expand its data centers in Saudi Arabia and increase its operational capacity to reach a total of 192 megawatts, supporting growing demand for cloud computing and AI services.

NHC Innovation Co. announced the development of data centers in Khuzam Digital Valley with an investment of $880 million, providing integrated digital infrastructure with scalable capacity targeting 65 megawatts by 2033.

Vision Invest and Africa Finance Corp. (AFC) are leading a $300 million investment in WIOCC to support the expansion of digital infrastructure in Africa and enhance connectivity and digital services across the continent’s markets.

Mobily and BytePlus announced a joint investment of more than $150 million to launch BytePlus cloud services in Saudi Arabia and expand access to advanced solutions for businesses and enterprises.

Hewlett Packard Entreprise (HPE) announced the expansion of its Made in Saudi program from hardware localization to integrated technology solutions, alongside the launch of the Saudi Innovation Center in collaboration with Intel to support startups and national talent in AI.

Nokia announced the opening of its first research and development center in Saudi Arabia to accelerate the development of AI-powered network automation technologies and strengthen research, innovation, and advanced communications capabilities in the Kingdom.