More than 1,800 technology brands and 680 start-ups are exhibiting at the Leap technology summit in Riyadh this week. Photo: Leap
More than 1,800 technology brands and 680 start-ups are exhibiting at the Leap technology summit in Riyadh this week. Photo: Leap
More than 1,800 technology brands and 680 start-ups are exhibiting at the Leap technology summit in Riyadh this week. Photo: Leap
More than 1,800 technology brands and 680 start-ups are exhibiting at the Leap technology summit in Riyadh this week. Photo: Leap

Leap 2025: More than $7.4bn investments pledged to boost Saudi Arabia’s AI and data centre capabilities


Alvin R Cabral
  • English
  • Arabic

Technology investments in Saudi Arabia worth more than $7.4 billion were pledged at the Leap summit in Riyadh on Monday, as local and global companies seek to cater to the kingdom's growing artificial intelligence and data centre markets.

DataVolt, a Riyadh-based data infrastructure and analytics company, said it will be developing a 1.5 gigawatt net-zero AI factory campus worth $5 billion in Oxagon − which is set to be the largest floating industrial complex in the world − located at the Neom mega-city.

The campus, which is scheduled to be operational in 2028, is being touted as being the first of its kind globally, Mohammed Abunayyan, board member of DataVolt, said at Leap.

Neom was designed to “tackle future challenges and there's nothing that exemplifies this more than the deal we're announcing today”, added Rayan Fayez, deputy chief executive of Neom.

Alfanar Projects, a Riyadh-based engineering and technology solutions firm, announced an 88 megawatt data centre project worth $1.4 billion spread across “four locations in two cities”, a top executive said.

“The world knows Saudi Arabia is exporting energy. But soon in the future, Saudi Arabia will export the data,” Amer Al Ajmi, an executive vice president at Alfanar Projects, said at Leap.

Telecoms company Mobily also committed to investing more than $905 million to develop data centres and submarine fibre infrastructure, its chief executive Salman Al Badran said.

The investment is part of Riyadh-based Mobily's “vision to elevate the kingdom to [becoming a] global digital hub”, and to cater to the growing demand for artificial intelligence, graphics processing units, hyperscalers, the Internet of Things and 5G, said Mr Al Badran.

Mobily is developing 39 megawatts of data centre capacity: 13MW has already been completed and will be commercially available by the end of the first quarter of 2025, with the rest to be deployed in 2026, he added.

Meanwhile, Zoom Communications, whose videoconferencing service propelled it to fame during the pandemic, announced an additional $75 million investment in Saudi Arabia to support Vision 2030, the kingdom's economic diversification programme.

The commitment includes the launch of a dedicated data centre in the kingdom “along with new AI-driven innovations designed to meet the needs of businesses, government entities and individuals”, the company said.

Saudi Arabian Railways announced a $51 million investment in a private fibre-optic network, in addition to receiving a licence from the kingdom's Communications, Space and Technology Commission to use and lease its telecom infrastructure for commercial use.

In other announcements, Hewlett-Packard Enterprise said it will be manufacturing networking gear of its subsidiary Aruba in Saudi Arabia, with more than 20,000 units of the Wi-Fi 7 compliant devices to be produced annually.

Also, SkyFive Arabia said they it will spend $100 million to expand its network and services in Saudi Arabia, elsewhere in the Middle East and Turkey, in addition to working on providing aircraft with internet speeds of up to 100 megabits per second.

Monday's announcements came after Leap on Sunday unveiled investment pledges worth $14.9 billion, mostly centred on AI.

The Leap technology summit in Riyadh opened with a record $14.9 billion worth of investments in artificial intelligence. Photo: Leap
The Leap technology summit in Riyadh opened with a record $14.9 billion worth of investments in artificial intelligence. Photo: Leap

Those deals included a $2 billion commitment from Alat, the sustainable technology manufacturing company backed by the kingdom's Public Investment Fund, and the world's biggest computer maker Lenovo to establish an advanced manufacturing and technology centre integrating AI and robotics.

Aramco Digital and US AI firm Groq also signed a $1.5 billion agreement to expand infrastructure and cloud computing in the kingdom.

Google also introduced new AI-driven digital infrastructure, while chipmaker Qualcomm confirmed the availability of its ALLaM language model on its Qualcomm AI Cloud at Leap.

China's Alibaba Cloud also launched its AI Enablement Programme, in co-operation with the Tuwaiq Academy and STC Academy, both based in Riyadh, to train national talent.

More than 1,800 technology brands and 680 start-ups are exhibiting at the Leap technology summit in Riyadh this week.

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

THE SPECS

Engine: 4.4-litre V8

Transmission: Automatic

Power: 530bhp 

Torque: 750Nm 

Price: Dh535,000

On sale: Now

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

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Price: Exact regional pricing TBA

360Vuz PROFILE

Date started: January 2017
Founder: Khaled Zaatarah 
Based: Dubai and Los Angeles
Sector: Technology 
Size: 21 employees
Funding: $7 million 
Investors: Shorooq Partners, KBW Ventures, Vision Ventures, Hala Ventures, 500Startups, Plug and Play, Magnus Olsson, Samih Toukan, Jonathan Labin

Day 4, Dubai Test: At a glance

Moment of the day Lahiru Gamage appeared to have been hard done by when he had his dismissal of Sami Aslam chalked off for a no-ball. Replays suggested he had not overstepped. No matter. Two balls later, the exact same combination – Gamage the bowler and Kusal Mendis at second slip – combined again to send Aslam back.

Stat of the day Haris Sohail took three wickets for one run in the only over he bowled, to end the Sri Lanka second innings in a hurry. That was as many as he had managed in total in his 10-year, 58-match first-class career to date. It was also the first time a bowler had taken three wickets having bowled just one over in an innings in Tests.

The verdict Just 119 more and with five wickets remaining seems like a perfectly attainable target for Pakistan. Factor in the fact the pitch is worn, is turning prodigiously, and that Sri Lanka’s seam bowlers have also been finding the strip to their liking, it is apparent the task is still a tough one. Still, though, thanks to Asad Shafiq and Sarfraz Ahmed, it is possible.

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
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Barcelona 2

Pique 36', Alena 87'

Villarreal 0

The%C2%A0specs%20
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Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 

Profile Periscope Media

Founder: Smeetha Ghosh, one co-founder (anonymous)

Launch year: 2020

Employees: four – plans to add another 10 by July 2021

Financing stage: $250,000 bootstrap funding, approaching VC firms this year

Investors: Co-founders

WHAT IS GRAPHENE?

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were experimenting with sticky tape and graphite, the material used as lead in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But when they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment led to graphene being isolated for the very first time.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. 

Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

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COMPANY%20PROFILE
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WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Jetour T1 specs

Engine: 2-litre turbocharged

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Torque: 390Nm

Price: From Dh126,000

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MATCH DETAILS

Chelsea 4 

Jorginho (4 pen, 71 pen), Azpilicueta (63), James (74)

Ajax 4

Abraham (2 og), Promes (20). Kepa (35 og), van de Beek (55) 

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

Walls

Louis Tomlinson

3 out of 5 stars

(Syco Music/Arista Records)

UAE currency: the story behind the money in your pockets
The biog

Profession: Senior sports presenter and producer

Marital status: Single

Favourite book: Al Nabi by Jibran Khalil Jibran

Favourite food: Italian and Lebanese food

Favourite football player: Cristiano Ronaldo

Languages: Arabic, French, English, Portuguese and some Spanish

Website: www.liliane-tannoury.com

Abu Dhabi traffic facts

Drivers in Abu Dhabi spend 10 per cent longer in congested conditions than they would on a free-flowing road

The highest volume of traffic on the roads is found between 7am and 8am on a Sunday.

Travelling before 7am on a Sunday could save up to four hours per year on a 30-minute commute.

The day was the least congestion in Abu Dhabi in 2019 was Tuesday, August 13.

The highest levels of traffic were found on Sunday, November 10.

Drivers in Abu Dhabi lost 41 hours spent in traffic jams in rush hour during 2019

 

How to join and use Abu Dhabi’s public libraries

• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.

• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.

• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.

• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.

• For more information visit the library network's website.

Updated: February 10, 2025, 5:29 PM`