Saudi Arabia Secures $20 Billion in AI Investments at LEAP Tech Conference

The deals include a $5 billion green AI data center in Neom's Oxagon and highlight the Kingdom's bid to become a global AI hub.

Saudi Arabia's LEAP tech conference has attracted over $20 billion in AI investment commitments, underscoring its ambitions to lead in artificial intelligence.
A $5 billion agreement with DataVolt will fund the construction of a sustainable AI data center in Neom's Oxagon, expected to be operational by 2028.
US-based Groq, in partnership with Aramco Digital, pledged $1.5 billion to build what could become the world's largest AI inferencing data center in Saudi Arabia.
Salesforce announced a $500 million investment to expand its platform and enhance cloud services for customers in the region.
These investments align with Saudi Arabia's Vision 2030 initiative to diversify its economy and position itself as a regional and global leader in AI and digital innovation.