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Saudi Arabia announces $14.9bn tech investments, DeepSeek opens in Gulf

Saudi Arabia announced technology investments and strategic partnerships worth $14.9 billion at the Leap Technology Conference in Riyadh on February 9, marking a significant expansion of the kingdom's artificial intelligence and digital infrastructure.
The Ministry of Communications and Information Technology stated that $10.9 billion will be directed toward AI infrastructure and startup funding, while Groq will invest $1.5 billion to establish the world's largest AI-focused data center in the kingdom.
DeepSeek has begun operating through Aramco Digital's data centers in Dammam, Saudi Arabia, marking another significant development in the kingdom's expanding AI infrastructure, as announced on February 9 at the conference.
Communications Minister Abdullah Al-Swaha noted that Saudi Arabia's digital economy has grown 73% to reach $260 billion, with Saudi Arabia representing 15% of this market, positioning the kingdom as a primary destination for AI enterprises and startups.

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Anadolu Ajansı

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intellinews.com

Saudi Arabia announces $14.9bn tech investments, DeepSeek opens in Gulf

Saudi Arabia unveiled technology investments and strategic partnerships worth $14.9bn at the LEAP technology conference in Riyadh on February 9, ...

14 days ago

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madhyamamonline.com

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TECHx Media

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TechDator

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independentpress.cc

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Mon 10 February 2025: The fourth edition of the LEAP 25 tech conference kicked off Sunday in Saudi Arabia’s capital, Riyadh, with the first day seeing the attraction of major investments and strategic partnerships exceeding a total value of $14.9 billion in infrastructure and artificial intelligence (AI). In a statement on its official website, the […]

13 days ago

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