LEAP25 Conference Concludes With Over $14.9 Billion Investments And Future Editions In Riyadh And Hong Kong

The fourth annual LEAP25 conference, a leading technology event in the region, concluded at the Riyadh Exhibition and Convention Center in Malham. The event, themed "Into New Worlds," highlighted Saudi Arabia's growing influence as a global hub for investments in artificial intelligence (AI), infrastructure, and cloud computing. Total investments surpassed $14.9 billion, showcasing the Kingdom's commitment to innovation and advanced technologies.

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, has played a pivotal role in supporting this sector. This aligns with the goals of Saudi Vision 2030, reinforcing the Kingdom’s leadership in technology, AI, and entrepreneurship on a global scale. The conference reflects Saudi Arabia's dedication to fostering a thriving digital economy.

LEAP is recognized as a global platform that unites prominent thinkers and practitioners in the digital realm. It empowers entrepreneurs by promoting innovation during the AI era and facilitates the transition toward a sustainable digital economy. The event serves as a catalyst for connecting startups with investors and opening new opportunities for entrepreneurs.

Faisal Al-Khamisi, Chairman of both the Saudi Federation for Cybersecurity, Programming, and Drones board and Tahaluf Company board, emphasized that LEAP25 was more than just a tech conference. He described it as a global platform hosting its largest edition yet, contributing significantly to innovation and entrepreneurship.

Al-Khamisi noted that LEAP25 was not only about major investments nearing $15 billion but also about dynamic interactions between startups and investors. These interactions led to significant deals and support for new entrepreneurial projects. The conference has become a benchmark for rapid deal-making and project launches.

He highlighted that major tech companies could close deals within days at LEAP—processes that would typically take up to a year elsewhere. This efficiency underscores LEAP's role as an essential platform for accelerating technological advancements.

Expanding Horizons Beyond Saudi Arabia

Looking ahead, Al-Khamisi announced plans to expand LEAP beyond Saudi Arabia with two editions scheduled for next year—one in Riyadh and another in Hong Kong. This expansion further solidifies Saudi Arabia’s position as a global hub for digital economy, innovation, and AI.

This strategic move aims to enhance international collaboration while showcasing the Kingdom's commitment to leading in technology sectors worldwide. By hosting events abroad, Saudi Arabia continues to strengthen its influence on the global stage.

The success of LEAP25 reflects the Kingdom's ongoing efforts to empower its digital sector through substantial investments and strategic initiatives. As Saudi Arabia continues to embrace technological advancements, it positions itself as a leader in shaping the future of AI and digital economies globally.

With inputs from SPA