---
title: "LEAP22 opens in Riyadh; $6.4bn of tech investments reported"
url: "https://cicadaconsultancy.online/en/news/leap22-opens"
language: "en"
event_date: "2022-02-01"
published: "2026-10-03"
last_verified: "2026-10-03"
category: "Events"
publisher: "Cicada (cicadaconsultancy.online)"
license: "CC BY 4.0"
---

# LEAP22 opens in Riyadh; $6.4bn of tech investments reported

- Event date: 1 February 2022 (2022-02-01)
- Topic: Events
- In this story: LEAP, Aramco, stc, Huawei, NEOM
- URL: https://cicadaconsultancy.online/en/news/leap22-opens

The first LEAP technology conference opened in Riyadh on 1 February 2022 and was reported to have secured $6.4 billion of investments in future technologies. Announcements included Aramco's Prosperity7 Ventures with $1 billion, a $1.1 billion program for the Ignite digital-content initiative, NEOM Tech's XVRS metaverse, a planned spin-off of stc's data center and cable businesses valued at SAR 2.1 billion, and cooperation between Huawei and stc on data centers. The event featured more than 350 speakers from 80 countries. LEAP was held in February or March from 2022 to 2025 and moved to 31 August-3 September in 2026.

## Key figures

- announced investments: $6.4 bn

## Sources

1. [Saudi commits $6.4b to future tech (LEAP22)](https://www.middleeastainews.com/p/saudi-commits-64b-to-future-tech) — Middle East AI News

Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.

---

Cicada · The signal in Saudi AI.
License: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/) · Full archive for language models: https://cicadaconsultancy.online/llms-full.txt