LEAP23 in Riyadh announces about $9bn of tech investments
By Cicada DeskEvent date: 1 min read
Added to the archive: Last verified:
In brief
LEAP 2023 ran from 6 to 9 February 2023 in Riyadh and announced about $9 billion of investments; a later organizer recap puts the total at more than $9.5 billion.
LEAP 2023 ran from 6 to 9 February 2023 in Riyadh and announced about $9 billion of investments; a later organizer recap puts the total at more than $9.5 billion. Highlights were Microsoft's $2.1 billion for a hyperscale cloud, Oracle's $1.5 billion for new cloud regions, Huawei's $400 million for cloud infrastructure and a cloud region from Zoom with Aramco.
Meta launched its first Metaverse Academy in the region, and organizers reported more than 250,000 visitors.
Key figures
- $9bnannounced investments
Sources
This report is compiled from the sources below. Cicada links to every source we rely on.
- 1LEAP 2023 in Riyadh sees US$9 billion worth of investments Entrepreneur Middle East · 7 Feb 2023
- 2LEAP 2023 brings over US$9.5 billion worth of investments to Saudi Arabia's tech sector LEAP Forward (Tahaluf) · Jun 2023
- 3U.S. companies launch new investments at LEAP 2023 US-Saudi Business Council · 3 Mar 2023
Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "LEAP23 in Riyadh announces about $9bn of tech investments". Cicada, 6 February 2023. https://cicadaconsultancy.online/en/news/leap23-opens
Free to quote and reuse with attribution under CC BY 4.0.
