LEAP24 opens in Riyadh with $11.9bn in announced investments
By Cicada DeskEvent date: 1 min read
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In brief
LEAP 2024 ran from 4 to 7 March 2024 at the Riyadh Exhibition and Convention Center.
LEAP 2024 ran from 4 to 7 March 2024 at the Riyadh Exhibition and Convention Center. Communications Minister Abdullah Alswaha announced $11.9 billion in new investments, led by the $5.3 billion AWS cloud region and DataVolt's $5 billion data center plan, plus IBM ($250 million) and ServiceNow ($500 million).
Aramco unveiled its Metabrain industrial AI model at the event. Other reports put total announcements at more than $13 billion and at about $12 billion.
Key figures
- $11.9bnannounced investments
Sources
This report is compiled from the sources below. Cicada links to every source we rely on.
- 1LEAP 2024: AWS, IBM, Dell and other tech firms commit massive $11.9bn in investments Gulf Business · 5 Mar 2024
- 2Aramco reveals 250B LLM; GAIA backed by $1 billion funding Middle East AI News · 7 Mar 2024
Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "LEAP24 opens in Riyadh with $11.9bn in announced investments". Cicada, 4 March 2024. https://cicadaconsultancy.online/en/news/leap24-opens
Free to quote and reuse with attribution under CC BY 4.0.
