LEAP25 opens with $14.9bn in announced AI and tech investments
By Cicada DeskEvent date: 1 min read
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In brief
LEAP 2025 ran from 9 to 12 February 2025 in Riyadh.
LEAP 2025 ran from 9 to 12 February 2025 in Riyadh. On opening day Communications Minister Abdullah Alswaha announced $14.9 billion of investments, including $1.5 billion from Groq and Aramco Digital, $2 billion from Alat and Lenovo, $500 million from Salesforce, $300 million from Databricks, $150 million from Tencent Cloud for its first Middle East region and $140 million from SambaNova.
Google announced a global AI hub, Qualcomm said it would integrate ALLaM, and KKR and Gulf Data Hub announced a 300 MW data center. The total was described as the largest AI-focused investment announcement in the event's history.
Key figures
- $14.9bnannounced investments
Sources
This report is compiled from the sources below. Cicada links to every source we rely on.
- 1LEAP 2025 launches, unveils $14.9bn in AI investment Gulf Business · 9 Feb 2025
- 2LEAP 2025 sees strategic investments exceeding $14.9bn Sharikat Mubasher
Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "LEAP25 opens with $14.9bn in announced AI and tech investments". Cicada, 9 February 2025. https://cicadaconsultancy.online/en/news/leap25-opens
Free to quote and reuse with attribution under CC BY 4.0.
