LEAP 2026 day two adds $2.5bn for data centers and cloud
By Cicada DeskEvent date: 1 min read
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In brief
On day two of LEAP 2026, the Ministry of Communications and Information Technology (MCIT) reported about $2.5 billion in new investments.
On day two of LEAP 2026, the Ministry of Communications and Information Technology (MCIT) reported about $2.5 billion in new investments. Al Moammar Information Systems committed $1.2 billion to reach 192 MW of capacity; NHC Innovation about $880 million (SAR 3.3 billion) for the Khuzam Digital Valley, targeting 65 MW by 2033 with NAVER Innovation and BytePlus as anchor customers; Vision Invest and Africa Finance Corporation $300 million for WIOCC; and Mobily and BytePlus more than $150 million for a cloud region.
Nokia opened its first Saudi R&D center, and HPE expanded its Saudi Made program.
Key figures
- $2.5bnday-two investments
- $1.2bnAl Moammar investment
- 65MWKhuzam Digital Valley capacity by 2033
Sources
This report is compiled from the sources below. Cicada links to every source we rely on.
- 1LEAP 2026 Day Two: Over $2.5 Billion in Investments to Expand Saudi Data Center and Advanced Technology Capabilities Saudi Ministry of Communications and Information Technology (MCIT) · 1 Sept 2026
- 2National Housing Company Invests About $880 Million in Riyadh Data Center Asharq Al-Awsat · 9 Sept 2026
- 3Saudi secures new compute offtakers and builders at LEAP Enterprise · 4 Sept 2026
Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "LEAP 2026 day two adds $2.5bn for data centers and cloud". Cicada, 1 September 2026. https://cicadaconsultancy.online/en/news/leap26-day-two-data-centre-investments
Free to quote and reuse with attribution under CC BY 4.0.
