Investment and technology announcements made during LEAP 2026 have exceeded $2.5 billion, with data centers, cloud computing and artificial intelligence infrastructure accounting for a significant share of the commitments unveiled during the technology conference in Riyadh.
The announcements underline Saudi Arabia’s growing focus on expanding the digital infrastructure required to support artificial intelligence, cloud services and other advanced technologies as the Kingdom advances its wider digital transformation agenda under Vision 2030.
MIS Announces $1.2 Billion Data Center Investment
Al Moammar Information Systems, better known as MIS, announced one of the largest investments during LEAP 2026, committing approximately $1.2 billion to expand its data center capacity in Saudi Arabia.
The planned investment is expected to increase the company’s data center capacity in the Kingdom to around 192 megawatts, strengthening local computing infrastructure and supporting growing demand from artificial intelligence applications, enterprises and digital service providers.
The announcement reflects increasing investment across Saudi Arabia in high-performance computing facilities capable of supporting data-intensive workloads.
Mobily and BytePlus Commit Up to $150 Million
Saudi telecommunications company Mobily and technology company BytePlus also announced a joint investment of up to $150 million to introduce BytePlus cloud services in Saudi Arabia.
The initiative is expected to expand locally available cloud computing capabilities while providing additional infrastructure for enterprises adopting artificial intelligence and digital technologies.
Growing demand for cloud computing has become closely linked with Saudi Arabia’s efforts to localize technology services and strengthen its domestic digital ecosystem.
NHC Innovation Plans $800 Million Digital Infrastructure Project
Meanwhile, NHC Innovation announced plans to develop data centers at Khuzam Digital Valley through an investment valued at approximately $800 million.
The project is expected to offer expandable data center capacity of up to 65 megawatts by 2033, providing additional infrastructure for cloud computing, artificial intelligence and other advanced digital services.
Combined with the MIS and Mobily-BytePlus announcements, the project demonstrates the scale of investment flowing toward Saudi Arabia’s expanding data center and cloud infrastructure sector.
Data Centers Take Center Stage at LEAP 2026
The investments announced during LEAP 2026 come as artificial intelligence adoption drives increasing global demand for computing power, cloud infrastructure and high-capacity data centers.
Saudi Arabia has been seeking to position itself as a regional technology and digital infrastructure hub by attracting international technology companies while encouraging domestic companies to increase investment in cloud computing, AI and data infrastructure.
The Kingdom’s expanding digital ecosystem is also becoming increasingly important as companies require greater computing capacity to train and operate artificial intelligence models, host digital platforms and process growing volumes of data.
LEAP 2026 Brings Global Technology Industry to Riyadh
LEAP has emerged as one of Saudi Arabia’s largest technology gatherings, bringing together technology companies, investors, startups, policymakers and industry executives.
The 2026 edition features more than 1,800 global and local technology companies and brands, approximately 600 startups, over 1,000 speakers and experts, and around 1,900 investors.
The event covers sectors including artificial intelligence, cloud computing, cybersecurity, data centers and emerging technologies while providing companies with a platform to announce investments, partnerships and technology agreements.
With announced investments and technology launches surpassing $2.5 billion, LEAP 2026 highlights the growing role of digital infrastructure in Saudi Arabia’s technology strategy and the increasing importance of data centers and cloud computing in supporting the Kingdom’s ambitions in artificial intelligence.
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