Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
stc Group and Ericsson Sign Multi-Year Deal to Expand 5G Network Across Saudi Arabia
stc group and Ericsson signed a multi-year deal at LEAP 2026 to expand 5G network coverage across Saudi Arabia using new 600 MHz spectrum radios.
Salam and Water Transmission Company Sign Strategic Agreement at LEAP 2026
Etihad Salam Telecom Company and Water Transmission Company signed an agreement at LEAP 2026 to evaluate joint digital infrastructure and networking projects.
Desert Technologies and CTS Group Launch Joint Venture for AI Data Centers in Saudi Arabia
Desert Technologies and Swiss CTS Group established CTS-DT at LEAP 2026 to build AI data centers with an initial 300 MW capacity in Saudi Arabia.
Marafiq and IBM Partner to Modernize Enterprise Service Delivery on ServiceNow Platform
Marafiq and IBM have announced a collaboration to modernize enterprise service delivery using the ServiceNow AI platform announced at LEAP 2026.
Aramco Digital and ServiceNow Sign AI Transformation Deal
Aramco Digital and ServiceNow have signed a collaboration agreement to standardise enterprise workflows across 50 countries using AI technologies.
Leap26 Day Three Secures 293 Million Dollars in Startup Funding
Leap26 witnessed 293 million dollars in startup funding across 11 investment deals on day three, solidifying Saudi Arabia’s venture capital position.
Ad
Naseej Innovation Lab Showcases Knowledge to Market Model at LEAP 2026
Naseej Innovation Lab showcased its knowledge-to-market model at LEAP 2026, presenting methods to transform research and AI into scalable commercial software.
King Saud University Medical City Launches Digital Health Innovation Ecosystem at LEAP 2026
King Saud University Medical City launched its digital health innovation ecosystem and opened registration for Healthathon 2026 during LEAP 2026.
Amazon Confirms $5.3B Cloud and AI Expansion in Saudi Arabia
Amazon confirms its $5.3 billion cloud region in Saudi Arabia is on track for December 2026, featuring three availability zones and expanded AI programs.
MIS and Humain Expand AI Data Center Capacity to 250 MW in Saudi Arabia
MIS and Humain partner at LEAP 2026 to build 250 MW AI data center capacity in Saudi Arabia alongside new cloud expansions with AWS and Together Compute.
Korean AI Consortium Completes Industrial Proof of Concept with Aramco Digital
A group of seven South Korean technology firms completed an industrial AI proof of concept with Aramco Digital, testing 3D modeling and unified infrastructure.
Saudi Arabia Secures $15 Billion in Tech Accords at LEAP 2026
Saudi Arabia unveiled over $15 billion in technology deals at LEAP 2026, targeting massive data center growth, advanced cloud systems, and high-performance computing.
Aramco Signs Cybersecurity and Industrial Artificial Intelligence Agreements at LEAP 2026
Saudi Aramco and Aramco Digital signed cybersecurity and AI agreements with global tech firms at LEAP 2026 to modernize energy operations.
Eastern Region Municipality Showcases Smart Urban Management at LEAP 2026
Eastern Region Municipality presented its smart city initiatives and data systems during the LEAP 2026 technology conference in Riyadh.
Nintex Expands Saudi Partner Operations and Workflow Automation at LEAP 2026
Nintex has expanded its partner network and demonstrated the Nintex Automation K2 platform at LEAP 2026 in Riyadh.
Adobe AI Tools Offered Free to 27 Million Users in Saudi Arabia at LEAP 2026
Adobe partners with Saudi Arabia’s MCIT and HUMAIN to provide free AI creative tools to 27 million users nationwide through 2026.
Absher Launches Four New Civil Status E-Services at LEAP 2026
The Ministry of Interior launched four new civil status e-services via Absher during LEAP 2026 to streamline identity documentation.
SDAIA Introduces Two Regulatory Tracks for Data Protection and Monetization at LEAP 2026
SDAIA introduced two new regulatory sandbox tracks at LEAP 2026 focused on personal data protection and government data monetization models.
King Salman Park and Huawei Sign Strategic Smart Park Agreement at LEAP 2026
King Salman Park Foundation and Huawei signed a two-year MoU at LEAP 2026 to explore AI, digital twins, robotics, and smart platforms in Riyadh.
LEAP 2026 Opens in Riyadh with Over $15 Billion in Tech Deals
Saudi Arabia opened LEAP 2026 with over $15 billion in technology deals, featuring new AI infrastructure, cloud zones, and autonomous trucking networks.
SBM Showcases Enterprise Solutions and AI Tech at LEAP 2026
Saudi Business Machines presented AI infrastructure, local software tools, and cybersecurity solutions during the LEAP 2026 exhibition in Riyadh.
DataVolt and HUMAIN Break Ground on 360 MW AI Data Center in NEOM
DataVolt and PIF-backed HUMAIN have started building a 360 MW AI data center in NEOM’s Oxagon, with an initial 100 MW phase opening in 2028.