Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
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.
LEAP 2026 Secures Over $2.5 Billion in Tech and Infrastructure Deals
Day two of LEAP 2026 secured over $2.5 billion in funding for data center capacity, cloud solutions, and localized technology research across Saudi Arabia.
CITC and Zain Launch First EcoFusion Carbon-Neutral Telecom Towers in Saudi Arabia
Saudi Arabia has launched its first EcoFusion carbon-neutral telecom tower in Riyadh during LEAP 2026, cutting carbon emissions by up to 40 percent.
Microsoft to Launch Data Center Region in Saudi Arabia in November 2026
Microsoft will launch its Saudi Arabia East cloud region in November 2026, delivering local Azure services and projected economic gains.
Adobe and MCIT Expand $4 Billion AI Partnership for Saudi Residents
Adobe, MCIT, and Humain expand their $4 billion partnership to provide 27 million Saudi residents free access to Firefly and Express AI creative software.
Saudi Digital Exhibition Presents Government Solutions and AI Tools at LEAP 2026
Saudi Digital Exhibition revealed new government platforms, AI services, and cloud migrations during day two of the LEAP 2026 conference in Riyadh.
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LEAP 2026 Day Two Focuses on Integrated Government Services and Artificial Intelligence
LEAP 2026 Day Two highlighted digital government integration through Tawakkalna and practical AI applications across robotics and healthcare.
Saudi Arabia Launches AI Center of Excellence Initiative at LEAP 2026
Saudi ministries partnered with Microsoft and Gulf Intelligence to launch the AI Center of Excellence during LEAP 2026 to upskill the national workforce.
Saudi MCIT, DCO, and AMD Launch Open AI Developer Platform at LEAP 2026
Saudi MCIT, DCO, and AMD have introduced an open developer ecosystem at LEAP 2026 to provide engineers with AI tools and training programs.
Publicis Sapient Outlines Shift to Measurable Economic Value at LEAP 2026
Publicis Sapient highlighted at LEAP 2026 that Saudi organizations must transition from AI experimentation to scalable execution that delivers measurable economic value.
Mashreq Launches Fully Digital Salary Payment Experience in UAE Through MoHRE Integration
Mashreq has launched a fully digital salary payment system for UAE employers via Al Etihad Payments and direct integration with MoHRE.
Almosafer Selects RISE with SAP on AWS Cloud for Digital Expansion
Almosafer announced plans to migrate its enterprise resource planning systems to RISE with SAP on AWS to support operational scale and tourism growth.
Palestine Signs DCO Charter and Unveils Digital Prosperity Plan at LEAP 2026
Palestine has signed the DCO Charter at LEAP 2026 in Riyadh, launching a strategic initiative targeting 10,000 trainees and 250 startups by 2028.
Nissan and Honda Sign Agreement to Standardize ECUs and Software for Software-Defined Vehicles
Nissan and Honda have finalized a joint development agreement to standardize core ECUs and software platforms for software-defined vehicles starting in fiscal year 2029.
Salam and UnifyApps Sign Strategic Agreement to Accelerate Enterprise AI Adoption
Salam and UnifyApps signed an MoU at LEAP 2026 to deliver agentic automation and AI technologies to Saudi government and enterprise organizations.
AMD and HUMAIN Launch AI in a Box for Saudi Enterprises
AMD and HUMAIN have launched AI in a Box to provide turnkey computing hardware for enterprises deploying artificial intelligence in Saudi Arabia.
KAFD Adopts IBM Maximo to Support Smart Asset Handover
KAFD deployed IBM Maximo and developed a proprietary Transition Management Application registered with SAIP to coordinate asset handovers across its 95 buildings.
British Council Opens Applications for Study UK Alumni Awards in Saudi Arabia
The British Council has opened applications for the 13th Study UK Alumni Awards in Saudi Arabia, recognizing international UK graduates across four sectors.
Athar Festival 2026 Unveils Fourth Edition Agenda and Speaker Lineup in Riyadh
Athar Festival 2026 will bring over 200 speakers to Riyadh this November, presenting four specialized content streams and industry training programs.
HPE Expands Local Technology Production and Launches Innovation Initiatives at LEAP 2026
HPE announced the expansion of its Saudi Made technology portfolio at LEAP 2026, introducing new storage platforms, factory services, and an innovation center.
China Digital Sector Reaches $3.08 Trillion in H1 2026
China’s digital sector reached $3.08 trillion in revenue during H1 2026, driven by a 19.3 percent jump in profits and strong artificial intelligence demand.
Syrian Tech Sector Marks First Participation at LEAP 2026 in Riyadh
Syria’s communications and technology sector makes its debut at LEAP 2026 in Riyadh, presenting seven startups and exploring bilateral investments.