Major Saudi ICT deals marked significant growth across the technology and telecommunications ecosystem during the week of September 2026. The announcements spanned massive cloud infrastructure projects, extensive software partnerships, and substantial venture funds aimed at accelerating digital transformation in Saudi Arabia.
Funding and Investment
Saudi AI firm HUMAIN targets a fund valued at $2.5 billion to build new data centers, according to reports by الشرق بلومبرغ. In parallel coverage, Bloomberg.com noted that this $2.5 billion fund will establish critical facilities to support artificial intelligence initiatives and broader digital infrastructure.
Saudi Arabia also announced investments exceeding $2.5 billion to expand national data center and advanced technology capabilities, as published by وكالة الأنباء السعودية and SPA (Arabic). Furthermore, day three of the LEAP 2026 conference secured $857 million in tech and manufacturing investments, reported by SPA (English) and SPA (Arabic) for innovation and transformation.
Deals and Contracts
Adobe, the Ministry of Communications and Information Technology (MCIT), and HUMAIN expanded their partnership to provide over $4 billion in free AI-powered creative tools to millions of citizens and residents in Saudi Arabia, as detailed by Business Wire. This collaboration represents a substantial deployment of creative software across the Kingdom.
National Housing Company committed an investment of $880 million into a data center located in Riyadh, according to Asharq Al-Awsat, supporting technology infrastructure for the domestic real estate sector. Meanwhile, industrial fintech financing in Saudi Arabia reached SR541 million during the first half of 2026, marking a 130% increase as reported by Saudi Gazette.
Tracking Saudi ICT Deals and Regulation
On the regulatory and financial front, Saudi Central Bank (SAMA) data revealed that e-commerce sales executed via Mada cards reached SR37.6 billion in July 2026. This figure represents an 11.8% rise compared to June 2026, according to Saudi Gazette, reflecting rapid digital payments expansion in the wider economy.
Launches and Future Outlook
Technology firm HUMAIN launched a global venture capital fund totaling $10 billion to invest in startups and tech ventures internationally, as reported by العربية. Finally, LEAP 2026 concluded with nearly $15 billion in investments, launches, and agreements, with the subsequent edition confirmed for April 2027 by SPA (English) and SPA (Arabic).
