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Logo of LEAP 2023 Tech Conference
LEAP 2023 Tech Conference kicked off today, Feb. 6, and will run for four days. Several experts, talented ones, innovators and world-leading companies in the fields of technology and innovation participated in the event.
Saudi Arabia has become a hub for technology, innovation and technological investment. During the conference, more than $9 billion were invested by various technology companies, according to a tweet.
In details, Microsoft has injected $2.1 billion to invest in a global ultra-wide cloud in the Kingdom, while Oracle invested $1.5 billion to expand its business by establishing a number of new cloud regions in the Kingdom.
Furthermore, Huawei also announced investing $400 million to set up a cloud region for its services in the Kingdom. Zoom will pump $434 million to establish a cloud region for its services in the Kingdom with Aramco. Meta announced the opening of the first Metaverse academy in the Middle East and North Africa.
This included $4.5 billion worth of global and local investments in various fields.
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