$ 2.4 billion to investments that reap Saudi Arabia on the third day of "Leip 2025"

The third day of the activities of the “Lepe 2025” conference won investments by more than $ 2.4 billion, focused on supporting startups, digital infrastructure sectors and improving innovation in artificial intelligence. Equinix was the biggest advertisement during the day, as it launched the largest woolly computing database in the region with a value of more than one billion dollars, while investment funds revealed that $ 695 million investigated to support startups, artificial intelligence technologies, electronic games and innovation solutions. HGM announced the introduction of a headquarters in the kingdom and launched a $ 300 million fund to develop and distribute games locally and internationally, while the National Information Technology Development Program announced the launch of $ 150 million speeds to improve the growth of technology companies in the kingdom. Also read: The second day of “Lepe 25”: Investments of more than $ 7.5 billion have in turn launched ‘Orbit Startups’ to accelerate ‘Sanabel Investment’ with a value of $ 60 million to invest in 200 Startups in its early stages, and the “Sharaka Financial” partnership has shipped its investment of the Middle East in the Middle East. The company “ULA Capital” launched the first Saudi fund dedicated to investment in dedicated artificial intelligence and deep technology projects worth $ 75 million, and Joa Capital launched the first infrastructure fund in partnership with ‘Buildnow Trading’ with a value of $ 80 million to meet the needs of the sector. The total investments that are expected to be announced during the conference activities in the field of artificial intelligence are a data center in ‘Neom’ at $ 5 billion. During the first day of the conference held in Riyadh, the announced amount of investments was about $ 4.5 billion, while during the second day it was announced that investments had a total value of approximately $ 7.5 billion, including the data voltage in conjunction with “NOM” for an investment of $ 5 billion to create the first data for artificial intelligence, Neom, is the Oxagon, to be a global destinage in advanced computer. Biggest agreement so far during the conference.