Riyadh, Saudi Arabia–- Investments, launches and announcements valued at more than $9 billion were made at the 2nd edition of the International Technology Conference, LEAP23, which concluded Thursday.
A record 300,000 people from more than 100 countries visited the event, making it the largest global gathering for technology and digitization developments in terms of turnout. LEAP’s organizers announced that next year’s edition will be held from March 4-7. About 1000 international investors were hosted this year.
Next year’s expanded edition of LEAP will be organized with the support of the Ministry of Communications and Information Technology, Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP) and Tahaluf, the joint strategic venture co-owned by Informa PLC and (SAFCSP) to “contribute to enhancing the Kingdom’s pioneering status as the largest digital economy” in the MENA region, SPA reported.
The 2023 edition was designed by large investment groups, sovereign funds and private family groups in addition to capital investors and private stake funds which focus on technology and run investments worth of $2 trillion.
Among the major announcements made this year were the mega economic ventures in the Kingdom’s infrastructure and new data centers besides a number of partnerships between the public and private sectors exceeding in value more than $1 billion as well as the launch of new academies to improve local talents.