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  2. Al-Swaha: LEAP 2026 expected to witness over $15bn in investments

Al-Swaha: LEAP 2026 expected to witness over $15bn in investments

GHADA.ISMAIL
Aug 31, 2026
The Kingdom's flagship tech conference opens with promises of major AI investment news

Riyadh – Sharikat Mubasher: LEAP tech conference kicked off its 2026 edition today, with Abdullah Al-Swaha, Minister of Communications and Information Technology, announcing that this year's event would deliver "massive announcements" across the artificial intelligence and technology sectors.

Al-Swaha also indicated that LEAP 2026 would see investment commitments exceeding $15 billion, underscoring the Kingdom's continued push to position itself as a global AI and tech investment hub.

The main stage agenda for Day One, themed "Building the Age of AI, Smart Networks, and Investing in the Future," opened with the minister's keynote, followed by special announcements from HUMAIN under CEO Tareq Amin.

The fifth edition of LEAP 2026 runs from 31 August to 3 September at the Riyadh Exhibition and Convention Center in Malham, north of Riyadh.

The event is expected to attract more than 1,000 global speakers and experts, 1,800 technology companies, 600 startups and 1,900 investors and venture capital representatives, highlighting Saudi Arabia’s growing role as a hub for technology and innovation.

The Conference is organized by the Ministry of Communications and Information Technology, the Saudi Federation for Cybersecurity, Programming and Drones, and Tahaluf, backed by Informa and the Events Investment Fund.

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Al-Swaha: LEAP 2026 expected to witness over $15bn in investments
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HUMAIN, AMD unveil ‘AI in a Box’ in Saudi Arabia
Riyadh - Sharikat Mubasher: AMD and PIF-owned AI company HUMAIN launched a new “AI in a Box” solution to help enterprises across Saudi Arabia deploy artificial intelligence more easily.As per a recent press release, the turnkey solution is designed for entry-level AI use cases across industries including oil and gas, financial services, and manufacturing. Built by HUMAIN, it leverages AMD Instinct GPUs and energy-efficient AMD EPYC CPUs to enable organizations to deploy AI, test new applications, and expand access to AI tools among employees.Lisa Su, AMD chair and CEO, said the collaboration with HUMAIN aims to make high-performance computing more accessible to businesses of different sizes, supporting innovation and growth in the AI era.Meanwhile, Tareq Amin, HUMAIN CEO, said the solution is designed to help enterprises begin with individual AI workloads, demonstrate their value, and scale toward larger deployments without initially requiring hyperscale infrastructure.This stride builds on AMD and HUMAIN’s strategic collaboration, which includes plans to invest up to $10 billion in AI infrastructure initiatives. A joint venture involving AMD, HUMAIN and Cisco also plans to deploy up to 1 gigawatt of AI infrastructure in Saudi Arabia by 2030.
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