Over $9bn investments announced to support future technologies

Riyadh: The LEAP 23 Conference, which began in Saudi Arabia today, announced more than $9bn investments to support future technologies, digital entrepreneurship, and tech startups.

According to Saudi Press Agency, the investments were announced by Microsoft with a $2.1bn investment in a hyperscale cloud in the Kingdom, Oracle with $1.5bn invested to expand its business by launching a new cloud areas in the Kingdom, HUAWEI with a $400m investment in cloud area for its services in the Kingdom, and the launch of a Zoom cloud area in the Kingdom in partnership with Aramco.