Saudi fires up Gulf AI race with $15 billion tech deals at LEAP
- Posted on September 2, 2026
- By Fortune
- 1 Views
- 1 min read
Saudi Arabia intensifies its position in the Middle Eastern artificial intelligence sector through substantial investment initiatives unveiled at the LEAP technology conference. The kingdom committed approximately $15 billion toward groundbreaking AI and technology partnerships, signaling its strategic ambition to establish regional tech leadership. This significant capital deployment reflects Saudi Arabia's broader digital transformation agenda and efforts to diversify its economy beyond oil dependency, positioning the Gulf region as a competitive hub for technological innovation and artificial intelligence advancement.
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