Today
Tadawul main index closed Monday at 11,127.08, down 0.28 percent, with turnover of SR10.26 billionLEAP 2026 logged more than $15 billion in announced technology investments on its opening dayMicrosoft’s Saudi cloud region opens in November; Amazon’s follows in December with $5.3 billion plannedSaudi bank assets reached SR5.75 trillion in July, up 6.71 percent in a yearArabian Drilling signed a five-year SR3 billion gas drilling contract with SLB covering 11 land rigsAdobe will make its AI creative tools free for 12 months to more than 27 million people in the KingdomTadawul main index closed Monday at 11,127.08, down 0.28 percent, with turnover of SR10.26 billionLEAP 2026 logged more than $15 billion in announced technology investments on its opening dayMicrosoft’s Saudi cloud region opens in November; Amazon’s follows in December with $5.3 billion plannedSaudi bank assets reached SR5.75 trillion in July, up 6.71 percent in a yearArabian Drilling signed a five-year SR3 billion gas drilling contract with SLB covering 11 land rigsAdobe will make its AI creative tools free for 12 months to more than 27 million people in the Kingdom
Policy · Technology

The Delivery Dates

LEAP’s first day closed with more than $15 billion in announced technology investments and something scarcer: dates. Microsoft’s Saudi cloud region opens in November, Amazon’s in December. The Kingdom’s AI buildout now has a schedule it can be measured against.

Rows of servers in a data center
◆ TechnologyPhoto: Carl Lender · CC BY 2.0 · Wikimedia
The Ledger · 1 Sep
$15BN+
Technology Investments and Commitments Announced on LEAP 2026’s Opening Day in Riyadh, by the Organizers’ Count
SR5.75TN
Total Assets of the Saudi Banking System in July, Up 6.71 Percent in a Year, per Central Bank Data
11
Land Rigs Locked Into a Five-Year, SR3 Billion Gas Drilling Contract Between Arabian Drilling and SLB
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Official Statements
On the Record
All statements
TA
Tareq Amin
Chief Executive Officer · HUMAIN
"No company delivers something at this scale on its own. What you are seeing is a country rallied around a mission."
Speaking at LEAP 2026 in Riyadh as the Public Investment Fund’s AI company announced that the first tranche of a planned gigawatt of AI infrastructure with AMD and Cisco is in production, a collaboration with Applied Intuition to bring autonomous trucks to Saudi roads, and M3, an Arabic language model trained on more than a trillion Arabic tokens.
AS
Abdullah Al-Swaha
Minister of Communications and Information Technology
Saudi Arabia is advancing "with a clear ambition to lead the AI era, supported by a growing digital economy, advanced infrastructure, national talent, and an investment ecosystem capable of transforming innovations into Saudi products and companies that compete in global markets."
Speaking at the government press conference opening LEAP 2026 in Riyadh, the minister said the Kingdom’s telecommunications access gap has narrowed from 50 percent to 1 percent and the service quality gap from 15 percent to 5 percent, and that more than 3,000 locally manufactured servers have been exported to neighbouring countries. The conference’s fifth edition runs through September 3.
DA
Deemah Al-Yahya
Secretary-General · Digital Cooperation Organization
Countries are joining for a practical reason: "The rules of the digital economy on data, artificial intelligence and cross-border trade are being written now."
The Riyadh-based Digital Cooperation Organization approved Albania, Azerbaijan, Kazakhstan, Kenya, Lebanon, Palestine, Syria and Zambia for full membership, with Tajikistan as an associate member. Once accession formalities are complete the organization will span 24 member states and roughly 980 million people, about 12 percent of the world’s population, its first reach into Central Asia, the Caucasus and the Western Balkans.
KingdomWire Analysis Desk
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Banking · Strategy

Every additional headquarters changes the decision facing the firms that have not moved yet. Saudi Arabia never needed every multinational to relocate at once.

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Influence is measured by something less visible than summits and statements: who is willing to answer the phone when circumstances become difficult.