SPA – Riyadh:
The LEAP22 conference, hosted by Riyadh, raised more than $6.4 billion to support future technologies and technology entrepreneurship and enhance the kingdom’s status as the largest digital economy in the Middle East and North Africa, during the inaugural day of LEAP International Technology. Investment announced. The conference, which is taking place in Riyadh until February 3. The conference is organized with the support of the Kingdom’s leadership and in accordance with the instructions of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Chairman of the Economic and Development Affairs Council – may God protect him – Vision Supporting the Kingdom’s digital economy to achieve the 2030 goals.
Investments and initiatives include the launch of Aramco Ventures’ Prosperity 7 investment fund of $1 billion, in addition to a $1 billion investment by NEOM Digital Technology Holding Company, as part of its massive investment on supporting future technologies. is focused. NEOM announced the launch of the world’s first cognitive virtual reality technology, Metaverse XVRS, which will provide services to residents and visitors of this massive and smart project. The company will also launch the M3LD data management platform, a platform for managing personal data, which will give users the ability to re-control their data.
The Minister of Communications and Information Technology, Enzi Abdullah bin Amer Al-Sawaha, stressed that these investments and initiatives symbolize the Kingdom’s continued efforts to advance the development of the digital economy. To achieve benefits and progress for the whole world, and to increase prosperity in the Middle East and North Africa region, as these investments are the next phase of the Kingdom’s expansion as the largest technology and digital market in the Middle East and North Africa region. represent. ,
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