{"id":3486,"date":"2024-03-04T17:54:57","date_gmt":"2024-03-04T13:54:57","guid":{"rendered":"https:\/\/ajmantimes.com\/?p=3486"},"modified":"2024-03-04T17:55:36","modified_gmt":"2024-03-04T13:55:36","slug":"leap24-to-showcase-11-9bn-in-tech-investment-deals-minister-says","status":"publish","type":"post","link":"https:\/\/ajmantimes.com\/leap24-to-showcase-11-9bn-in-tech-investment-deals-minister-says\/","title":{"rendered":"LEAP24 to showcase $11.9bn in tech investment deals, minister says"},"content":{"rendered":"\n

During the opening remarks at the annual event, Minister of Communications and Information Technology Abdulla Al-Swaha highlighted that investments in generative artificial intelligence acceleration and cloud infrastructure sectors are set to be key benefactors from the funding blitz.<\/p>\n\n\n\n

The minister told those at the Riyadh-based gathering, which runs from March 4 to 7 and is the third edition of the event, that the Kingdom\u2019s digital economy is \u201cthe most bold and audacious success story of the 21st century.\u201d<\/p>\n\n\n\n

He added: \u201cWhen it comes to resilience, while the whole world was facing headwinds when it comes to VC (venture capital) funding with negative 30 to 40 percent,\u00a0the Kingdom, under His Royal Highness leadership, we adjusted the sail\u00a0and changed the headwinds into tailwinds and we grew by 33 percent.\u201d<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

RIYADH: Saudi Arabia\u2019s international technology conference LEAP is set to witness $11.9 billion of investment deals over its three-day duration\u2014 eclipsing last year\u2019s figure of $9 billion, according to a senior minister. During the opening remarks at the annual event, Minister of Communications and Information Technology Abdulla Al-Swaha highlighted that investments in generative artificial intelligence acceleration and<\/p>\n","protected":false},"author":1,"featured_media":3487,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-3486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/ajmantimes.com\/wp-json\/wp\/v2\/posts\/3486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ajmantimes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ajmantimes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ajmantimes.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ajmantimes.com\/wp-json\/wp\/v2\/comments?post=3486"}],"version-history":[{"count":1,"href":"https:\/\/ajmantimes.com\/wp-json\/wp\/v2\/posts\/3486\/revisions"}],"predecessor-version":[{"id":3488,"href":"https:\/\/ajmantimes.com\/wp-json\/wp\/v2\/posts\/3486\/revisions\/3488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ajmantimes.com\/wp-json\/wp\/v2\/media\/3487"}],"wp:attachment":[{"href":"https:\/\/ajmantimes.com\/wp-json\/wp\/v2\/media?parent=3486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ajmantimes.com\/wp-json\/wp\/v2\/categories?post=3486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ajmantimes.com\/wp-json\/wp\/v2\/tags?post=3486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}