Today, Saudi Arabia launched in the capital Riyadh the fourth edition of the Technical Conference “Libype 2025” to attract qualitative investments and strategic partnerships with a total value exceeding 14.9 billion dollars, in infrastructure and artificial intelligence.
The Saudi Ministry of Communications and Information Technology said, in a statement on its website, that the first day of the “Lepe 2025” conference is witnessing qualitative launches, investments and strategic partnerships “that enhance the Kingdom’s leadership in artificial intelligence, advanced technologies and global digital economy.
The ministry stated that “Saudi Arabia attracted $ 14.9 billion in investments in the field of artificial intelligence, on the first day of the activities of the Leip Technical Conference 2025.”
She explained that “this includes qualitative investments of more than 10.9 billion dollars in infrastructure, artificial intelligence and tours of startups.”
The first day of the conference #Libyus 25 Witness ..
Specific release and investments and strategic partnerships that enhance the Kingdom’s leadership in artificial intelligence, advanced technologies and global digital economy. pic.twitter.com/mxzdha1wpq
– The Ministry of Communications and Information Technology (@MCitGovsa) February 9, 2025
Previous copy investments
According to the ministry’s website, the total value of the launch and investments that took place in the activities of the Leip conference in the past three versions was $ 29.3 billion.
While the value of the releases and investments for the previous version (2024) amounted to 13.4 billion dollars, according to the same source.
The fourth edition of the conference was launched on Sunday in an inspiration area, north of Riyadh, under the slogan “Towards new horizons”, according to the ministry.
The conference extends between 9 and 12 February, with more than a thousand international speakers and experts, 1,800 exhibitors, and about 680 startups.
