CXO Insight Middle East - February 2022

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Earlier this month, I’d the opportunity to travel to Saudi Arabia to attend LEAP. For a debut event, I was impressed by the scale, participation, quality of speakers, and of course, the number of visitors. LEAP has cemented Saudi’s position as the largest digital economy in the MENA region and was a testament to the country’s accelerating digital revolution. The event witnessed some major announcements, including a $6.4 billion investment in future technologies and entrepreneurship by the Saudi minister for communications and information technology. This includes Aramco Venture’s $1 billion Prosperity7 fund, NEOM’s first cognitive metaverse, and the incumbent telecom operator stc’s $1 billion investment to boost regional connectivity and infrastructure to support Saudi’s rapidly expanding and cloud sector.