Photo: KAFD
Recent Saudi ICT deals recorded significant activity during week 41 of 2026 across early-stage investments, corporate infrastructure agreements, and state initiatives. New capital flowed into emerging technology firms alongside major commitments to regional communications and enterprise hardware.
Funding and Investment in Saudi ICT Deals
Startup funding in Saudi Arabia reached approximately $1.7 billion, reflecting steady growth in the Kingdom’s digital market and technology investment, according to entARABI.
Saudi proptech Rize secured a SAR 187.5 million asset-backed Murabaha facility from Jadwa Investment to finance its portfolio of residential rental contracts, as reported by Wamda.
Meanwhile, Saudi fintech firm erad completed a $22 million Series A funding round led by MEVP, with participation from 500 Global, Saudi Venture Capital, S60 Ventures, and ANB Capital, according to Wamda.
Saudi Arabia-based procurement technology startup Project Suppliers secured $1 million in pre-seed funding from undisclosed investors, noted Wamda.
Deals and Enterprise Contracts
Al-Moammar secured a 458 million dollar data centre project from HUMAIN, reflecting sustained expansion in digital infrastructure, as reported by شبكة تواصل الإخبارية.
In Riyadh, HUMAIN and Sterling & Wilson secured a $200 million contract to construct an AI data centre, documented by Construction Review.
Grocery retailer Panda partnered with Spike and GoWit to strengthen its e-commerce and digital advertising strategy in Saudi Arabia, as highlighted by Retail Technology Innovation Hub.
Aramco partnered with OrbitronAI to deploy industrial AI technologies across the Saudi industrial sector, as announced via PR Newswire.
Additionally, MIS signed a memorandum of understanding with Saudi French Capital to study the development of three data centres in the Kingdom, reported by ارقام : اخبار ومعلومات سوق الأسهم السعودي – تاسي.
Policy and Energy Allocation
Saudi Arabia allocated 14 GW of power capacity specifically for AI infrastructure to support specialized facilities, according to details published by ASHARQ AL-AWSAT English. This state allocation provides essential support for ongoing Saudi ICT deals targeting computing expansion.
New Commercial Launches
Saudi fintech company Lendo collaborated with Austria-based Quantic Financial Solutions to launch a SAR 750 million SME financing programme in Saudi Arabia, as covered by Wamda.
Saudi Arabia launched Exobot, an electric vehicle delivering 1,111 horsepower developed with Foxconn and BMW technology, reported finance.biggo.com, expanding domestic automotive capabilities.
In regional connectivity, Mobily launched a 140 Tbps submarine cable through the Red Sea connecting Saudi Arabia and Egypt to expand telecom links, according to Retail News Asia.
Furthermore, NVIDIA integrated the Saudi dialect into its Nemotron 3.5 ASR speech recognition model, reducing error rates from 55% to 30%, as reported by SPA (Arabic). Such software advancements complement current Saudi ICT deals by expanding localized machine learning tools.
