{"id":85407,"date":"2026-10-10T08:49:35","date_gmt":"2026-10-10T05:49:35","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/saudi-ict-deals-october-2026\/"},"modified":"2026-10-10T08:50:08","modified_gmt":"2026-10-10T05:50:08","slug":"saudi-ict-deals-october-2026","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/saudi-ict-deals-october-2026\/","title":{"rendered":"Saudi ICT Deals and Policy Roundup for Week 41 of 2026"},"content":{"rendered":"<p class=\"wp-block-paragraph\">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.<\/p><h2 class=\"wp-block-heading\">Funding and Investment in Saudi ICT Deals<\/h2><p class=\"wp-block-paragraph\">Startup funding in Saudi Arabia reached approximately $1.7 billion, reflecting steady growth in the Kingdom&#8217;s digital market and technology investment, according to <a href=\"https:\/\/entarabi.com\/2026\/10\/%D8%AA%D9%85%D9%88%D9%8A%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D9%86%D8%A7%D8%B4%D8%A6%D8%A9-%D8%AA%D9%82%D8%AA%D8%B1%D8%A8-%D9%85%D9%86-1-7-%D9%85%D9%84%D9%8A\/\" target=\"_blank\" rel=\"noopener\">entARABI<\/a>.<\/p><p class=\"wp-block-paragraph\">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 <a href=\"http:\/\/wamda.com\/2026\/09\/saudi-proptech-rize-secures-50-million-facility-jadwa-investment\" target=\"_blank\" rel=\"noopener\">Wamda<\/a>.<\/p><p class=\"wp-block-paragraph\">Meanwhile, Saudi <a href=\"\/category\/economy\/\">fintech<\/a> 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 <a href=\"http:\/\/wamda.com\/2026\/09\/saudi-fintech-erad-raises-22-million-series-led-mevp\" target=\"_blank\" rel=\"noopener\">Wamda<\/a>.<\/p><p class=\"wp-block-paragraph\">Saudi Arabia-based procurement technology startup Project Suppliers secured $1 million in pre-seed funding from undisclosed investors, noted <a href=\"http:\/\/wamda.com\/2026\/10\/saudi-project-suppliers-raises-1-million-pre-seed\" target=\"_blank\" rel=\"noopener\">Wamda<\/a>.<\/p><h2 class=\"wp-block-heading\">Deals and Enterprise Contracts<\/h2><p class=\"wp-block-paragraph\">Al-Moammar secured a 458 million dollar data centre project from HUMAIN, reflecting sustained expansion in digital infrastructure, as reported by <a href=\"https:\/\/twaslnews1.twaslnews.com\/5599971\/\" target=\"_blank\" rel=\"noopener\">\u0634\u0628\u0643\u0629 \u062a\u0648\u0627\u0635\u0644 \u0627\u0644\u0625\u062e\u0628\u0627\u0631\u064a\u0629<\/a>.<\/p><p class=\"wp-block-paragraph\">In Riyadh, HUMAIN and Sterling &#038; Wilson secured a $200 million contract to construct an <a href=\"\/category\/ai\/\">AI<\/a> data centre, documented by <a href=\"https:\/\/constructionreviewonline.com\/humain-center3-ai-data-centre-hassan-allam-and-sterling-wilson-win-200m-riyadh-contract\/\" target=\"_blank\" rel=\"noopener\">Construction Review<\/a>.<\/p><p class=\"wp-block-paragraph\">Grocery retailer Panda partnered with Spike and GoWit to strengthen its e-commerce and digital advertising strategy in Saudi Arabia, as highlighted by <a href=\"https:\/\/retailtechinnovationhub.com\/home\/2026\/10\/7\/grocery-retailer-panda-teams-with-spike-and-gowit-to-power-e-commerce-media-push-in-saudi-arabia\" target=\"_blank\" rel=\"noopener\">Retail Technology Innovation Hub<\/a>.<\/p><p class=\"wp-block-paragraph\">Aramco partnered with OrbitronAI to deploy industrial AI technologies across the Saudi industrial sector, as announced via <a href=\"https:\/\/www.prnewswire.com\/news-releases\/industrial-ai-saudi-scale-orbitronai-and-aramco-digital-partner-to-unlock-billions-302901510.html\" target=\"_blank\" rel=\"noopener\">PR Newswire<\/a>.<\/p><p class=\"wp-block-paragraph\">Additionally, MIS signed a memorandum of understanding with Saudi French Capital to study the development of three data centres in the Kingdom, reported by <a href=\"https:\/\/www.argaam.com\/ar\/article\/articledetail\/id\/1922046\" target=\"_blank\" rel=\"noopener\">\u0627\u0631\u0642\u0627\u0645 : \u0627\u062e\u0628\u0627\u0631 \u0648\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0633\u0648\u0642 \u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u0633\u0639\u0648\u062f\u064a &#8211; \u062a\u0627\u0633\u064a<\/a>.<\/p><h2 class=\"wp-block-heading\">Policy and Energy Allocation<\/h2><p class=\"wp-block-paragraph\">Saudi Arabia allocated 14 GW of power capacity specifically for AI infrastructure to support specialized facilities, according to details published by <a href=\"https:\/\/english.aawsat.com\/business\/5324204-humain-saudi-arabia-allocates-14-gw-ai-factories\" target=\"_blank\" rel=\"noopener\">ASHARQ AL-AWSAT English<\/a>. This state allocation provides essential support for ongoing Saudi ICT deals targeting computing expansion.<\/p><h2 class=\"wp-block-heading\">New Commercial Launches<\/h2><p class=\"wp-block-paragraph\">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 <a href=\"http:\/\/wamda.com\/2026\/09\/lendo-quantic-launch-200-million-sme-financing-programme-saudi-arabia\" target=\"_blank\" rel=\"noopener\">Wamda<\/a>.<\/p><p class=\"wp-block-paragraph\">Saudi Arabia launched Exobot, an electric vehicle delivering 1,111 horsepower developed with Foxconn and BMW technology, reported <a href=\"https:\/\/finance.biggo.com\/news\/b87e86bb-77fb-41e2-8edf-98926746059f\" target=\"_blank\" rel=\"noopener\">finance.biggo.com<\/a>, expanding domestic <a href=\"\/category\/automotive\/\">automotive<\/a> capabilities.<\/p><p class=\"wp-block-paragraph\">In regional connectivity, Mobily launched a 140 Tbps submarine cable through the Red Sea connecting Saudi Arabia and Egypt to expand <a href=\"\/category\/telecom\/\">telecom<\/a> links, according to <a href=\"https:\/\/retailnews.asia\/mobily-to-add-140-tbps-red-sea-cable-between-saudi-arabia-and-egypt\" target=\"_blank\" rel=\"noopener\">Retail News Asia<\/a>.<\/p><p class=\"wp-block-paragraph\">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 <a href=\"https:\/\/www.spa.gov.sa\/ar\/N2691861\" target=\"_blank\" rel=\"noopener\">SPA (Arabic)<\/a>. Such software advancements complement current Saudi ICT deals by expanding localized machine learning tools.<\/p>","protected":false},"excerpt":{"rendered":"<p>A weekly overview of Saudi tech investments, enterprise data centre awards, EV developments, and connectivity initiatives for October 2026.<\/p>\n","protected":false},"author":2,"featured_media":85406,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"{\"x_hook\":\"Saudi Arabia startup funding reached $1.7B as the Kingdom allocated 14 GW of energy capacity to AI infrastructure in Week 41 of 2026.\",\"x_takeaways\":\"Key Details:\\n\ud83d\udd39 Startup funding in Saudi Arabia reached approximately $1.7B\\n\ud83d\udd39 HUMAIN awarded Al-Moammar a $458M data centre deal\\n\ud83d\udd39 Lendo and Quantic launched a SAR 750M SME financing programme\\n\ud83d\udd39 Saudi Arabia allocated 14 GW of power for AI infrastructure\\n\ud83d\udd39 Mobily launched a 140 Tbps Red Sea subsea cable to Egypt\"}","_yoast_wpseo_opengraph_title":"Saudi ICT Deals and Policy Roundup for Week 41 of 2026","_yoast_wpseo_opengraph_description":"Explore the latest developments in Saudi technology funding, data centre contracts, EV launches, and telecom infrastructure.","_yoast_wpseo_opengraph_image":"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2026\/10\/saudi-ict-deals-data-center.webp","_yoast_wpseo_opengraph_image_id":85406,"_yoast_wpseo_twitter_title":"Saudi ICT Deals - Weekly Tech Overview","_yoast_wpseo_twitter_description":"Summary of Saudi Arabia's tech investments, data center deals, and infrastructure announcements for week 41 of 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