Zoom to invest $75 million in Saudi Arabia for AI data centers
Saudi telecom Mobily said it will lay down submarine cables in the Red Sea to improve cross-border connectivity with Africa
Zoom CEO Eric Yuan speaks at last year's Concordia Annual Summit in New York (Getty Images)
Video conferencing platform Zoom is building up its presence in Saudi Arabia.
The company announced today at the LEAP25 conference in Riyadh that it will invest $75 million in the kingdom on projects connected to artificial intelligence and AI data centers.
Mobily, the Saudi telecom, said it will invest more than $900 million to develop centers and lay down submarine cables to improve cross-border connectivity.
Mobily CEO Salman bin Abdulaziz Al-Badran said the cables would link the Gulf with Africa under the Red Sea and strengthen digital infrastructure across the MENA region.