RIYADH: Saudi Basic Industries Corporation (SABIC) has signed a memorandum of understanding (MoU) with global technology company Lenovo on the sidelines of LEAP 2026 in Riyadh to explore strategic cooperation opportunities aimed at advancing innovation in the industrial sector.
The agreement establishes a framework for the two companies to identify areas of collaboration and leverage their combined expertise to support the development of advanced industries and innovative technological capabilities in the Kingdom and beyond, the Saudi Press Agency (SPA) reported on Wednesday.
Under the MoU, SABIC and Lenovo will explore opportunities to combine their capabilities in areas including industrial development, knowledge transfer and technological advancement.
The agreement reflects the companies’ shared commitment to supporting Saudi Arabia’s transformation into a global hub for innovation and advanced industries.
بحضور الدكتور فيصل بن محمد الفقير، الرئيس التنفيذي والعضو التنفيذي في مجلس الإدارة، وقعنا مذكرة تفاهم مع (شركة لينوفو العالمية) على هامش مؤتمر #ليب26 التقني، الذي أقيم في مدينة الرياض، لهدف استكشاف فرص للتعاون الاستراتيجي تمكّن تطوير صناعات متقدمة وقدرات تقنية مبتكرة في المملكة… pic.twitter.com/ZIEfLraXAF
— سابك (@SABIC_MEA) September 2, 2026
Lenovo has continued to expand its presence in the Kingdom following the opening of its regional headquarters in Riyadh earlier this year. The company also plans to establish research and development and manufacturing facilities in Saudi Arabia.
The planned investments are expected to strengthen local capabilities, promote knowledge transfer and research, and help develop Saudi talent in engineering, advanced manufacturing and emerging technologies.
World’s largest tech event opens in Saudi Arabia
LEAP 2026, the fifth edition of the world’s largest technology event, opened in Riyadh on Monday with more than $15 billion in investments, technology and strategic partnerships announced across artificial intelligence and advanced technologies, highlighting the Kingdom’s growing role as a global hub for innovation and digital infrastructure.
The event is being held in Riyadh under the theme “Into New Worlds,” bringing together leading figures from the technology and artificial intelligence (AI) sectors, along with investors and innovators from across the globe, the Saudi Press Agency (SPA) reported.
The initiative further strengthened Saudi Arabia’s position as a global hub for digital infrastructure, advanced computing and technology investment in the emerging intelligent era.
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The conference is organised by the Ministry of Communications and Information Technology, the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP), and Tahaluf, a joint venture between SAFCSP, global events company Informa, and the Events Investment Fund.
LEAP 2026 will run until September 3 at the Riyadh Exhibition and Convention Centre in Malham, featuring more than 1,000 speakers, 1,900 investors, 1,800 global technology brands, and 600 startups across 16 stages and more than 20 tracks exploring the future of AI, cloud computing, cybersecurity, smart cities, fintech, healthcare, space, gaming, and mobility.
