The Indian cloud business company Zoho Corporation is investing $133 million, or half a billion Saudi riyals in the region towards partnerships with government entities, digital infrastructure development and other initiatives.
The company stated that this step is a contribution towards Saudi Vision 2030. The company has opened its first two Middle East Data Centres in Saudi Arabia in Riyadh and Jeddah. The Chennai-based company offers cloud-based business applications, and has tech brands like Zoho.com, TrainerCentral, ManageEngine, and Qntrl.
The company’s ManageEngine helps manage and optimise over 2000 Saudi organisations’ IT infrastructure. It has also partnered with Monsha’at the SME authority of Saudi Arabia.
By leveraging its abundant resources, political will, and strategic partnerships, Saudi Arabia is laying the groundwork for a future powered by AI-driven innovation, one that transcends traditional economic paradigms and embraces the limitless possibilities of technological advancement.
Beyond economic imperatives, Saudi Arabia’s emergence as a global AI hub represents a paradigm shift in regional dynamics, challenging traditional perceptions of technological leadership and innovation.
While the UAE has long been hailed as the Middle East’s tech hub, Saudi Arabia’s ambitious initiatives and strategic investments signal a tectonic shift in the region’s technological landscape, positioning the Kingdom as a formidable contender on the global stage.
