Sources: Saudi AI company Humain is planning to raise an initial $2.5B fund to help finance data center capacity of 250 MW in Saudi Arabia (Omar El Chmouri/Bloomberg)
Artificial intelligence firm Humain is planning to raise an initial $2.5 billion from global and domestic investors for a fund to invest in data centers …
Saudi Arabia is experiencing a surge in technology investments, presenting ample opportunities for global firms in sectors such as artificial intelligence, cloud computing, digital infrastructure, data centers, and workplace technologies. International and regional companies are strengthening their local presence and forging partnerships to capitalize on the growing demand for advanced digital solutions supporting Saudi Vision 2030.
Khaled Al-Mannai, Deputy Chairman of Al Mannai Information Technology, highlighted the Kingdom's development momentum and associated mega-projects, creating significant opportunities for technology companies with specialized expertise. The company, with nearly 50 years of IT experience, seeks to contribute to Saudi Arabia's digital transformation journey by leveraging its extensive expertise in government, finance, and private sector institutions.
Mohamed Saadeh, Regional Director at IFS in Saudi Arabia, emphasized the importance of integrating various elements for successful digital transformation, including specialized applications and robust cloud infrastructure. IFS provides tailored enterprise solutions for industries such as infrastructure, electricity, oil, and gas, and aims to establish a permanent presence in the Kingdom as part of its commitment to Vision 2030.
Logitech, a global provider of collaborative work technologies, is actively supporting Saudi Arabia's digital transformation by offering AI-driven solutions for various sectors, including education, financial services, healthcare, and government entities. The company's solutions cater to the growing trend of hybrid and remote work models, focusing on integration, security, and ease of use.
In the data center sector, Submer, a global provider of data center infrastructure services, emphasizes the importance of local partnerships for growth in Saudi Arabia and the region. The company collaborates with ACES to combine global expertise with local experience in construction, IT systems integration, and technical services. Submer's regional headquarters in Saudi Arabia and its engineering and consulting services center in the Kingdom position the company for future expansion into the UAE and North African markets.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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