Saudi Arabia Expands Data Centers with $4.26 Billion Investment
Saudi Arabia has increased its data centers sixfold since launching Vision 2030, committing $4.26 billion to bolster its technology sector. The country aims to establish itself as a regional technology hub amidst rising demand for cloud computing and AI services.
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Saudi Arabia currently operates over 60 data centers developed by more than 20 companies, with market revenues projected to reach $2.83 billion by 2030 at a 6.45% annual growth rate. The government plans to develop 1.8 gigawatts of data center capacity by 2030 and 100 gigawatts of AI computing capacity by 2026.
Recent investments have surged, with a 56% increase in government spending for 2024 and $9.1 billion in funding for AI companies. The nation aims to strengthen its global position in AI, housing the UNESCO-supported International Center for Research and Ethics in AI.
Saudi Aramco also plans to establish its first large-scale data center to support its digital transformation strategy. These developments are critical for positioning Saudi Arabia in the future digital economy.
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