Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Saudi Arabia is shifting Vision 2030 priorities toward technology, AI, and tourism, emphasizing productivity and private sector growth over mega projects. Non-oil GDP now represents 56% of the economy as the Kingdom targets 150 million visitors and deeper digital transformation.
NEOM and DataVolt have signed a $5 billion agreement to build sustainable data centers in Saudi Arabia. The first phase of the project, set to be operational by 2028, will focus on using renewable energy and advanced cooling technologies to create a net-zero, green AI factory addressing global data center challenges.
Edarat Communication and Information Technology Company has secured a SAR8.62 million ($2.3 million) contract with NEOM for cloud services, including IaaS and PaaS. This contract extends an existing agreement and is expected to impact the company’s financial statements in Q4 2024.