Globant, a digitally native company focused on reinventing businesses through innovative technology, inaugurated on Monday its Middle East Regional headquarters in Riyadh, less than three years after it first landed in the region.
Globant, which is listed on the New York Stock Exchange (NYSE), said in a statement that the digital transformation market in the Middle East is experiencing substantial development.
According to a Gartner report, IT spending in the MENA region is set to grow 7.4% to reach $230.7 billion in 2025.
In Saudi Arabia in particular, IDC projects that IT services spending is set to grow at a compound annual growth rate (CAGR) of 9.0% between 2022 and 2027, reaching $6.4 billion.
“Through the opening of our new Middle East headquarters in Riyadh, we have the honor of applying our talent to be a part of Saudi Arabia's reinvention story as well,” said Martín Migoya, Co-founder and CEO of Globant.
He said: “Since our first executive visit less than three years ago, we’ve seen first-hand the promise of the Kingdom’s vibrant and young talent and how it can be the engine for growth in its new and innovative economy.”
In order to seamlessly offer AI-first solutions as, for example, models where experts supervise agentic workflows, Globant said it will train talented local IT professionals with best-in-class AI courses to support their development as AI Architects and AI Engineers.
“Today, we have taken a step forward in our journey to drive change and foster a future where technology and human progress go hand in hand,” said Mamdouh Aldoubayan, Managing Director for MENA at Globant.
He added: “Riyadh's vibrant tech ecosystem presents an unparalleled opportunity for us to showcase our leadership in driving digital transformation and contributing to the Kingdom's Vision 2030, fostering local talent, and building enduring partnerships.”
