In a move that highlights the growing appeal of the Saudi market to global technology companies, the American firm Rackspace Technology, listed on Nasdaq under the ticker "RXT," announced the opening of its new regional headquarters in the capital, Riyadh. This aims to strengthen its presence within the Kingdom and accelerate its expansion in cloud computing services and artificial intelligence technologies.
The new headquarters will serve as a central hub for the company's operations in the Middle East. It will manage regional activities and enhance communication with clients, with a special focus on supporting government entities, the business sector, and regulated industries in their digital transformation journeys, aligning perfectly with the goals of "Saudi Vision 2030."
The Riyadh office will be led by Shakeel Mohammad, Vice President for the Middle East at Rackspace Technology. He will drive the adoption of enterprise cloud computing solutions across GCC countries, develop sovereign cloud capabilities tailored for regulated sectors, and support AI initiatives linked to national digital development plans.
Shakeel Mohammad emphasized that Saudi Arabia represents a strategic cornerstone in the company's regional plans. He noted that opening the Riyadh headquarters reflects a long-term commitment to the Saudi market and its ambitions to build an advanced digital economy.
He added that the company aims to enhance its role in supporting the rapid digital transformation within the Kingdom, especially given the significant growth in investments directed towards cloud computing, digital infrastructure, and artificial intelligence technologies.
Marco Tesseini, Senior Vice President for International Affairs at Rackspace Technology, explained that Saudi Arabia is one of the leading global markets in technology and innovation. He pointed out that the expansion in Riyadh boosts the company's ability to help organizations securely modernize their operations at scale.
Cloud Computing Areas
He indicated that the local presence will enable the company to offer more advanced solutions in cloud computing, artificial intelligence, and data analytics. This will contribute to accelerating innovation, improving operational efficiency, and supporting economic growth in the region.
He also highlighted that this expansion will bring the company closer to its clients and partners in GCC countries, allowing for services that are more aligned with local needs, faster response times, and enhanced regional cooperation and investment in talent and strategic partnerships.
Saudi Arabia continues to solidify its position as one of the fastest-growing digital economies globally, driven by extensive investments in cloud computing, artificial intelligence, and modern digital infrastructure. This makes it a prime destination for global tech companies looking to expand in the region.
Rackspace Technology is a global company specializing in providing digital infrastructure solutions and AI services for enterprises. Its services include private cloud computing, generative AI solutions, and intelligent operations technologies for highly complex environments.
The company also relies on a "results-as-a-service" model, built on secure infrastructure and advanced data platforms, to meet the needs of vital sectors that require high levels of governance, sovereignty, and operational continuity, particularly in government, regulated, and sensitive sectors.
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