- Globant (GLOB, Financial) inaugurates its Middle East Regional HQ in Riyadh, marking a major geographic expansion.
- The company reports an impressive 84.4% YoY revenue growth in the Middle East & APAC for Q1-25.
- IT services spending in Saudi Arabia is projected to grow to $6.4 billion by 2027, with a 9.0% CAGR.
Globant (GLOB), a leader in digital transformation, has officially opened its Middle East Regional Headquarters in Riyadh, Saudi Arabia. This move, occurring less than three years after the company's initial entry into the region, signifies a significant milestone in its strategic geographic expansion plan.
The new hub will serve as a Center of Excellence for AI and digital solutions, reinforcing the company's commitment to leveraging local talent and fostering innovation. The headquarters also includes Globant's third global "Playground," an immersive space showcasing innovation in sports, AI, and customer engagement, continuing the success of previous installations in São Paulo and Los Angeles.
Globant reported substantial growth in the region, with a remarkable 84.4% increase in revenue year-over-year in the Middle East & APAC for the first quarter of 2025. This expansion aligns with positive market conditions, with IT spending in the MENA region projected to reach $230.7 billion in 2025, growing 7.4% annually. In Saudi Arabia, IT services spending is expected to escalate to $6.4 billion by 2027, achieving a 9.0% compound annual growth rate (CAGR).
The Riyadh headquarters aims to accelerate AI-driven innovation in key verticals such as Media and Entertainment, Travel and Leisure, Financial Services, and Gaming. Globant will also invest in developing local IT talent, providing training in AI skills to nurture the next generation of AI Architects and Engineers. This initiative underscores Globant's strategy to integrate best practices and export talent globally, aligning with Saudi Arabia's Vision 2030.
