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IBM (NYSE: IBM) has announced the opening of its regional headquarters in Riyadh, Saudi Arabia’s capital city. The establishment of the regional headquarters is part of IBM’s commitment to supporting the country’s digital transformation efforts and expanding its presence in Saudi Arabia. Since entering the country in 1947, IBM has collaborated with the government and enterprise sectors on various projects and invested in talent development to support Saudi Arabia’s growth agenda.
The regional headquarters license was presented to IBM executives by the Ministry of Investment on November 30, 2023. The event was attended by dignitaries and government officials, including Saudi Arabia’s Minister of Investment, Khalid Al-Falih, and IBM’s Chairman and CEO, Arvind Krishna.
Minister Al-Falih expressed his appreciation for IBM’s decision to establish its regional headquarters in Riyadh, highlighting the country’s success in creating a favorable business environment and information and communication technology infrastructure. He emphasized that such investments are crucial for promoting innovation and strengthening Saudi Arabia’s position as a global leader in digital transformation.
Arvind Krishna, Chairman and CEO of IBM, reiterated the company’s commitment to the Kingdom during the inauguration of the regional headquarters. He emphasized the role of hybrid cloud and AI technologies in addressing challenges and helping clients reshape their business models. Krishna stated that IBM aims to enhance productivity and drive innovation for clients in Saudi Arabia and worldwide.
IBM’s regional headquarters in Riyadh will further strengthen its efforts to support Saudi Arabia’s technology landscape. The company has been collaborating with government entities, businesses, and local talent to enhance the country’s digital infrastructure and support skill development. With the expansion of its presence in Saudi Arabia and the wider region, IBM aims to stimulate transformation and innovation.
About IBM:
IBM is a global leader in hybrid cloud, AI, and consulting, serving clients in over 175 countries. The company helps organizations capitalize on data insights, streamline processes, reduce costs, and gain a competitive edge. IBM’s hybrid cloud platform and Red Hat OpenShift are trusted by government and corporate entities in critical sectors for their digital transformation needs. IBM’s innovations in AI, quantum computing, industry-specific cloud solutions, and consulting empower clients with flexible options. For more information, visit www.ibm.com.
About the Ministry of Investment:
The Ministry of Investment of Saudi Arabia (MISA) is facilitating access to investment opportunities in line with the Vision 2030 economic development plan. MISA develops a cross-government investment ecosystem through the National Investment Strategy to attract businesses of all sizes. By providing investment data, creating incentives, leading business reforms, and opening up opportunities, MISA simplifies the investment process and improves the country’s business environment. For more information on MISA, please visit the website or connect on Twitter @MISA and LinkedIn.
About Invest Saudi:
Invest Saudi, overseen by the Ministry of Investment (MISA), is Saudi Arabia’s investment attraction and promotion entity. It acts as the primary contact point for foreign investors seeking information and assistance throughout their investment journey in Saudi Arabia. Invest Saudi works in partnership with investors to ensure a seamless experience. For more information on Invest Saudi, please visit the website or connect on Twitter and LinkedIn.
