Riyadh – Sharikat Mubasher: Expleo, a global leader in engineering, technology, and consulting services, officially launched a new subsidiary in the Kingdom of Saudi Arabia, namely, Expleo Solutions Arabia Ltd.
The new entity, part of Expleo Solutions Ltd., marks a strategic step in the company’s commitment to advancing Saudi Arabia’s digital transformation journey, as per an official press release.
As the Kingdom pushes forward with its Vision 2030 agenda, it is quickly establishing itself as a digital powerhouse in the Middle East. HSBC estimates the value of Saudi Arabia’s digital economy at USD 122.6 billion as of February 2024, making it the fastest-growing ICT market in the MENA region. This rapid growth is fueling demand for cutting-edge skills in areas such as artificial intelligence, data science, software engineering, and cybersecurity.
Headquartered in Riyadh, Expleo Solutions Arabia Ltd. will serve as a regional hub, giving Saudi businesses direct access to Expleo’s global network of 18,000 experts. The company will offer services in technology, engineering, and consulting, with many team members proficient in Arabic. It will support organizations across sectors, including banking, financial services and insurance (BFSI), automotive, defense, and energy, helping them adopt advanced digital technologies like AI, cloud computing, and cybersecurity solutions.
This expansion further solidifies Expleo’s presence in the Gulf Cooperation Council (GCC), where the company has been active for more than a decade and maintains an office in the UAE. The new Riyadh-based entity will also serve as a nearshore delivery center, providing IT and engineering services to markets across the GCC, including the UAE, Oman, and Kuwait.
Ralph Gillessen, Chairman of Expleo Solutions Ltd. and Group COO of Expleo Group, said: "With its advanced digital infrastructure and strong investment climate, Saudi Arabia stands out as the digital leader of the Middle East. Our new entity will make it easier for local businesses to tap into Expleo’s deep technical expertise and industry insights. This is a key strategic milestone for us, and we’re excited to grow our presence in a region that is not only dynamic but also critical to the future of digital innovation."