You are currently viewing Datacom Seeks to Leverage Saudi Arabia’s Tech Boom

Datacom Seeks to Leverage Saudi Arabia’s Tech Boom

Technological advancements across various sectors have positioned Saudi Arabia as a pivotal hub for global innovation. Datacom, led by CEO Dawood Moya, aims to be a major contributor to this transformation by establishing itself as a trusted partner in digital transformation, artificial intelligence (AI), automation, and process intelligence across public services, financial services, and the oil and gas industries.

In an interview with Arab News, Moya outlined Datacom’s ambition to become a core partner for governmental bodies and industry leaders in Saudi Arabia. He emphasized the company’s commitment to long-term engagement in the Kingdom and its role in enhancing Saudi Arabia’s AI capabilities. “Our goal is to become a leading force in advancing AI and making the Kingdom a frontrunner in the field,” Moya stated.

Datacom’s strategy involves developing AI solutions tailored to local needs and collaborating with Saudi universities and research institutions to nurture AI talent. The company plans to invest in local education and training programs, including AI curriculums, workshops, and certifications, to boost AI awareness and acceptance.

A significant component of Datacom’s expansion includes partnering with the Saudi government to shape AI-friendly policies and regulations, focusing on AI governance and ethics. The company is already collaborating with over five Saudi ministries to develop sophisticated AI solutions aimed at enhancing service performance.

Datacom has set ambitious growth targets for the coming year, prioritizing Saudi Arabia despite its headquarters being located in Ajman, UAE. The company’s business model focuses on reselling cutting-edge technologies rather than developing software. Moya highlighted the company’s expertise in identifying and introducing disruptive technologies to the Saudi market.

With the Saudi AI market projected to grow from $3.11 billion in 2023 to a compound annual growth rate of 42.6% between 2024 and 2030, driven by investments across various sectors, Datacom is positioning itself to capitalize on this growth. The company remains open to discussions with investors aligned with its mission, reflecting the dynamic opportunities within the region.