Globant opens its Middle East Regional HQ in Riyadh serving as a Center of Excellence for AI, creativity and cutting-edge digital solutions

Rhea-AI Summary

Globant (NYSE: GLOB) has inaugurated its Middle East Regional Headquarters in Riyadh, Saudi Arabia, marking a significant expansion less than three years after entering the region. The digital transformation company's new hub will serve as a Center of Excellence for AI and digital solutions.

The company reported strong regional growth with Middle East & APAC revenue increasing 84.4% year-over-year in Q1-25. The move aligns with favorable market conditions, as IT spending in MENA is projected to reach $230.7 billion in 2025, growing 7.4%. In Saudi Arabia specifically, IT services spending is expected to reach $6.4 billion by 2027 with a 9.0% CAGR.

The new headquarters features Globant's third global "Playground," an immersive space showcasing innovation in sports, AI, and customer engagement, following successful implementations in São Paulo and Los Angeles.

Positive

• Strong regional growth with 84.4% year-over-year revenue increase in Middle East & APAC for Q1-25
• Strategic expansion into fast-growing market with MENA IT spending projected to reach $230.7B in 2025
• Positioning in Saudi Arabia's IT services market with expected CAGR of 9.0% reaching $6.4B by 2027
• Investment in local talent development through AI training programs

Negative

• None.

• Less than 3 years after its arrival to the region, Globant confirms its bet for Middle East, with its first regional HQ and an ambitious expansion plan
• The global digital transformation company, already partnering with the most significant Giga-projects in the region, expects this hub in the heart of a growing Saudi Arabia to serve as a platform to export talent and best practices worldwide
• Globant will train local IT talent in the latest AI skills so that they can orchestrate agentic workflows for key industries

RIYADH, Saudi Arabia , May 27, 2025 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, inaugurated its Middle East Regional HQ in Riyadh, Saudi Arabia. Landed in the region less than three years ago, this marks a significant milestone in Globant's geographical expansion and its ambition to be at the heart of digital reinvention in the Middle East through cutting-edge AI solutions and digital customer experiences powered by the cultural insight and expertise of local talent.

Martín Migoya, Co-founder and CEO of Globant said: ¨Reinvention is Globant's core identity. Through the opening of our new Middle East headquarters in Riyadh, we have the honor of applying our talent to be a part of Saudi Arabia's reinvention story as well. Since our first executive visit less than three years ago, we've seen first-hand the promise of the Kingdom's vibrant and young talent and how it can be the engine for growth in its new and innovative economy."

The digital transformation market in the Middle East is experiencing substantial development. Globant's revenue in the Middle East & APAC grew by 84.4% year-over-year in Q1-25. According to Gartner, IT spending in the MENA region is to set to grow 7.4% to reach $230.7 billion in 2025^[1]. In Saudi Arabia in particular,  IDC projects that IT services spending  is set to grow at a compound annual growth rate (CAGR) of 9.0% between 2022 and 2027, reaching $6.4 billion^[2].

In this growing landscape for digital initiatives, now with a dedicated hub, Globant aims to accelerate AI-driven innovation for leading public and private organizations in key verticals such as Media and Entertainment, Travel and Leisure, Financial Services, and Gaming, among others. In order to seamlessly offer  AI-first solutions as, for example, models where experts supervise agentic workflows, Globant will train talented local IT professionals with best-in-class AI courses to support their development as AI Architects and AI Engineers.

Federico Pienovi, CEO & CBO of New Markets at Globant said: "This new hub will allow us to better serve leading organizations in the region, leveraging our expertise in AI, data, and cloud technologies across diverse sectors. As our Centre of Excellence evolves we will be able to export best practices and even talent globally invigorating Saudi Arabia as a global technology hub."

Mamdouh Aldoubayan, Managing Director for MENA at Globant, added: "Today, we have taken a step forward in our journey to drive change and foster a future where technology and human progress go hand in hand. Riyadh's vibrant tech ecosystem presents an unparalleled opportunity for us to showcase our leadership in driving digital transformation and contributing to the Kingdom's Vision 2030, fostering local talent, and building enduring partnerships."

An immersive Playground built into the new HQ

Located in Building 1.15 KAFD, Globant's new headquarters also includes Globant's third global "Playground" — an immersive, open space designed to bring Middle East tech leaders closer to the future of innovation. Following its successful rollouts in São Paulo and Los Angeles, this new Playground offers hands-on experiences that blend innovation with the excitement of sports, AI, and customer engagement. Among other experiences, visitors can step into "The Perfect Pit Stop," a sci-fi VR challenge where teams collaborate as a Formula 1 pit crew; or test their skills with dynamic basketball simulators and digital twin experiences.

About Globant

At Globant, we create the digitally-native products that people love. We bridge the gap between businesses and consumers through technology and creativity, leveraging our expertise in AI. We dare to digitally transform organizations and strive to delight their customers.

• We have more than 31,100 employees and are present in 36 countries across 5 continents, working for companies like Google, Electronic Arts, and Santander, among others.
• We were named a Worldwide Leader in AI Services (2023) and a Worldwide Leader in Media Consultation, Integration, and Business Operations Cloud Service Providers (2024) by IDC MarketScape report.
• We are the fastest-growing IT brand and the 5th strongest IT brand globally (2024), according to Brand Finance.
• We were featured as a business case study at Harvard, MIT, and Stanford.
• We are active members of The Green Software Foundation (GSF) and the Cybersecurity Tech Accord.

Contact: pr@globant.com

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^[1]https://www.gartner.com/en/newsroom/press-releases/2024-11-20-gartner-forecasts-mena-it-spending-to-grow-7-percent-in-2025
^[2] https://my.idc.com/getdoc.jsp?containerId=prMETA51421423

 

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SOURCE Globant

FAQ

What is the significance of Globant's (GLOB) new Middle East headquarters in Riyadh?

Globant's new Middle East HQ in Riyadh serves as a Center of Excellence for AI and digital solutions, supporting regional expansion and local talent development. It marks significant growth after less than 3 years in the region, with Middle East & APAC revenue growing 84.4% year-over-year in Q1-25.

How much revenue growth did Globant (GLOB) report in the Middle East region?

Globant reported 84.4% year-over-year revenue growth in the Middle East & APAC region during Q1-25.

What are the IT spending projections for Saudi Arabia where Globant (GLOB) opened its new headquarters?

According to IDC, IT services spending in Saudi Arabia is projected to grow at a 9.0% CAGR between 2022 and 2027, reaching $6.4 billion.

What is the Playground feature in Globant's (GLOB) new Riyadh headquarters?

The Playground is an immersive, open space designed for tech leaders to experience future innovations, featuring VR challenges, basketball simulators, and digital twin experiences. It's Globant's third global Playground after São Paulo and Los Angeles.

How is Globant (GLOB) planning to develop AI talent in Saudi Arabia?

Globant will train local IT professionals through best-in-class AI courses to develop them as AI Architects and AI Engineers, supporting the delivery of AI-first solutions and agentic workflows.