Salesforce to Invest $500 Million in Saudi AI Sector
Deal News | Feb 11, 2025 | Zawya
Salesforce has announced plans to invest $500 million in Saudi Arabia, focusing on artificial intelligence initiatives. The investment encompasses the introduction of Salesforce's Hyperforce platform through a collaboration with Amazon Web Services. The company aims to expand its product offerings, such as Agentforce, in partnership with firms like Capgemini, Deloitte, Globant, IBM, and PwC. In addition, Salesforce will provide support for its AI-related products in Arabic and intends to upskill 30,000 Saudi citizens by 2030. This announcement took place during LEAP 2025, Saudi Arabia's global tech event, emphasizing the country's significant push towards AI, which recently attracted $14.9 billion in new investments.
Sectors
- Cloud Computing
- Artificial Intelligence
- Technology Consulting
Geography
- Saudi Arabia – Primary location of Salesforce's planned $500 million AI investment and related business expansions.
Industry
- Cloud Computing – Relevant due to Salesforce's investment in its Hyperforce platform, which is part of its cloud computing services.
- Artificial Intelligence – Central to the article as Salesforce's $500 million investment is focused on expanding AI capabilities in Saudi Arabia.
- Technology Consulting – Salesforce is partnering with consulting firms like Capgemini, Deloitte, and PwC to expand its AI product offerings.
Financials
- $500 million – The planned investment by Salesforce in AI-related initiatives in Saudi Arabia.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Salesforce | Investor | Company | A cloud software company planning significant AI-related investments in Saudi Arabia. |
| Amazon Web Services | Strategic Partner | Company | Collaborating with Salesforce to introduce the Hyperforce platform in Saudi Arabia. |
| Capgemini | Partner | Company | Partnering with Salesforce to expand AI-related product use. |
| Deloitte | Partner | Company | Partnering with Salesforce to expand AI-related product use. |
| Globant | Partner | Company | Partnering with Salesforce to expand AI-related product use. |
| IBM | Partner | Company | Partnering with Salesforce to expand AI-related product use. |
| PwC | Partner | Company | Partnering with Salesforce to expand AI-related product use. |
| LEAP 2025 | Event | Other | Global tech event in Saudi Arabia where the announcement was made. |