Indian Business Professional Network

In a bold move towards a technologically advanced future, Saudi Arabia is set to invest a staggering $110 billion in data centers, marking a significant transition from its traditional oil-based economy to a digital powerhouse. This initiative aligns with the Kingdom's Vision 2030, which aims to diversify its economy and position Saudi Arabia as a leader in the global technological landscape. By 2030, artificial intelligence (AI) is projected to contribute approximately 12.4% of Saudi Arabia's GDP. -$1.4 trillion national investment framework designed to foster economic growth and innovation. -$100 billion allocated to AI-focused funds including partnerships like Aramco Digital and the Saudi Data and Artificial Intelligence Authority (SDAIA | سدايا ). -$90 billion investment in AI and quantum technology driven by a strategic partnership between Aramco and NVIDIA . - Over 1 GW of data center capacity expected to be operational by 2027. Several flagship projects are already underway, signaling the Kingdom's commitment to building a robust digital infrastructure: aramco 's Digital Hub with a capacity of 250 MW. stc 's $1.5 billion data center project aimed at enhancing connectivity and data management. alfanar ’s 120 MW Digital City in Riyadh, designed to be a hub for innovation and digital services. NEOM ’s renewable-powered 150 MW facility a cornerstone of the futuristic city being built in the northwest of Saudi Arabia. - Significant expansions from tech giants like Huawei and Zain KSA further solidifying the Kingdom's position in the global tech arena. - SDAIA is spearheading the national AI strategy, ensuring alignment with global best practices. (Public Investment Fund (PIF) ) is fueling various initiatives, providing financial backing to promising ventures. aramco digital is at the forefront of industrial AI, leveraging data analytics to enhance operational efficiencies. HUMAIN is focused on developing Arabic language models and sovereign AI capabilities. Institutions like KAUST (King Abdullah University of Science and Technology) and King Abdulaziz City for Science and Technology (KACST) are advancing research in quantum technologies, ensuring that Saudi Arabia remains at the cutting edge of scientific discovery. Venture capital firms such as Prosperity7 $ 3 billion Shorooq $300 million), and Vision Ventures are heavily investing in the burgeoning startup ecosystem, fostering innovation and entrepreneurship. The economic implications of this digital revolution are profound: - An estimated $110 billion contribution to GDP by 2030 from the AI sector. - The creation of over 300,000 new jobs across various sectors, bolstering employment opportunities for Saudis. - Anticipated $15 billion in digital exports enhancing Saudi Arabia's position in the global market. - 26% productivity gains projected across key industries, driven by the adoption of AI and digital technologies.

Consul General Shri Fahad Ahmed Khan Suri attended the inaugration of the Jeddah International Automotive Aftermarket Expo being held in Jeddah International Exhibition and Convention Centre, during 22 -24 October 2025. More than 200 companies from different countries are showcasing their products and services in the Expo. Ministry of External Affairs, Government of IndiaIndia in Saudi Arabia (Embassy of India, Riyadh)Department of Commerce, GoIDepartment for Promotion of Industry and Internal TradeTrade Promotion Council of India

https://lnkd.in/d2EnEKaY

https://lnkd.in/d2EnEKaY

Strengthening Economic Ties: Consul General of India, Shri Fahad Ahmed Khan Suri, recently met with Mr. Amr Mamoun Al Kabbani, Group CEO, and Mr. Sultan Khalid Waznah, Chief Human Resource Officer of the Isam Khairi Kabbani Group of Companies. During this insightful discussion, they explored potential opportunities for the group to expand its operations in India. The Consul General emphasized the Consulate's commitment to supporting the group in forging new trade and investment linkages, as well as facilitating partnerships with Indian enterprises. This meeting underscores the ongoing efforts to enhance bilateral trade relations and create mutually beneficial opportunities between India and Saudi Arabia. #IndiaSaudiRelations #TradeOpportunities #Investment #BusinessPartnerships #EconomicDevelopment

Google Bets Big on India: A $15 Billion AI Hub to Make Andhra Pradesh a Tech Powerhouse In one of the largest foreign direct investments in India’s technology sector, Google has announced a monumental $15 billion plan to establish a state-of-the-art AI hub in Visakhapatnam, Andhra Pradesh, its biggest facility outside the United States. Far more than a traditional data center, the Vizag campus will anchor a 1-gigawatt AI and cloud data infrastructure, developed in partnership with AdaniConneX. The project also includes the rollout of new clean energy sources, a dedicated subsea cable gateway, and a fiber-optic expansion that will enhance India’s digital backbone. Beyond the technology, this investment is expected to generate 5,000–6,000 direct jobs and up to 30,000 indirect jobs, contributing more than ₹10,000 crore (US$1.2 billion) annually to the Andhra Pradesh economy. The state government projects an average ₹10,518 crore annual addition to GSDP between 2028 and 2032, driven by cloud adoption and AI productivity spillovers. Strategically, Google’s move positions India as a global epicenter for AI innovation, leveraging its massive talent pool and rapidly growing digital market. It also marks a strong public–private collaboration model, as global tech players join hands with Indian conglomerates to build sustainable, future-ready infrastructure. As this hub comes online, Visakhapatnam is poised to emerge as one of Asia’s most dynamic AI destinations a place where global technology, local innovation, and digital transformation converge to shape the next chapter of India’s growth story.

Saudi Arabia is pushing the boundaries of architecture and urban planning with the proposed Rise Tower, a 2,000-metre (2 km) skyscraper that would more than double the height of today’s tallest building. Designed by Foster + Partners it is envisioned as the centerpiece of Riyadh’s futuristic North Pole megaproject, covering roughly 306 km² Commercial Interior Design Archinect. Backed by the Public Investment Fund (PIF), the tower is estimated to cost USD 5 billion and will serve as a vertical hub for luxury hospitality, entertainment, and premium infrastructure. Construction Week Middle East Construction Week online International firms such as AECOM Bechtel Corporation Mace Parsons Corporation, and Turner Construction Company are already circling the project, responding to PIF’s bids on project management consultancy and district planning. Council on Tall Buildings and Urban Habitat (CTBUH) MEED | Middle East Economic Digest But Rise Tower is more than a height record it’s a strategic lever for Vision 2030. The North Pole district will integrate renewable energy, high-speed transit, autonomous mobility, and mixed-use urban planning to create a self-sustaining vertical city. Construction Business News Middle East Commercial Interiors This proposed megaproject is a bold statement: Saudi Arabia is staking its future on architectural innovation, economic diversification, and sustainable urban transformation. #RiseTower #Vision2030 #Megaprojects #SustainableCities #Architecture #UrbanInnovation

Saudi Arabia's Expo 2030 Riyadh Company (ERC) has officially floated the tender for the initial infrastructure works at the highly anticipated Expo 2030 site. https://lnkd.in/d8scN59F #Expo2030 #Riyadh #SaudiVision2030 #Infrastructure #ConstructionNews #MEED

Saudi Arabia Greenlights Ambitious $350bn 2026 Budget, Doubling Down on Vision 2030 Transformation Saudi Arabia has officially set its spending plan for the coming years, approving a massive SAR 1.31 trillion (approx. $350 billion) budget for 2026. This move signals a powerful and confident continuation of the Kingdom's economic transformation agenda under Vision 2030. While the near-term 2024 budget remains expansionary, this forward-looking plan for 2026 provides crucial certainty for global investors and local businesses alike. Key Takeaways for Professionals & Investors: Sustained Economic Momentum: The 2024 budget projects a deficit of SAR 79 billion ($21 billion), a strategic investment in growth rather than austerity. This indicates the government is prioritizing long-term diversification over short-term balance. Non-Oil Growth is the Star: The non-oil sector is now the primary engine of the economy, recording a remarkable 5.9% growth in Q3 2023. This is a critical metric, proving the success of efforts to reduce dependence on hydrocarbons. Giga-Projects & Private Sector Opportunities: With massive projects like NEOM, Red Sea Global, and #Qiddiya driving demand, the budget ensures a steady pipeline of opportunities in construction, tech, finance, tourism, and logistics. The private sector is expected to be a key partner and beneficiary. Fiscal Prudence Meets Ambition: Despite the spending, the government is maintaining a disciplined approach, with the 2024 deficit representing less than 2% of GDP. Revenues are being managed effectively to fund the transition without over-extending. This isn't just a national budget; it's a strategic roadmap for one of the world's most ambitious economic overhauls. For international companies, it confirms Saudi Arabia's commitment to being a long-term, high-growth market. For professionals, it highlights the dynamic and rapidly evolving landscape of opportunities in the region. The Kingdom is not just planning for the next year—it's building the foundation for its post-oil future. What are your thoughts on the scale and impact of Saudi Arabia's economic transformation? #SaudiArabia #Vision2030 #Economy #Investment #GCC #BusinessNews #NEOM #EconomicDiversification #MiddleEastBusiness #Finance #Budget2024

India and Saudi Arabia’s partnership has evolved from a traditional buyer–seller energy link into a multidimensional strategic alliance. In FY 2024-25, bilateral trade touched USD 41.9 billion (Indian exports: USD 11.8 billion; imports: USD 30.1 billion), while the presence of Indian businesses in the Kingdom has surged from a few hundred to more than 3,000 companies, including over 40 regional headquarters across #IT #Energy #Telecom, #Infrastructure and #Services. Coupled with a vibrant diaspora of 2.65 million professionals, landmark joint-venture #Refineries, plans for an #Electricity-grid interconnection, and over USD 100 billion in recent MoUs, this alignment of #SaudiVision2030 and India’s #ViksitBharat2047 is creating unprecedented opportunities far beyond oil from #Defense and #Greenenergy to #Logistics #Technology and #Tourism. For MSMEs and large corporations alike, this corridor is now a two-way highway for #Trade #Investment, and #Innovation, making immediate engagement essential to capture the next wave of growth. By Zakariya Biladi Marketing Support Services LinkedIn News India KPMG India Public Investment Fund (PIF)Embassy of India Ambassador Dr. Ausaf Sayeed Mubarak Bawa Syed Confederation of Indian Industry