Saudi Arabia’s position as a digital nation is gaining strength by the day. As digital transformation permeates diverse industries in the Kingdom, enterprises are leveraging comprehensive digital strategies as one of the most critical growth levers.
Top technology companies like Speridian Technologies have been at the forefront of this monumental shift happening across the wider business sector in Saudi Arabia. The global firm, which expanded to Saudi Arabia back in 2022 with AstroLabs, offers enterprise expert guidance, world-class tech infrastructure, and innovative solutions to help businesses build a competitive moat and propel their respective industries forward.
We recently spoke to Speridian’s Country Sales Director, Shafiq Siddiq, who reflected on the company’s growth journey in Saudi Arabia.
Leveraging Global Expertise to Meet Strong Market Demand for IT Consulting Solutions
Speridian’s expansion to Saudi was broadly viewed as a strategic move by the global firm to help private and public institutions meet key parameters that are essential for making digital transformation, leaving its indelible mark on sectors far and wide.
The company offers a myriad of enterprise solutions and IT consulting services spanning diverse industry verticals. That includes banking and financial services, e-commerce and retail, real estate, manufacturing, and public sector.
Further, it is also deeply engaged with leading innovators such as Oracle, Microsoft, Salesforce, Google, Amazon, UiPath, Adobe, and SAP.
The Riyadh office is part of its wider global expansion, which includes a presence in 10 countries across North America, Asia, and MENA. Besides its headquarters in the US, the company has 26 offices in the US, Canada, India, Pakistan, Singapore, El Salvador, and the UAE.
Having worked closely with clients for many years in the country, Saudi Arabia was Speridian’s obvious choice for its next expansion leg. Its Riyadh office further enables it to provide localized support and specialized solutions to its clients and partners.
“This market is currently experiencing rapid growth, showing a dynamic expansion that aligns perfectly with emerging industry trends and increasing customer demands. We entered the market last year, and I think our entry in the market has been both, time and strategic, positioning us to leverage its growth momentum fully,” said Siddiq.
The footprint expansion in Saudi Arabia has created strategic growth opportunities for Speridian by expanding its current addressable market, allowing it to meet surging demand for enterprise digital transformation across the Kingdom.
“We started with two or three logos; now we have 20+ logos, and it keeps growing. [Being in Saudi Arabia] is helping us, revenue-wise and in terms of overall growth,” he added.
Among the leading institutions that Speridian works with within the Kingdom are, Arab National Bank, Riyadh Capital, STC, MISK Foundation, Saudi Agricultural and Livestock Investment Co. (SALIC), and Saudi Downtown Company.
This extensive reach and comprehensive coverage speak to Speridian’s unique approach to diversification and adaptability in serving a wide range of business environments.
Vision 2030-Led Digitization Blueprints Speridian’s Expansion to Saudi’s IT Consulting Sector
Saudi Arabia’s growth story has at its center a future-ready society and a knowledge-based economy. This vision is being realized through robust digital infrastructure, improved access to public services, and digitally empowered citizens.
Resulting from this shift is a rapidly growing software development market and a tech sector that’s expected to be worth SR103 billion ($27.45 billion) by 2025, the largest across the region.
Saudi Arabia’s emphasis on digital transformation has increased its appeal as a prime destination for international expansion and a potent ecosystem for Speridian’s operations.
“With Vision 2030 as a catalyst, Saudi Arabia is transforming into a modern, tech-driven economy, creating immense opportunities across sectors. This market is a high-priority target for us, and we are eager to align our efforts with the goals of Vision 2030,” Siddiq explained.
Recognizing the pivotal role AstroLabs has played in Speridian’s journey of growth in Saudi Arabia, Siddiq underscored that its dedicated team provided guidance every step of the way, ensuring the company’s needs were met.
That support spans everything from helping the company obtain a commercial registration (CR) to securing an office at the heart of the district of Al Malqa, Riyadh, within the AstroLabs’ ever-growing network of office spaces.
“From getting the CR to date, there are a lot of challenges coming up, for which we need a lot of help. AstroLabs was there to help us secure an office or help with a lot of legal documentation and registration, amongst other things.” Siddiq explained.
With a focus on delivering bespoke advanced tech services to empower businesses in Saudi Arabia, Speridian remains a key enabler in leveling the playing field for industry participants in multiple specializations, allowing them to future-proof operations to ensure continued innovation, scalability, and growth.
As it strengthens its presence in the Kingdom, Speridian will continue to play a leading role in Saudi Arabia’s path toward economic diversification and digitization and be a core component of the paradigm shift that the country is currently witnessing.