Why Enterprise Tech Companies Are Scaling Fast in Saudi Arabia

Saudi Arabia’s digital push is accelerating enterprise tech adoption, fueling rapid growth for global players like Speridian Technologies.

At the heart of Saudi Arabia’s economic success is a massive push toward digitization that is felt in every corner of the market. This nationwide shift is compelling companies to accelerate technology adoption, driving a growing appetite for advanced, scalable IT solutions.

Global leaders like Speridian Technologies have been at the forefront of this industry-wide transition, offering a full gamut of digital transformation solutions to support local enterprises in their modernization journeys.

Reflecting on the company's mission in Saudi Arabia, Shafiq Siddiq, Sales Director at Speridian Technologies KSA, said: “A lot is happening in digital transformation, which is our subject. We're helping companies move from one platform to another, upgrading their digital transformation and introducing AI and machine learning.”

Strong Market Momentum Driven by Appetite for Digital Transformation

Since entering the market in 2022 via AstroLabs, Speridian has become a key digital transformation partner for a growing number of companies across multiple sectors, helping them navigate an ever-evolving landscape while providing the strategic guidance needed for long-term success.

Over the past four years, Speridian has achieved several key milestones, including working with big-name clients like Arab National Bank, Riyadh Bank, NEOM, MISK Foundation, and various entities affiliated with the PIF.

This operational scale, supported by a rapidly expanding team, has driven remarkable financial results. “We expected to double our revenue annually, but right now, we are seeing 4x to 5x growth. We started with just three team members in 2022, and now we have 35 to 40 in Saudi Arabia—and that number is growing very rapidly,” Siddiq shared.

Alongside its partners, Speridian works to bridge critical tech service delivery gaps, supporting key technologies like Oracle, among others. The approach helps deliver measurable business outcomes by aligning global expertise with local market needs.

In such a fast-moving market, navigating the intricacies of business setup can be tricky for international firms. Siddiq underscored that enlisting the help of AstroLabs has been instrumental in enabling the company to expand and seamlessly integrate into the market, all while remaining compliant with regulations.

“Since we started our operations in the Saudi market, we have been with AstroLabs and are continuing, looking forward to a long business relationship. They help us a lot—for settling down, for day-to-day tasks, for managing resources, and for business requirements,” Siddiq explained.

Speridian's Riyadh hub is located in AstroLabs' office spaces in Al Malqa district. For Siddiq, the company's presence in this vibrant community has contributed positively to Speridian's success in its expansion initiatives, as well as creating opportunities for its business development.

Worth noting, the Kingdom represents Speridian’s 11th country of operation, complementing a network of 26 global offices worldwide.

Saudi’s Rise as a Pro-Business Hub Fuels Market Opportunities in IT Sector

The country’s tech prowess, a thriving business environment, and ongoing government support have created conditions conducive to making it easier for global companies, including Speridian, to expand their footprint in the Kingdom.

This shift is evident in the latest macroeconomic data: as of late 2025, as many as 675 companies set up their regional headquarters (RHQs) in Saudi Arabia, with commercial registrations (CRs) reaching a total of 1.7 million by Q3 2025.

Saudi’s position as a leading destination for corporate HQs and foreign businesses is anchored in its commitment to strengthening domestic innovation and industrial growth. This momentum is reinforced by a $1.7 trillion construction pipeline and high-growth opportunities surrounding global events such as Riyadh Expo 2030 and the FIFA World Cup 2034.

With more companies entering the market, the demand for enterprise tech solutions continues to be on the rise, making the Kingdom a fertile ground for Speridian’s operations.

“Everybody's eyes are on this market. We have taken the right decision at the right time. We're seeing in the next three to four years, there's a lot of potential because all the big events are coming here. A lot of investment is coming into this market, and everybody is looking at Saudi to take their piece of the pie. So that excites us a lot,” Siddiq observed.

Saudi’s rapidly growing consumer base, booming economy, and supportive environment for innovation and investment make it a business haven for tech entities. Speridian's success demonstrates how companies can gain competitive advantages by adapting to increasingly discerning clients, tailoring products to market-specific needs, and deepening local integration.