Cloud AI Update - Saudi Arabia's Cloud Market Poised For Rapid Growth

The Saudi Arabia Cloud Computing Market is poised for substantial growth, with a projected compound annual growth rate (CAGR) of 11.33% from 2025 to 2033, expected to reach US$ 38.23 billion by 2033. This expansion is driven by factors such as digital transformation, increased enterprise adoption of cloud services, and government initiatives under Vision 2030, which aim to modernize IT infrastructure and foster innovation. The market is also benefiting from the growth in smart city projects, IoT technologies, and the digitization of various sectors, including banking, healthcare, and manufacturing. However, challenges such as regulatory concerns and a shortage of skilled cloud professionals may impact large-scale cloud adoption.

• Presight AI Holding (ADX:PRESIGHT) last closed at AED3.57 down 1.7%.

In other trading, DCI Indonesia (IDX:DCII) was a standout up 10% and ending the day at IDR336,650.00, near its 52-week high. Meanwhile, CoreWeave (NasdaqGS:CRWV) lagged, down 15.5% to finish the session at $99.50.

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• Alphabet (NasdaqGS:GOOGL) ended the day at $202.94 up 0.5%, near its 52-week high.
• Microsoft (NasdaqGS:MSFT) settled at $522.48 up 0.4%.
• Apple (NasdaqGS:AAPL) ended the day at $232.78 down 0.2%. On Tuesday, Apple announced a partnership with United Airlines to offer Apple TV+ content for free on United's seatback screens and app.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Saudi Arabia Cloud Computing Market Outlook and Company Analysis Report 2025-2033 Featuring Google, AWS, Alibaba, Microsoft, Oracle, CloudSigma, VMware, Salesforce, Saudi Telecom Co, IBM" from Research and Markets on GlobeNewswire (published 13 August 2025)

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