Amazon, Alphabet, and Microsoft Look to a Promising Future. With the announcement of increasing investments in data centers, the global tech giants are on a path of expansion. In particular, Amazon's cloud division has specified that it will invest approximately 5.3 billion US dollars in Saudi Arabia by the year 2026. Customers will thus be able to securely store their content.

The Cloud Division Amazon Web Services (AWS) Will Thus Soon Be Present in the Kingdom, Providing Users with First-Class Services. According to Amazon, this will primarily support the growing need for Artificial Intelligence (AI) technologies. Furthermore, the company announced that its AWS customers in the region already include well-known companies such as Saudi Telecom Company, Seera, and Mobily.

The Potential of Saudi Arabia as a Location for AI Activities Outside the USA Had Already Been Emphasized Last Month by the Head of the Saudi Public Investment Fund (PIF). With Its Rich Energy Resources and Strong Financing Capacity, the Kingdom is the Ideal Place for Expansion in the Field of AI Technologies.

The announcement by Amazon, Alphabet, and Microsoft underscores the growing importance of data centers and cloud services in today's technology-driven world. These investments will not only enhance the global influence of the companies but also boost the economy of the kingdom. It remains to be seen which other companies will join the development and what effects this will have on the global stock market.