GCC Data Center Market Investment Analysis: Growth Surge Expected by 2030

The GCC Data Center Market is set to grow significantly, from USD 3.48 billion in 2024 to USD 9.49 billion by 2030, with a CAGR of 18.2%. Major operators and global tech giants are investing heavily in the region, impacting cities like Dubai and Riyadh. New regulations in Saudi Arabia and initiatives like LEAP Riyadh 2025 are further driving growth and enhancing the digital infrastructure across the GCC nations.

The GCC Data Center Market is predicted to experience substantial growth, expanding from a valuation of USD 3.48 billion in 2024 to USD 9.49 billion by 2030, with a compound annual growth rate (CAGR) of 18.2%. Notable operators like Equinix, Gulf Data Hub, and Khazna Data Centers are driving the market, alongside emerging players such as Agility and DataVolt. Global tech giants, including Google and Amazon Web Services, are also investing in dedicated data centers across significant cities including Dubai and Riyadh.

In October 2024, Khazna Data Centers announced plans to develop an AI-optimized facility in Ajman, UAE, which will comprise 20 data halls, with the first phase expected to be operational by 2026. The GCC nations are urgently updating data governance policies to align with their rapid digitalization efforts, with countries like Saudi Arabia and the UAE implementing stringent data protection laws to enhance cybersecurity and privacy.

Saudi Arabia, with its Vision 2030 initiative, is emerging as a pivotal player in the region’s data center market. The introduction of “Data Centre Services Regulations” in early 2024 aims to modernize digital infrastructure and foster investment from international companies. Such efforts are augmented by government support programs designed to enhance internet penetration and digital inclusivity.

The LEAP Riyadh 2025 event is poised to transform Saudi Arabia’s technology landscape by attracting investments and innovative initiatives in the data center market, which will establish advanced technological infrastructures and stimulate international collaboration. The anticipated initiatives are expected to generate significant market interest and solidify Saudi Arabia’s global position in technology.

The report encompasses a detailed analysis of the data center market, including existing and upcoming facilities, growth prospects, and market dynamics. It presents insights into the existing landscape, projected growth rates, and investment opportunities across the GCC region, making it a valuable resource for stakeholders involved in IT infrastructure development and investment.

The GCC Data Center Market is on an optimistic trajectory, forecasted to achieve a market size of USD 9.49 billion by 2030, largely propelled by Saudi Arabia and the UAE. The region is responding to increasing digital demands through enhanced data governance and significant investments from both established operators and new entrants. Strategic initiatives like Saudi Arabia’s Vision 2030 and the LEAP Riyadh 2025 event signify a commitment to fostering a robust technological ecosystem, positioning the GCC as a leader in the data center industry.

Original Source: www.globenewswire.com