Investment will support regional headquarters and hiring, AI skills development, and expanding cloud infrastructure, partner ecosystem, and broader operations in the Kingdom.
- Snowflake formally inaugurates its META regional headquarters in Riyadh, to better serve local customers and reinforce the company’s long-term commitment to Saudi Arabia
- Snowflake’s projected $300m investment and its partnership with MCIT will accelerate the expansion of Snowflake’s local operations, and equip up to 25,000 Saudi learners with critical data and AI skills by 2030 through the One Million Minds programme
- Snowflake will expand its AI Data Cloud with two additional cloud regions in the second half of 2026, supporting data residency and sovereignty requirements
RIYADH, KSA, 27 October 2026: Snowflake, the AI Data Cloud company, has announced a projected $300m (approximately SAR 1.125 billion) investment through 2030, and will work alongside the Ministry of Communications and Information Technology (MCIT), which supports technology companies investing in the local market, as part of its long-term commitment to supporting Saudi Arabia’s digital transformation and alignment to Vision 2030.
The announcement comes as Saudi Arabia continues to accelerate the adoption of artificial intelligence across its economy. AI use among Saudi businesses increased by 20% year-on-year in 2025, according to the General Authority for Statistics, increasing the need for secure, governed access to enterprise data. To support the growth in AI and Vision 2030, Snowflake’s investment will focus on three key areas:
- To support local customer requirements, Snowflake has officially announced the opening of its Middle East, Turkey and Africa (META) regional headquarters (RHQ) in Saudi Arabia. Established in 2024, the RHQ will continue to invest in growing its local team, developing the regional partner ecosystem, and in broader operations in Saudi Arabia.
- With MCIT’s focus on a cloud-first policy to drive digital transformation and local skills development, Snowflake and MCIT will jointly deliver the One Million Minds programme to enable data and AI upskilling for up to 25,000 learners.
- In addition to Snowflake’s Google Cloud Dammam region, the company will launch two additional cloud regions in Saudi Arabia in the second half of 2026; offering a truly multi-cloud experience, giving customers greater flexibility to choose the cloud environment that best meets their business, data residency and sovereignty requirements.
MCIT will support Snowflake’s expansion of operations in Saudi Arabia by connecting and unlocking opportunities with local entities, networking and scaling operations. A central focus of the collaboration will be to upskill up to 25,000 people over the next five years with critical data and AI skills for the future, through the One Million Minds programme. Delivered with MCIT, the career-focused programme will combine virtual and in-person training on the Snowflake platform. Participants will gain practical data and AI capabilities through Snowflake University, earn certificates and build real-world data and AI projects, with networking and mentorship opportunities available through the Saudi Arabia Data and AI Community. The initiative will also bring Snowflake Academia to the Middle East for the first time, helping universities integrate current data and AI technologies into their curricula and supporting Saudi’s development of a future-ready technology workforce.
“Saudi Arabia has made data, AI and human capital development central to its economic transformation, creating a strong environment for long-term technology investment,” said Michel Nader, Regional Vice President (RVP) for the Middle East, Turkey & Africa, at Snowflake. “Our projected $300 million investment reflects Snowflake’s confidence in Saudi Arabia and its digital future. Through our global mission to help every enterprise achieve its full potential through data and AI, we intend to contribute meaningfully to Vision 2030 and support the next phase of the nation’s technology ecosystem.”
Snowflake already supports organisations across Saudi Arabia, including Red Sea Global, O3sigma, Zahid Group, Almarai, Foodics, Rime and Jeeny. Through its RHQ in Riyadh and expanded investment in Saudi Arabia, Snowflake will continue working with customers, partners and government stakeholders to broaden access to the AI Data Cloud, strengthen local technical capabilities and contribute to Saudi Arabia’s growing data and AI economy.
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About Snowflake
Snowflake is the platform for the AI era, making it easy for enterprises to innovate faster and get more value from data. More than 14,500 customers around the globe, including hundreds of the world’s largest companies, use Snowflake’s AI Data Cloud to build, use and share data, applications and AI. With Snowflake, data and AI are transformative for everyone. Learn more at snowflake.com (NYSE: SNOW).
About Projected Investment and IDC Methodology
Snowflake commissioned an independent third-party analysis with IDC to assess Snowflake’s projected economic impact and customer value in Saudi Arabia. The projections, estimates, and forward-looking statements contained in this document are based on current market assumptions, available data, and observed trends in technology adoption, digital transformation, and macroeconomic developments in the Kingdom of Saudi Arabia. These statements are inherently subject to uncertainties, including but not limited to possible changes in national economic conditions, regulatory reforms, Vision 2030 policy initiatives, investment priorities, technological advancements, market demand, and regional or global economic dynamics. If changes occur, this may result in differing outcomes from those expressed or implied in these projections particularly given the rapid pace of change in the Kingdom’s digital economy, the evolving cloud and AI regulatory environment, and fluctuations in public and private investment cycles.
Forward‑Looking Statements
This press release contains express and implied forward-looking statements, including statements regarding (i) Snowflake’s business strategy, plans, opportunities, or priorities, (ii) Snowflake’s products, services, and technology offerings, (iii) Snowflake’s vision, strategy, and expected benefits relating to artificial intelligence and other emerging product areas, and (iv) Snowflake’s projected investment and expanded operations in Saudi Arabia. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under the heading “Risk Factors” and elsewhere in the Quarterly Reports on Form 10-Q and the Annual Reports on Form 10-K that Snowflake files with the Securities and Exchange Commission. In light of these risks, uncertainties, and assumptions, actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. As a result, you should not rely on any forward-looking statements as predictions of future events.
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