Salesforce to Invest $500 Million in Saudi Arabia

MT Newswires Live

02-11

Salesforce (CRM) said Monday it will invest $500 million in Saudi Arabia to expand its local partner ecosystem, support AI skilling, and drive artificial intelligence adoption.

The company said it will launch its Hyperforce platform architecture in the country through a partnership with Amazon's (AMZN) Amazon Web Services unit.

Salesforce will also work with Capgemini, Deloitte, Globant (GLOB), IBM (IBM), and PwC to expand the reach of Agentforce, its AI-driven solution for automating business operations.

Salesforce plans to add Arabic-language support to its range of AI-driven products to support access for users in the region, according to the company.

Shares of Salesforce were up 1% in recent trading.

Price: 329.08, Change: +3.25, Percent Change: +1.00

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