GlobeNewsWire
08 Jun 2026, 05:30 UTC · 8h ago
Rackspace Technology Establishes Regional Headquarters in Riyadh to Accelerate Cloud and AI Growth
GlobeNewsWire
08 Jun 2026, 05:30 UTC · 8h ago
Story key points
2 claims · impact-rated
Rackspace Technology (RXT) has established a new regional headquarters in Riyadh, Saudi Arabia. — Expansion into a high-growth digital economy like Saudi Arabia opens new revenue streams in cloud and AI services.
+0.30The Riyadh hub is specifically designed to target enterprise, government, and regulated industries aligned with Saudi Arabia’s Vision 2030. — Focusing on government-backed initiatives often leads to large-scale, long-term contracts.
+0.20Ticker attribution
Model heads
The company is expanding its global footprint by establishing a regional headquarters in Riyadh to accelerate AI and cloud growth.
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Mentioned as a partner in a signing agreement with Rackspace Technology, suggesting a positive strategic collaboration.
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