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Barclays Raises Oil Price Forecast to $100 Per Barrel in 2026
๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia /Economy & Trade

Barclays Raises Oil Price Forecast to $100 Per Barrel in 2026

From Asharq Al-Awsat · (9m ago) English Positive tone

Summarized and contextualized by DistantNews.

TLDR

  • Saudi Arabia has been ranked the second most attractive global market for data centers, following the United States.
  • The Kingdom's operational data center capacity has seen significant growth, increasing from 68 megawatts in 2021 to an expected 440 megawatts by 2025.
  • This achievement reflects Saudi Arabia's strategic investments in digital infrastructure, power availability, and rapid development, positioning it as a key hub for AI and cloud computing.

Saudi Arabia's ascent to the second position globally in data center market attractiveness is a significant milestone, underscoring the Kingdom's ambitious vision for digital transformation. This ranking, based on a Bloomberg analysis, highlights the success of strategic investments in digital infrastructure, power availability, and rapid development capabilities. The report by SPA emphasizes that these factors, combined with the Kingdom's geographic advantage linking continents, make it a prime location for data center expansion.

The numbers speak for themselves: operational capacity has surged from a modest 68 megawatts in 2021 to a projected 440 megawatts by 2025, a nearly sixfold increase. This rapid growth trajectory continued into the first quarter of 2026, with capacity reaching 467 megawatts. This expansion is not merely about increasing capacity; it signifies Saudi Arabia's commitment to becoming a global hub for artificial intelligence and cloud computing, essential pillars of the modern data-driven economy.

This reflects the Kingdomโ€™s growing position in the data center sector and confirms that the progress achieved in digital infrastructure, power availability, development speed, and operational readiness has positioned Saudi Arabia among the most capable markets in attracting high-quality investments in this sector.

โ€” Eng. Bassam Al-BassamHead of the Artificial Intelligence Enablement Office at the Ministry of Communications and Information Technology, commenting on Saudi Arabia's data center market attractiveness.

Eng. Bassam Al-Bassam of the Ministry of Communications and Information Technology rightly points out that this achievement bolsters investor confidence and solidifies Saudi Arabia's position as a leader in digital infrastructure. The Kingdom's success is a testament to its forward-thinking policies and its ability to attract high-quality investments in a critical sector. Furthermore, Saudi Arabia's top ranking in the Digital Readiness Framework 2025, scoring a "very high" 94 out of 100, reinforces its readiness to embrace and lead in the digital age.

This progress strengthens the confidence of global investors in the Saudi market and supports the Kingdomโ€™s positioning as a global hub for digital infrastructure and artificial intelligence.

โ€” Eng. Bassam Al-BassamFurther remarks by Eng. Bassam Al-Bassam on the impact of the Kingdom's data center growth.
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Originally published by Asharq Al-Awsat. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.