Adesso Expands to Gulf Region with New Subsidiary in Riyadh

On the heels of a project win with an international bank in Bahrain, adesso SE announces the opening of its first subsidiary in the MENA (Middle East/North Africa) region, named adesso Arabia Ltd., based in Riyadh, Saudi Arabia. This strategic move serves both to bolster adesso's international growth ambitions and capitalize on the burgeoning market opportunities within the Gulf region. Initially, adesso Arabia will concentrate on the banking and insurance sectors, offering both implementation, migration project services, and customized software solutions in collaboration with local partners.

Dr. Andreas Nolte, also the Managing Director of adesso insurance solutions GmbH, will lead the Riyadh office, affirming adesso's commitment to the digital transformation journey of the Gulf region. The decision underlines the significance of Saudi Arabia and its neighbors in adesso's global strategy, propelled by the country’s double-digit growth rates and substantial investments in digitalization. Saudi Arabia's Vision 2030, aiming to diversify the economy beyond oil, presents substantial growth avenues for IT services, including the fostering of a robust service sector and the advancement of digital administrative processes.

The launch of adesso Arabia aligns with the company’s ethos of organic international expansion through the cultivation of pivotal market relationships. This approach is expected to enable adesso to significantly contribute to and benefit from the region's extensive economic transformation efforts and the ongoing digital revolution.