Redington Unveils SAR 2 Billion Investment Plan for Saudi Arabia at LEAP 2025

Riyadh, Saudi Arabia, February 9, 2025 – Redington Limited (NSE: REDINGTON, BSE: 532805) announced a significant commitment of SAR 2 billion (approximately $533 million) to bolster Saudi Arabia's technology sector over the next decade. The announcement was made at LEAP 2025, Saudi Arabia's premier technology event.

Key Highlights of Redington’s Investment Plan​

• New Headquarters & Smart Distribution Center: Redington will establish a state-of-the-art headquarters and an automated smart distribution center in Saudi Arabia.
• Commitment to Saudi Vision 2030: The company aligns its investments with Saudi Arabia’s Vision 2030, which prioritizes technology as a key driver of economic transformation.
• Expansion of Saudi-Made Servers: Redington will introduce Saudi-manufactured servers into its portfolio, reinforcing its role in local manufacturing and global distribution.
• Support for SMEs & Startups: The company will enhance its partnerships with cloud hyperscalers, software providers, and AI platforms to empower Saudi SMEs, startups, and independent software vendors (ISVs).
• Workforce Development Initiatives: Redington’s Najem Program will continue training Saudi nationals in corporate and tech skills to prepare them for leadership roles.

CEO & Leadership Commentary​

Viswanath Pallasena, CEO of Redington MEA, stated:

“We are wholeheartedly committed to Saudi Vision 2030, where technology plays a pivotal role across its three pillars— a vibrant society, a thriving economy, and an ambitious nation. By aligning our efforts with this vision, we aim to contribute meaningfully to Saudi Arabia's progress and long-term success.”

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Rawad Ayash, President, Saudi Arabia, Redington, emphasized:

“Redington provides essential support to Saudi SMEs, startups, and ISVs, helping them expand into global markets.”

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Redington at LEAP 2025​

At LEAP 2025, Redington is showcasing its latest AI-powered innovations, cloud solutions, and cutting-edge enterprise technology at Hall 3, Booth D70. Attendees can engage with Redington’s technology experts, explore market trends, and gain insights into real-world success stories.

Strategic Outlook​

With a 24-year presence in Saudi Arabia and $1.5 billion worth of technology delivered in 2024, Redington continues to expand its role in the Kingdom. The SAR 2 billion investment aims to position Redington as a key enabler of digital transformation and a driver of Saudi Arabia’s innovation-led growth.

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This strategic move reinforces Redington's leadership in the global technology distribution sector, underscoring its commitment to economic diversification, local talent development, and the acceleration of Saudi Arabia’s digital economy.