Artefact is strengthening its presence in MENA with a new office in Riyadh, Saudi Arabia to tap the growing demand for data and digital consulting, as per a media release.

The Kingdom of Saudi Arabia (KSA), one of the region's largest and fastest developing economies, had a big data and artificial intelligence (AI) industry of US$164.98 million in 2020. This is predicted to reach US$891.74 million by 2026, representing a 32.6 percent annual growth rate over the next five years.

This provides Artefact with a big prospective market with tremendous growth opportunities. The firm intends to significantly expand its team in KSA, with revenue forecast to see a threefold increase.