Naver Forms Alliance for Saudi Data Center Expansion

Naver Cloud has signed a strategic agreement with Hanmi Global to pursue large-scale data center projects in Saudi Arabia, responding to the region's growing demand for digital infrastructure. Under this agreement, Naver will oversee technology strategy, while Hanmi Global manages design, construction consultancy, and local business execution. This move is part of Saudi Arabia's broader Vision 2030 initiative, aiming to diversify its economy through enhanced digital capabilities.

The implications of this partnership are significant as they position Naver Cloud as a key player in the Middle East’s digital transformation efforts. By entering with a local partner experienced in the region, Naver aims to enhance its operational capability while simultaneously contributing to the Kingdom's aspirations to attract major tech investments. This strategic pivot not only solidifies Naver’s international presence but also indicates a growing trend of reliance on localized data infrastructures to bolster national digital autonomy.