Oracle announced on Tuesday the launch of its second public cloud region in Riyadh, investing $1.5 billion to advance cloud computing and artificial intelligence (AI) in Saudi Arabia.
This investment aims to support Saudi Arabia’s Vision 2030 objectives and expedite the nation’s digital transformation.
Haytham Alohali, Vice Minister of Communications and Information Technology, emphasized the significance of this development, stating, “The new cloud region in Riyadh is a crucial step towards achieving Saudi Vision 2030 goals, enhancing the digital economy and innovation.”
The Riyadh cloud region, along with the existing Oracle Cloud Jeddah region and the upcoming Oracle Cloud region in NEOM, promises to deliver cutting-edge cloud services to support data, analytics, and AI innovation for local and global organizations.
“This step will significantly enable international and local companies to achieve innovation and promote the adoption of AI and cloud computing technologies in various sectors, enhancing Saudi Arabia’s competitiveness at the regional and international levels,” Alohali added.
Oracle highlighted that the new cloud region marks a milestone in the company’s ongoing efforts to support the digital transformation of Saudi Arabia by providing the necessary infrastructure to drive innovation and growth in the region’s burgeoning tech sector.
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“Our cloud expansion in Saudi Arabia supports the Kingdom’s ambition to develop one of the strongest digital economies in the world,” said Richard Smith, Executive Vice President of Oracle EMEA.
This new expansion brings Oracle’s total number of cloud regions in the Middle East and North Africa to eight.
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