Business Press Release

Oracle to Invest in Cloud Computing in Saudi Arabia

1.5 billion USD investment planned to expand cloud capacity in Saudi Arabia

To meet the rapidly growing demand for its cloud services, Oracle announced plans to open a third public cloud region in Saudi Arabia. Located in Riyadh, the new cloud region will be part of a planned 1.5 billion USD investment from Oracle to expand cloud infrastructure capabilities in the country. The Oracle cloud Riyadh region will join the existing Jeddah region and the planned cloud region to be located in the futuristic city of NEOM.

This investment is included in an MoU that Oracle has signed with the Ministry of Communications and Information Technology (MCIT) to help Saudi Arabian businesses take advantage of the latest innovations in the cloud. The MoU was signed during Oracle CEO, Safra Catz’s recent visit to Riyadh in the presence of Haitham AlOhali, Vice Minister, Ministry of Communications and Information Technology (MCIT). To quickly meet the requirements of its growing cloud business in Saudi Arabia, Oracle will also expand the capacity of the Jeddah region.

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