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NEOM investing $1.5B in new Oracle cloud in Riyadh

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 investment from Oracle to expand cloud infrastructure capabilities in the Saudi Arabia. The Oracle Cloud Riyadh Region will join the existing Oracle Cloud Jeddah Region and the planned Oracle 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 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 His Excellency Eng. Haitham AlOhali, Vice Minister, Ministry of Communications and Information Technology. To meet the requirements of its growing cloud business in Saudi Arabia, Oracle will also expand the capacity of the Oracle Cloud Jeddah Region.

“Oracle’s investment will rapidly accelerate the cloud transformation across Saudi Arabia’s business and public sector,”, “Oracle Cloud delivers pioneering innovation in technologies like AI, Machine Learning, and IoT, and it will help fuel the economic growth and digital transformation that is an integral part of the Saudi Vision 2030.” - Richard Smith, Executive Vice President, Technology – EMEA, Oracle

Oracle provides a broad and consistent set of cloud services across 41 commercial and government cloud regions in 22 countries on five continents to serve its growing global customer base. OCI currently operates 34 commercial regions and seven government regions, in addition to multiple dedicated and national security regions.

Read the full story at Intelligent CIO

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