Oracle to invest $1.5bn in Saudi Arabia to meet growing cloud computing demand – The National
- Date: 08-Feb-2023
- Source: The National
- Sector:Technology
- Country:Saudi Arabia
Oracle to invest $1.5bn in Saudi Arabia to meet growing cloud computing demand – The National
US technology company Oracle plans to invest $1.5 billion in Saudi Arabia to boost the cloud computing capacity of the Arab world’s biggest economy.
On Monday, the Texas company said the new investment will be used to open a new cloud region in Riyadh and enhance its presence in the kingdom to meet the region's growing demand.
Riyadh Cloud Region, as its complex is known, will be Oracle’s third in the kingdom. In July 2020, Oracle opened its first cloud region in the Middle East, in Jeddah.
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