American multinational tech giant Oracle announced the opening of its second public cloud region in Saudi Arabia, part of a $1.5 billion investment to bolster the Kingdom’s digital infrastructure.
The new Riyadh cloud region will help public and private sector organizations migrate all workloads to Oracle Cloud Infrastructure (OCI), the company said.
Modernizing Companies
The OCI will provide companies with access to various cloud services to modernize their applications and innovate with data and AI.
Center3 is the host partner for the new Oracle Cloud Riyadh region, according to the company statement.
Nevertheless, this new OCI is part of Oracle’s cloud strategy and the company’s $1.5 billion investment to expand cloud infrastructure capabilities in Saudi Arabia.
Moreover, it also aims to boost Saudi Arabia’s AI economy, which is expected to reach $135.2 billion by 2030.
Oracle’s first cloud region in Saudi Arabia is in Jeddah, with a third one planned for NEOM.
Efforts to Boost Digital Economy
“Oracle’s new cloud region in Riyadh reflects the Kingdom’s efforts to boost the digital economy based on modern technologies,” Vice Minister of the Ministry of Communications and Information Technology, Haytham Alohali, said.
Alohali explained: “This will enable international and local companies to achieve innovation and promote AI and cloud computing, enhancing the Kingdom’s competitiveness.”
Low-Latency Access to Cloud Services
However, the company explained that users in Saudi Arabia are now part of a global network, gaining low-latency access to cloud services, and can fully utilize the benefits of cloud services
Global & Regional Tech Hub
Moreover, in January 2023, Saudi Minister of Communications and Information Technology, H.E. Eng. Abdullah Bin Amer Al-Swaha, said that the Kingdom has become a global and regional tech hub under Saudi Vision 2030, driven by HRH Crown Prince Mohammed bin Salman.
