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Saudi Arabia: Oracle launches new cloud region to boost AI economy

by CXO Staff
August 6, 2024
in Future, News, Tech

New public cloud region in Riyadh is part of Oracle's $1.5 billion investment in Saudi Arabia to support Vision 2030

Oracle Strengthens Saudi Arabia’s AI Economy with Opening of Second Public Cloud Region

Oracle has announced the launch of its second public cloud region in Saudi Arabia, located in Riyadh. The move is part of Oracle’s $1.5 billion investment in the Kingdom, aims to support public and private sector organizations in migrating workloads to Oracle Cloud Infrastructure (OCI).

Center3 will host the new region, enhancing access to a broad array of cloud services, enabling application modernisation, and driving innovation with data, analytics, and AI.

The new Riyadh cloud region joins Oracle’s existing Jeddah region and the planned NEOM region, reinforcing Oracle’s commitment to expanding its cloud footprint in Saudi Arabia. His Excellency Eng. Haytham Alohali, vice minister of the Ministry of Communications and Information Technology, emphasized that this initiative aligns with the Kingdom’s efforts to bolster its digital economy through advanced technologies and innovation.

He said: “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, which enhances Saudi Arabia’s competitiveness at the regional and international level.”

Richard Smith, Oracle’s executive vice president for EMEA Cloud Infrastructure, highlighted the company’s dedication to helping Saudi Arabia develop a robust digital economy. “As part of our wider investment in cloud capabilities in Saudi Arabia, the Oracle Cloud Riyadh Region will help accelerate adoption of cloud and AI technologies to boost innovation across all sectors of the Saudi economy, while helping organizations addressing local data hosting requirements,” he said.

Oracle’s cloud architecture, known for its scalability and resilience, will enable the rapid deployment of public cloud regions while maintaining consistent performance and global pricing. This expansion is expected to play a pivotal role in advancing Saudi Arabia’s AI economy, projected to reach $135.2 billion by 2030, and enhance the country’s regional and international competitiveness.

Tags: featuredOracleRiyadh Cloud RegionSaudi Arabia
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