Oracle has announced the launch of a new $1.5 billion cloud region in Riyadh, marking a significant investment in Saudi Arabia’s digital infrastructure. This move aligns with the Kingdom’s Vision 2030 initiative, which seeks to diversify the economy and position Saudi Arabia as a leading hub for technology and innovation.
Details of the Cloud Region
The newly unveiled cloud region will provide advanced cloud services and solutions to businesses and government entities across Saudi Arabia and the broader Middle East. Oracle's investment aims to enhance digital transformation, drive innovation, and support the Kingdom’s efforts to modernize its IT infrastructure.
The cloud region will offer a range of services, including high-performance computing, data storage, and enterprise applications. It is expected to support various sectors, including finance, healthcare, and education, by providing scalable and secure cloud solutions.
Impact on Saudi Arabia’s Vision 2030
The establishment of Oracle's cloud region is a key milestone in advancing Saudi Arabia’s Vision 2030 goals. By boosting the local tech ecosystem, Oracle is contributing to the Kingdom’s efforts to become a global leader in digital technology. The new cloud region is anticipated.