Oracle on Monday said it is planning to invest $1.5 billion in Saudi Arabia to boost its cloud computing capability in the Middle East.The prepared investment, which becomes part of Oracle’s memorandum of comprehending with Saudi Arabia Ministry of Communications and Infotech, will see the public cloud services provider broaden its existing cloud region in Jeddah, and open a brand-new one in Riyadh. In addition to the Riyadh area, Oracle will work with the ministry to set up a commercial and functional model for another cloud area in Saudi Arabia that adheres to Saudi government requirements and regional information residency regulations.The business likewise prepares to set up a separate cloud area in the futuristic city of Neom.Neom is being developed as part of Saudi Vision 2030 program that has been prepared to decrease Saudi Arabia’s reliance on oil and diversify its economy. Oracle had very first announced its intent to open 14 new cloud areas including those in Saudi Arabia in October 2021. Other Middle East areas revealed during that time included a new area in Jerusalem and a 2nd area in Abu Dhabi. With the addition of the Riyadh area, the business will have six cloud areas in the Middle East, Oracle said.Cloud players bullish on the Middle East Oracle rivals such as Amazon Web Services, Microsoft and Google Cloud have actually also been bullish on the Middle East, with each of them rapidly expanding their cloud footprint throughout the area. In August in 2015, AWS had actually opened its brand-new cloud area in the UAE. The UAE region, which includes three availability zones, signed up with the business’s existing cloud area in Bahrain, which was offered in 2019.
The Bahrain cloud region is composed of 3 schedule zones and one regional region.AWS also has strategies to include a brand-new area in Israel.Microsoft too made its Qatar cloud area operational in August in 2015 after opening regions in Abu Dhabi and Dubai in 2019. Microsoft is likewise planning to launch a new cloud area in Israel soon.Similarly, Google Cloud, has actually revealed strategies to release 2 regions
each with three zones in Dammam (Saudi Arabia) and Doha
(Qatar). It currently runs one area with three zones in Tel Aviv. Copyright © 2023 IDG Communications, Inc. Source
