{"publisher":"Cicada (cicadaconsultancy.online)","license":"https://creativecommons.org/licenses/by/4.0/","attribution":"Cite as: Cicada (cicadaconsultancy.online)","docs":"https://cicadaconsultancy.online/llms.txt","item":{"id":"oracle-1-5bn-saudi-cloud-2023","event_date":"2023-02-06","published":"2026-10-03","category":"investment","importance":2,"title":{"en":"Oracle commits $1.5bn to Saudi cloud regions, including Riyadh","ar":"أوراكل تلتزم باستثمار 1.5 مليار دولار في مناطق سحابية سعودية، منها الرياض"},"summary":{"en":"Oracle signed a memorandum with Saudi Arabia's Ministry of Communications and Information Technology to invest $1.5 billion in the Kingdom, adding a Riyadh public cloud region to its Jeddah region and a planned NEOM region. Investment Minister Khalid Al-Falih said the Kingdom is building the digital infrastructure that will underpin future economies. IDC data cited at the time showed 73 percent of Saudi CIOs willing to move critical applications to the public cloud if data stayed in the country. The Riyadh region went live in 2024.","ar":"وقّعت أوراكل مذكرة مع وزارة الاتصالات وتقنية المعلومات السعودية للاستثمار بقيمة 1.5 مليار دولار في المملكة، بإضافة منطقة سحابة عامة في الرياض إلى منطقتها في جدة، ومنطقة مخططة في نيوم. وقال وزير الاستثمار خالد الفالح إن المملكة تبني البنية الرقمية التي ستدعم اقتصادات المستقبل. وأظهرت بيانات «آي دي سي» حينها أن 73 في المائة من مديري تقنية المعلومات في السعودية مستعدون لنقل التطبيقات الحرجة إلى السحابة العامة إذا بقيت البيانات داخل البلاد. وبدأ تشغيل منطقة الرياض عام 2024."},"entities":["Oracle","MCIT","Khalid Al-Falih"],"figures":[{"label":"investment","label_ar":"الاستثمار","value":1.5,"unit":"USD bn"}],"sources":[{"url":"https://gulfnews.com/business/markets/us-big-tech-oracle-to-build-3rd-cloud-region-in-saudi-arabia-part-of-a-15b-investment-1.1675670402790","publisher":"Gulf News","title":"US Big Tech Oracle to build 3rd cloud 'region' in Saudi Arabia, part of a $1.5b investment","published":"2023-02-06"},{"url":"https://cyprus-mail.com/2023/02/06/oracle-to-invest-1-5-bln-in-saudi-arabia-open-data-centre-in-riyadh","publisher":"Cyprus Mail (Reuters)","title":"Oracle to invest $1.5 bln in Saudi Arabia, open data centre in Riyadh","published":"2023-02-06"}],"verification":"verified","urls":{"en":"https://cicadaconsultancy.online/en/news/oracle-1-5bn-saudi-cloud-2023","ar":"https://cicadaconsultancy.online/ar/news/oracle-1-5bn-saudi-cloud-2023","markdown_en":"https://cicadaconsultancy.online/en/news/oracle-1-5bn-saudi-cloud-2023.md","markdown_ar":"https://cicadaconsultancy.online/ar/news/oracle-1-5bn-saudi-cloud-2023.md"},"image":"https://cicadaconsultancy.online/images/articles/oracle-1-5bn-saudi-cloud-2023.jpg"}}