Oracle commits $1.5bn to Saudi cloud regions, including Riyadh
By Cicada DeskEvent date: 1 min read
Added to the archive: Last verified:
In brief
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.
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.
Key figures
- $1.5bninvestment
Sources
This report is compiled from the sources below. Cicada links to every source we rely on.
- 1US Big Tech Oracle to build 3rd cloud 'region' in Saudi Arabia, part of a $1.5b investment Gulf News · 6 Feb 2023
- 2Oracle to invest $1.5 bln in Saudi Arabia, open data centre in Riyadh Cyprus Mail (Reuters) · 6 Feb 2023
Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "Oracle commits $1.5bn to Saudi cloud regions, including Riyadh". Cicada, 6 February 2023. https://cicadaconsultancy.online/en/news/oracle-1-5bn-saudi-cloud-2023
Free to quote and reuse with attribution under CC BY 4.0.
