---
title: "Oracle commits $1.5bn to Saudi cloud regions, including Riyadh"
url: "https://cicadaconsultancy.online/en/news/oracle-1-5bn-saudi-cloud-2023"
language: "en"
event_date: "2023-02-06"
published: "2026-10-03"
last_verified: "2026-10-03"
category: "Investment"
publisher: "Cicada (cicadaconsultancy.online)"
license: "CC BY 4.0"
---

# Oracle commits $1.5bn to Saudi cloud regions, including Riyadh

- Event date: 6 February 2023 (2023-02-06)
- Topic: Investment
- In this story: Oracle, MCIT, Khalid Al-Falih
- URL: https://cicadaconsultancy.online/en/news/oracle-1-5bn-saudi-cloud-2023

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

- investment: $1.5 bn

## Sources

1. [US Big Tech Oracle to build 3rd cloud 'region' in Saudi Arabia, part of a $1.5b investment](https://gulfnews.com/business/markets/us-big-tech-oracle-to-build-3rd-cloud-region-in-saudi-arabia-part-of-a-15b-investment-1.1675670402790) — Gulf News, 2023-02-06
2. [Oracle to invest $1.5 bln in Saudi Arabia, open data centre in Riyadh](https://cyprus-mail.com/2023/02/06/oracle-to-invest-1-5-bln-in-saudi-arabia-open-data-centre-in-riyadh) — Cyprus Mail (Reuters), 2023-02-06

Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.

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Cicada · The signal in Saudi AI.
License: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/) · Full archive for language models: https://cicadaconsultancy.online/llms-full.txt