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Oracle to invest $1.5B in Saudi Arabia to open public cloud region

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Oracle says it plans to open a third public cloud region in Saudi Arabia. Located in Riyadh, the new region will be part of a planned $1.5 billion investment to expand cloud infrastructure capabilities.

The investment is part of an MoU Oracle signed with the Ministry of Communications and Information Technology (MCIT), during the company’s chief executive Safra Catz’s visit to Riyadh.

As part of the MoU, Oracle will also work to establish a commercial and operational model for an additional cloud region in Saudi Arabia, says the company.

[Image courtesy: Oracle]

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