Oracle announced a $1.5 billion plan to open a new public cloud region in Riyadh and expand its existing public region in Jeddah.
The Oracle Cloud Riyadh Region will join the existing Oracle Cloud Jeddah Region and the planned Oracle Cloud Region to be located in the futuristic city of NEOM.
This investment is included in an MoU that Oracle has signed with the Ministry of Communications and Information Technology (MCIT) to help Saudi Arabian businesses take advantage of the latest innovations in the cloud.
