By ET Bureau - February 07, 2023 1 Mins Read
Oracle Corporation has announced its intention to invest USD 1.5 billion in Saudi Arabia over the next few years to build out its cloud data center infrastructure, including a third public cloud region in the country’s capital, Riyadh.
Microsoft Corp. also pledged to increase its investments in Saudi Arabia at the same time. The company did not specify how much it intended to invest, but according to Reuters, it will invest USD 2.1 billion over the coming few years. Technology behemoths like Oracle, Microsoft, Amazon Web Services Inc., and Google LLC have invested billions of dollars to build data centers in key locations around the world in response to the rising demand for cloud computing resources.
They can provide their major clients with better services and faster data transfer times by constructing their cloud infrastructure close to where they are physically located.
Read More: Oracle and Microsoft to spend billions to expand cloud footprint in Saudi Arabia
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