U.S. tech giant Oracle has announced plans to invest $14 billion in Saudi Arabia over the next ten years, marking a major expansion of its cloud and AI infrastructure across the Kingdom.
The investment of $14 billion over the next 10 years will bring the world’s best cloud and AI technology to the Kingdom, empowering greater innovation and economic advancement. The partnership will help improve the lives of the Saudi people, while bringing greater security and intelligence to the Kingdom, strengthening its sovereignty and deepening its alliance with the United States.
“Thanks to the decisive actions and strong leadership of President Trump and his administration, Oracle is providing the world’s most advanced cloud and AI technology to Saudi Arabia,” said Safra Catz, CEO, Oracle. “Our expanded partnership with the Kingdom will create new opportunities for its economy, deliver better health outcomes for its people, and fortify its alliance with the United States, which will create a ripple effect of peace and prosperity across the Middle East and around the world.”
