Strong cloud demand drives Saudi investment expansion: Oracle’s Reham Almusa

Reham Almusa, General Manager of Oracle Saudi Arabia

Reham Almusa, Managing Director and Vice President of Business Applications at Oracle Saudi Arabia, said growing demand from government and private sectors in the Kingdom for cloud solutions, alongside digital transformation and unprecedented global economic development, has driven the company to strengthen its presence and expand investments.

In an interview with Argaam, Almusa said Oracle has committed to investing around $14 billion (SAR 53 billion), over the next 10 years to meet the needs of the Saudi market.

She explained that Oracle began operations in the Kingdom more than 30 years ago and was among the first providers of cloud computing services.

Oracle launched its first hyperscale cloud region in Jeddah in 2020, followed by another cloud region in Riyadh, to meet rising demand from both government and private-sector clients.

Almusa added that Oracle recently announced an additional investment in sovereign cloud infrastructure through a partnership with stc via the Alloy platform, in response to accelerating demand for Oracle cloud solutions, including cloud infrastructure and applications.

She noted that key entities adopting Oracle cloud solutions in Saudi Arabia include the Public Investment Fund, Saudi Arabian Mining Co. (Maaden), the Ministry of Foreign Affairs, stc Group, and Salam.

The level of adoption reflects the Kingdom’s commitment to accelerating digital transformation and building an AI-driven economy, Almusa said, adding that the investments also include developing local capabilities by training and qualifying Saudi talent in artificial intelligence and cloud computing.