Oracle Announces $14 Billion Investment in Saudi Arabia, Expanding Cloud and AI Partnership

Reuters

05-13

Oracle Announces $14 Billion Investment in Saudi Arabia, Expanding Cloud and AI Partnership

Oracle Corporation has announced a significant investment of $14 billion in Saudi Arabia over the next decade. This initiative aligns with the Kingdom's Vision 2030, aiming to enhance economic growth and innovation through advanced cloud and AI technology. Oracle's CEO, Safra Catz, highlighted that this partnership, bolstered by the support of President Trump's administration, is set to improve the lives of Saudi citizens, strengthen national security, and deepen ties with the United States. The investment is expected to create new economic opportunities and contribute to regional peace and prosperity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oracle Corporation published the original content used to generate this news brief on May 13, 2025, and is solely responsible for the information contained therein.

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