Google Cloud Expects to Contribute $110 Billion to Saudi Economy

Startups and large enterprises can exploit Google Cloud's capabilities to develop innovative solutions and keep up with the latest technologies. (Shutterstock)
Startups and large enterprises can exploit Google Cloud's capabilities to develop innovative solutions and keep up with the latest technologies. (Shutterstock)
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Google Cloud Expects to Contribute $110 Billion to Saudi Economy

Startups and large enterprises can exploit Google Cloud's capabilities to develop innovative solutions and keep up with the latest technologies. (Shutterstock)
Startups and large enterprises can exploit Google Cloud's capabilities to develop innovative solutions and keep up with the latest technologies. (Shutterstock)

Google Cloud, the cloud computing arm of the technology giant Google, expects to contribute about $110 billion to the Saudi economy over the next seven years.

Abdul Rahman Al-Thehaiban, General Manager of Google Cloud in the Middle East, Türkiye and Africa, said the recent establishment of three cloud zones in Dammam, Doha and South Africa embodies Google Cloud’s dedication to strengthening its infrastructure to better serve the diverse needs of the region.

In an interview with Asharq Al-Awsat on the sidelines of LEAP, the international tech event, which was held in Riyadh on March 4-7, Al-Thehaiban noted that the establishment of the three cloud zones “not only indicates a major investment in the future of the digital landscape in the region, but also makes us a pivotal player” in the technological revolution sweeping these markets.

He added that Google Cloud’s approach was based on three basic pillars: infrastructure development, ecosystem partnership, and capacity building.

Badr Al-Madi, General Manager of Google Cloud in Saudi Arabia, pointed out that the launch of the cloud zones in November meets the needs of 1.2 million small and medium enterprises in the Kingdom, highlighting the importance of this achievement for the technology giant.

Regarding the broader economic impact of Google Cloud’s operations in Saudi Arabia, Al-Madi expects a contribution of about $110 billion to the local economy over the next seven years.

This contribution is likely to be driven by changes in business models and the creation of about 150,000 job opportunities, “which confirms the role of Google Cloud in supporting not only the digital landscape but also the general economy in the region,” he underlined.

Google Cloud is working to expand its internal team and launch centers of excellence that are designed to “raise the level of skills and ensure that the local workforce is equipped to benefit from Google Cloud technologies effectively,” according to Al-Thehabian, who emphasized the importance of these initiatives in supporting the digital transformation journey in the region.

Al-Madi believes that launching the cloud zone in November 2023 is consistent with the goals of Saudi Vision 2030, which seeks to enhance the contribution of small and medium-sized companies to the GDP and stimulate economic growth.



Putin, Al-Sudani Discuss OPEC+ Coordination on Oil Price Stability

Russian President Vladimir Putin
Russian President Vladimir Putin
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Putin, Al-Sudani Discuss OPEC+ Coordination on Oil Price Stability

Russian President Vladimir Putin
Russian President Vladimir Putin

Russian President Vladimir Putin and Iraqi Prime Minister Mohammed Shia al-Sudani on Thursday discussed the importance of coordination between OPEC and OPEC+ members on oil price stability in a manner that guarantees fair prices for exporters and consumers.

Putin held a phone call with al-Sudani during which they discussed the OPEC+ oil agreement and the situation in the Middle East, the Kremlin said.

The telephone conversation came days prior to an OPEC+ key meeting expected early next month.

Reuters said that OPEC+ may push back output increases again when it meets on Dec. 1 due to weak global oil demand, according to three OPEC+ sources familiar with the discussions. Ministers last shelved the increase for a month when they met virtually on Nov. 3.

In a statement, the Kremlin on Thursday said Putin and Al-Sudani touched upon various aspects of coordination as part of OPEC+, a format that helps maintain stability in the global oil market, and reaffirmed the importance of continuing to coordinate steps in this format.

The Middle East issues were also mentioned in light of the unprecedented escalation of tensions in the region, it added.

The parties also agreed on further contacts at various levels, the statement said.

Later, Al-Sudani’s office said the phone call touched on energy-related matters, highlighting the importance of coordination among all concerned countries within OPEC and the OPEC+ group to stabilize oil and gas prices, ensuring fair pricing for both producers and consumers.