Science, Engineering Exhibition Sheds Light on Saudi Innovations

A training camp for the Saudi National Science and Engineering Team in Riyadh. (Asharq Al-Awsat)
A training camp for the Saudi National Science and Engineering Team in Riyadh. (Asharq Al-Awsat)
TT

Science, Engineering Exhibition Sheds Light on Saudi Innovations

A training camp for the Saudi National Science and Engineering Team in Riyadh. (Asharq Al-Awsat)
A training camp for the Saudi National Science and Engineering Team in Riyadh. (Asharq Al-Awsat)

The Regeneron International Science and Engineering Fair (ISEF) has showcased the innovative ideas of 30 Saudi students.

ISEF 2021 is being held virtually in the US, with the participation of over 1,800 students from around the world showcasing their projects at the science fair.

King Abdul Aziz and His Companions Foundation for Giftedness and Creativity (Mawhiba) announced its sponsorship of the innovations in the energy field at ISEF 2021.

Saudi Arabia first participated in ISEF in 2007 and has since then won 48 major and 27 special prizes. In 2020, the Kingdom received eight prizes, including five major and three special prizes.

Saudi Minister of Energy Prince Abdulaziz bin Salman is set to meet virtually with a number of students from around the world that are taking part in this year’s edition.

In a statement, Mawhiba announced that it will present major prizes and sponsorships for the top four projects in the field of energy.

The foundation will also offer a number of special awards in the fields of science, technology, engineering, and mathematics (STEM), including 12 grants and 12 cash prizes.

The statement explained that the foundation’s sponsorship of ISEF’s energy field stems from Vision 2030 and its awareness of the important role Saudi Arabia plays as a major source of energy, and its efforts to continue sustainable development by preserving energy sources.

Mawhiba stated that the awards it offers to international talents at the ISEF 2021 exhibition reflect its vision and mission to make innovation a sustainable way to invest in human capabilities.

There is an increasing trend towards the production of more renewable energy, which is expected to account for 40 percent of the planet's energy by 2040, according to Mawhiba.

The Mawhiba Foundation has offered 79 special awards, totaling $269,000, for 97 international students at the ISEF over the past ten years.



Oracle to Invest $6.5 Bn in Malaysian Cloud Services Region

(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)
(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)
TT

Oracle to Invest $6.5 Bn in Malaysian Cloud Services Region

(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)
(FILES) US multinational computer technology company Oracle's logo is pictured at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. (Photo by PAU BARRENA / AFP)

Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centers in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia.

The firm said the cloud region would help organizations in the country modernize their applications, migrate their workload to the cloud and innovate with data, analytics and artificial intelligence.

Oracle is working to expand its cloud infrastructure business globally. The company recently projected it will surpass $100 billion in revenue in fiscal 2029, driven by increasing demand for cloud services.

Malaysia's new cloud region will be the firm's third in Southeast Asia, following two facilities in neighboring Singapore.

"Malaysia offers unique growth opportunities for organizations looking to accelerate their expansion with the latest digital technologies," Garrett Ilg, Oracle's executive vice president for Japan and Asia Pacific, said in a statement.

"Our multi-billion-dollar investment affirms our commitment to Malaysia as a regional gateway for cloud infrastructure as well as a comprehensive suite of software as a service applications deployed within Malaysia."

The statement also quoted Malaysia's Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz as welcoming the investment, saying it would help firms with innovative and cutting-edge AI and cloud technologies to boost their global competitiveness.

"Oracle's decision to establish a public cloud region in Malaysia underscores Malaysia's infrastructure readiness, and its growing position as a premier Southeast Asian destination for digital investments," he added.

Oracle is the latest global tech giant to announce major digital investments in Southeast Asia. Google-parent Alphabet said in May it would invest $2 billion to house the firm's first data center in Malaysia.

Google on Monday said it plans to invest $1 billion to build digital infrastructure in Thailand, including a new data center.

Amazon and Microsoft have also announced investments worth billions of dollars in the region as demand for AI hots up.

Malaysian Prime Minister Anwar Ibrahim on Tuesday announced that the country plans to develop a National Cloud Policy.