Saudi Communications Minister Meets with ITU Secretary-General, Global Tech Leaders

The discussions in Davos focused on stimulating partnerships and initiatives aimed at connecting the world and the importance of seizing opportunities in generative artificial intelligence. SPA
The discussions in Davos focused on stimulating partnerships and initiatives aimed at connecting the world and the importance of seizing opportunities in generative artificial intelligence. SPA
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Saudi Communications Minister Meets with ITU Secretary-General, Global Tech Leaders

The discussions in Davos focused on stimulating partnerships and initiatives aimed at connecting the world and the importance of seizing opportunities in generative artificial intelligence. SPA
The discussions in Davos focused on stimulating partnerships and initiatives aimed at connecting the world and the importance of seizing opportunities in generative artificial intelligence. SPA

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha has discussed with the Secretary-General of the International Telecommunication Union (ITU), Doreen Bogdan-Martin, ways to enhance cooperation and digital inclusion.

The discussion in Davos on Monday also focused on stimulating partnerships and initiatives aimed at connecting the world, empowering individuals, and protecting the planet.

The meeting, held as part of the Saudi delegation's participation in the annual World Economic Forum meeting, emphasized the significance of expanding partnerships to foster the digital economy's growth.

It also highlighted the importance of seizing opportunities in generative artificial intelligence, developing national digital skills, and enabling digital entrepreneurship.

Al-Swaha also met with various leaders of prominent global technology and innovation companies to enhance partnerships in the digital economy and innovation sectors.

The discussions focused on developing solutions and technologies related to cloud computing, generative artificial intelligence, and enhancing the digital capabilities of Saudis in emerging technologies and localizing digital content.

Additionally, the minister conducted meetings with the founder and CEO of Scale AI, Alexander Wang and President and CEO of the Ericsson Group Borje Ekholm to explore partnerships, exchange expertise, and foster the growth of the digital economy and innovation.



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)
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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.