Al-Swaha, Leaders of Major Global Technology Companies Discuss Partnerships

Al-Swaha met with executives from Meta, Qualcomm, ServiceNow, Bhartinews, and Builder.ai in Davos. SPA
Al-Swaha met with executives from Meta, Qualcomm, ServiceNow, Bhartinews, and Builder.ai in Davos. SPA
TT

Al-Swaha, Leaders of Major Global Technology Companies Discuss Partnerships

Al-Swaha met with executives from Meta, Qualcomm, ServiceNow, Bhartinews, and Builder.ai in Davos. SPA
Al-Swaha met with executives from Meta, Qualcomm, ServiceNow, Bhartinews, and Builder.ai in Davos. SPA

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha held several meetings in Davos with leaders of major international technology companies to discuss the expansion of their projects and innovative solutions in the Kingdom.

The meetings came as part of the Kingdom's participation in the annual meeting of the World Economic Forum in Davos, Switzerland.

Al-Swaha met with executives from Meta, Qualcomm, ServiceNow, Bhartinews, and Builder.ai.

Al-Swaha also held talks with Japanese Minister of Digital Transformation Taro Kano.

The ministers discussed strengthening the strategic partnership between the two friendly countries, joint initiatives, and ways to deepen cooperation in the areas of supporting the growth of the digital economy, innovation, digital entrepreneurship, and encouraging technical investments.

They also discussed the possibility of establishing joint programs to exchange expertise, support government digital transformation, and harness emerging technologies to support the digital economy.

Al-Swaha met separately with Indian Minister for Railways, Communications, and Electronics & Information Technology Ashwini Vaishnaw.
They discussed the progress made in digital and innovative initiatives within the Saudi-Indian Strategic Partnership Council, aimed at supporting the growth of the digital economy and stimulating innovation and entrepreneurship between the two countries.



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.