Trump's Saudi visit: Oracle pledges $14bn investment in Saudi Arabia
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US tech giant Oracle said on Tuesday it will invest $14bn in Saudi Arabia over the next decade, reaffirming its support for the kingdom's Vision 2030 economic diversification plan.
The investment aims to bring Oracle's latest cloud computing and artificial intelligence technologies to the Gulf nation, with the company saying the move will support innovation, economic growth, and improved public services in Saudi Arabia.
'Thanks to the decisive actions and strong leadership of President Trump and his administration, Oracle is providing the world's most advanced cloud and AI technology to Saudi Arabia,' said Safra Catz, CEO of Oracle.
Oracle committed to supporting US-Saudi ties
The announcement comes as Saudi Arabia pushes forward with its ambitious Vision 2030 strategy, a multi-sector reform plan aimed at reducing the kingdom's dependence on oil and positioning it as a regional hub for technology and innovation.
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