The new hub will provide a platform for Oracle customers, partners and other investors, offering a clearer understanding of emerging technologies.
Leading tech company Oracle has announced the launch of its first technology and innovation hub in Saudi Arabia aimed at promoting the development of artificial intelligence, IoT and other emerging technologies within the nation.
The new office in Riyadh was officially opened this week by the Vice Minister at the Ministry of Telecommunications and IT who explained that the hub would represent one of several innovation labs planned to drive digital transformation across Saudi Arabia. The minister referred to the plans as a vital part of the kingdom’s 2030 vision to diversify the economy. The diversification plans show a strong emphasis on digital technology as a key driver of enhancing growth and development within the kingdom. The minister refers to data as the new oil and with continued economic changes, Saudi Arabia is progressing its technology plans to maintain the pace.
The hub will also provide a vital knowledge platform for Oracle customers, partners and stakeholders and provide further innovation with regional companies. Abdul Rahman Al-Thehaiban, the senior vice president for technology in the region at Oracle emphasised that digital transformation was a central piece of new government plans. Al-Thehaiban explains that businesses in Saudi Arabia now really understand the importance of embracing digital technology. He suggests that the innovation hub will promote awareness for key stakeholders, encourage further innovation and support skills development for the next wave of leaders in Saudi Arabia.
Oracle has been active in Saudi Arabia for over 30 years and works with clients and partners such as Saudi Telecom Company, Riyadh Metro and Fitaihi Holding Group.