Oracle to open third cloud region in Spain to boost AI

It will invest over 930 million euros to respond to demand from the industrial and financial sectors.

Oracle has announced the upcoming opening of a third cloud region in Spain. Located in Madrid, it will help the company to boost the development of AI skills across the country, responding to customer demand for both services. The investment for the implementation of the required infrastructure has been set at over $1 billion (around 930 million euros) over the next ten years.

The new region will serve customers across all industries, including financial services, which require the option to migrate mission-critical workloads and address stringent security regulations. It will also help other key industries to increase resilience and implement integrated Oracle Cloud Infrastructure (OCI) performance and security.

Host partner
Telefónica Spain will act as a host partner for the third cloud region. Organisations in the public and private sectors will be able to use it to migrate all types of workloads to the cloud, modernise their applications and innovate with data, analytics and artificial intelligence. In parallel, Oracle also offers an EU sovereign cloud for customers handling sensitive, regulated or regionally strategic data and applications.

OCI's cloud architecture enables Oracle to deploy focused cloud regions with hyperscale cloud services inside its customers' data centres and to scale as needed. This approach helps meet the needs of different countries and markets without compromising cloud capabilities.

Latest digital technologies
Oracle Spain Country Leader Albert Triola explained, "Spanish businesses and public sector organisations are rapidly implementing the cloud to gain access to the latest digital technologies, such as AI, and the upcoming public cloud in Madrid will help them address data residency requirements, as well as regulations in key industries such as financial services."

With the plan, which calls for $1 billion to be invested in Spain over the next ten years, Triola said, "We are reaffirming our commitment to help Spanish organisations of all sizes and industries, including Spain's small and medium-sized enterprises and the financial services industry, and to accelerate their implementation of cloud technologies to drive business performance and resilience".

 For his part, the Minister for Digital Transformation and Public Administration, José Luis Escrivá, described the opening of the third cloud region as "excellent news", and added, Oracle's announced investment is a major boost that will help Spanish businesses and public sector organisations innovate with AI and continue to move forward on the path to digital transformation.

Photo: Oracle