FILE PHOTO: The Oracle logo is shown on an office building in Irvine, California, U.S. June 28, 2018. REUTERS/Mike Blake/File Photo
(Reuters) - Oracle Corp plans to invest $1.5 billion in Saudi Arabia in the coming years as it builds up its cloud footprint in the kingdom and opens its third public cloud region in Riyadh, a company official said.
Increased demand for cloud computing has pushed technology companies such as Oracle, Microsoft, Amazon and Alphabet's Google to set up data centres across the world to speed up data transfer.
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