Oracle to Invest More Than 1 Billion USD in AI and Cloud Computing in Spain
To meet the rapidly growing demand for its AI and cloud services in Spain, Oracle today announced plans to invest more than one billion USD to open a third cloud region in Madrid and drive AI skills development across the country. The new public cloud region will enable Oracle customers and partners across all industries in Spain, including its prominent financial services sector, to migrate mission-critical workloads from their data centers to Oracle Cloud Infrastructure (OCI) while helping them address regulations like the Digital Operational Resilience Act (DORA) and the European Outsourcing Guidelines (EBA, EIOPA, ESMA). Telefonica España will be the host partner for the planned cloud region.
“It is great news that major technology multinationals such as Oracle are announcing this level of investment in the Region of Madrid,” said Miguel López-Valverde, councilor for digitalization, Government of the Region of Madrid. “We are convinced of the importance of public-private collaboration in this area, and of facilitating the development of cloud infrastructure in our region. Over the next three years, the region of Madrid is expected to receive investments of more than six billion Euros from the cloud industry, which is critical to helping us build a digital economy capable of creating high-quality jobs, attracting investment, and retaining talent.”
Oracle also offers a separate EU Sovereign Cloud with one region in Madrid to help public and private sector customers with data and applications that are sensitive, regulated, or of strategic regional importance, move to the cloud. The Oracle EU Sovereign Cloud in Madrid is operated by EU-based personnel and supports workloads that fall under EU guidelines and requirements for sovereignty and data privacy.
“With our plans to invest an additional $1B in Spain over the next 10 years, we are reaffirming our commitment to helping Spanish organizations of all sizes and industries."
Albert Triola,
Country Leader,
Oracle Spain
“Spanish enterprises and public sector organizations are rapidly embracing 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 sectors such as financial services,” said Albert Triola, country leader, Oracle Spain. “With our plans to invest an additional $1B in Spain over the next 10 years, we are reaffirming our commitment to helping Spanish organizations of all sizes and industries—including those across Spain’s small and medium-sized enterprises and the financial services industry—accelerate their adoption of cloud technologies to boost business performance and resilience.”
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