SAP to invest $285m in cloud services hub in Saudi Arabia

By Davis Thattil | Jul 04, 2017
Germany-based SAP has signed a memorandum of understanding (MoU) to invest $285m over a period of four years in building a cloud services hub in Saudi Arabia. The hub will comprise a public cloud data center, a platform for local software developers, a co-innovation center to support Saudi start-ups and customers, and a facility dedicated to the localization of SAP’s software and services.

“Saudi’s public and private sector organizations need to adopt the latest technology innovations to enable new digital business models and enhance the kingdom’s economic competitiveness,” Deema al-Yahya, acting head of Saudi Arabia’s National Digitization Office, said in statement. SAP’s cloud hub will be eventually integrated into the National Digitization Office’s planned government cloud.

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