Oracle announces $1bn investment for third cloud region in Madrid
Oracle has revealed plans to invest over US $1 billion in establishing a third cloud region in Madrid, Spain, aiming to meet the burgeoning demand for AI and cloud services across the country. This significant investment will support the migration of mission-critical workloads from data centers to Oracle Cloud Infrastructure (OCI), addressing stringent regulatory requirements such as the Digital Operational Resilience Act (DORA) and European Outsourcing Guidelines.
Telefonica España will host this new cloud region, enhancing Oracle’s existing infrastructure and enabling the provision of over 100 cloud services in dedicated, public, and hybrid environments. This partnership is poised to offer low-latency access to cloud services, crucial for businesses operating in critical sectors like financial services.
The Spanish government has welcomed Oracle’s investment, recognizing its potential to propel the country’s digital transformation. José Luis Escrivá, the Spanish minister for digital transformation and public administration, highlighted that the initiative would significantly boost innovation in AI and digital technologies across Spanish enterprises and public sector organizations.
Oracle’s new $1 billion investment in a third cloud region in Madrid will transform digital services across Spain, enhancing innovation and compliance.
Miguel López-Valverde, councillor for digitalization of the Government of the Region of Madrid, also noted the importance of such investments in developing the digital economy and creating high-quality jobs.
Oracle’s expansion in Spain not only includes the new cloud region but also a separate EU Sovereign Cloud in Madrid, which caters to the specific needs of public and private sector customers dealing with sensitive, regulated data. Albert Triola, country leader of Oracle Spain, emphasized that the additional investment reaffirms Oracle’s commitment to accelerating cloud technology adoption across all sectors, including small and medium-sized enterprises.
Leaders from major Spanish companies like Telefónica España, Banco Sabadell, and Naturgy have expressed strong support for Oracle’s expansion. They anticipate significant enhancements in their operational agility, security, and compliance capabilities due to closer proximity to cloud services and state-of-the-art AI solutions.
Oracle’s investment is expected to play a crucial role in meeting the growing needs for digital transformation in Spain, providing robust and scalable cloud solutions that will help businesses innovate and compete on a global scale.