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Oracle invests $1bn in Spain to expand cloud services

The publicly-trade company said it is dedicated to offering an independent EU Sovereign Cloud with a Madrid region, aimed at aiding public and private sector clients in transferring sensitive, regulated, or strategically crucial data and applications to the cloud.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

June 27, 2024 | 12:20 PM BST

Oracle invests $1bn in Spain to expand cloud services

José Luis Escrivá, minister for digital transformation and public administration, Government of Spain

The Tech Capital

Public cloud giant Oracle (NYSE: ORCL) has unveiled plans to invest US$1 billion over 10 years in opening a third cloud region in Madrid, Spain.

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João Marques Lima

Founder and Editor, The Tech Capital

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