Oracle is set to open its third cloud region in Spain as part of a $1 billion investment plan. The new public cloud region will cater to all industries in Spain, with a focus on the financial services sector. Telefónica Spain will be the host partner for this initiative.
This expansion aims to allow customers to migrate their mission-critical workloads to Oracle Cloud Infrastructure (OCI) while complying with regulations such as DORA and the European Outsourcing Guidelines. The Madrid region is expected to receive significant investments from the cloud industry, helping to boost the digital economy and create jobs.
Oracle already operates an EU sovereign cloud region in Madrid, serving clients with sensitive data and applications. The new Madrid region will offer low-latency access to cloud services and disaster recovery capabilities, benefiting the financial services industry.
Oracle’s investment in Spain aligns with the growing trend of major cloud providers expanding in the country. Microsoft and AWS have also announced significant investments in AI and cloud infrastructure in Spain, with a focus on renewable energy sources.
Overall, Oracle’s expansion in Spain highlights the increasing importance of cloud technologies for organizations of all sizes and industries. With a commitment to driving business performance and resilience, Oracle aims to help Spanish businesses accelerate their adoption of cloud technologies.
Article Source
https://www.itpro.com/cloud/cloud-computing/oracle-expands-spanish-cloud-offerings-with-dollar1-billion-investment