Oracle has announced a significant investment of $1 billion in Spain to establish its third cloud region in Madrid. This decision is aimed at meeting the rising demand for AI and cloud services in the country while promoting the development of AI skills across Spain. By partnering with Telefónica Spain as its host partner, Oracle plans to enable customers, including those in the financial services sector, to transition their critical workloads to Oracle Cloud Infrastructure (OCI) once the region is operational. This move will facilitate compliance with regulations like the Digital Operational Resilience Act (DORA) and European Outsourcing Guidelines.
José Luis Escrivá, Minister of Digital Transformation and Public Administration of the Government of Spain, praised Oracle’s investment, stating that it will benefit Spanish companies and public sector organizations by fostering innovation with AI and advancing digital transformation. Clients migrating to OCI will gain access to a variety of services previously unavailable to them, such as Oracle Autonomous DatabaseMySQL HeatWave Database Service, Oracle Container Engine for Kubernetes, and OCI AI Infrastructure.
Regarding regulatory compliance in the financial sector, Oracle has developed solutions that address DORA requirements and other industry regulations. Banco Sabadell has utilized Oracle’s services to adhere to local regulatory standards, with its director of technological services, Enrique Rodríguez, highlighting the potential for new technology adoption such as AI in various business areas with Oracle’s cloud region in Spain.
Oracle’s investment follows Amazon’s significant investment in AWS in the Aragon region, with a focus on creating jobs in local companies. This move underscores the growing importance of cloud services and AI capabilities in the Spanish market, indicating a trend towards digital transformation across various sectors. Oracle’s commitment to establishing a cloud region in Madrid reflects its strategy to support the country’s technological advancements and drive innovation in cloud computing. The investment in Spain is part of Oracle’s broader plan to expand its cloud infrastructure globally and deliver cutting-edge services to its customers.
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