Public cloud spending in KSA expected to reach $138.2m in 2018, says expert

Updated 23 May 2018
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Public cloud spending in KSA expected to reach $138.2m in 2018, says expert

  • Oracle Saudi has trained 40 co-op students from more than 35 universities
  • Oracle and the Misk Foundation will explore potential collaboration opportunities to create entry-level and professional training programs

RIYADH: The International Data Corporation (IDC), a global provider of market intelligence, estimates that public cloud spending in Saudi Arabia is expected to reach $138.2 million in 2018, said Abdul Rahman Al-Thehaiban, senior vice president for tech in Middle East and Africa at Oracle.
He told Arab News the IDC estimates that Saudi Arabia will spend $11 billion on information technology in 2018.
“These are encouraging trends and a clear sign of the government’s focus toward driving cloud-led digital transformation,” he added.
“Public and private sector organizations in Saudi Arabia have initiated major digital transformation initiatives and the focus is firmly on creating a digital infrastructure that enhances the fundamental competitiveness of the Saudi economy,” said Al-Thehaiban.
He said Oracle is also expanding its footprint in the Kingdom by introducing the latest cloud solutions; creating a robust support infrastructure; and implementing a series of programs and initiatives aimed at driving digital skills among Saudi youth to prepare them for the digital economy in line with Saudi Vision 2030.
Oracle’s memorandum of understanding with the Misk Foundation has gained big attention. It focuses on developing the IT skills of young Saudi nationals to prepare them for a career in the modern digital economy.
“Under this agreement, Oracle and the Misk Foundation will explore potential collaboration opportunities to create entry-level and professional training programs; offer internships; develop training material and help develop an active community of technology professionals for the sharing of best practices,” Al-Thehaiban said.
Oracle has been present in Saudi Arabia for nearly three decades. Its long-term commitment has translated into a massive investment to help organizations of all sizes, in the public and private sectors, to achieve strategic objectives with digital transformation.
“Saudi Arabia is a priority market for Oracle and over the past year alone, it has introduced applications based on artificial intelligence (AI) for finance, human resources, supply chain, manufacturing, commerce, customer service, marketing, and sales professionals. The new Oracle Adaptive Intelligent Apps are built into the existing Oracle Cloud Applications to deliver the industry’s most powerful AI-based modern business applications.
“Oracle has been experiencing strong customer demand for its cloud services in the region, which has led us to have data center facilities in Saudi Arabia very soon. With a focus on empowering organizations to move workloads to the cloud while keeping their data on their own premises, Oracle has launched the innovative cloud for customer solutions in Saudi Arabia,” he added.
Oracle has launched several initiatives in Saudi Arabia to develop new talents and engage Saudi youth, especially women, in the labor market.
“We have different programs such as an annual cloud internship program to encourage young Saudis to undertake a career in the IT industry; a graduate workforce development program, which focuses on developing marketable competencies of students and fresh graduates; and the Oracle Cooperative Training, a program that helps students to apply their academic knowledge in a practical ‘real-life’ environment which leads to graduation,” the Oracle official said.
“Since 2013, Oracle Saudi has trained 40 co-op students from more than 35 universities, and computer science in schools and universities. Oracle supports 30 Saudi educational institutions across 10 cities through which we are able to reach 70,000 students with the Oracle Academy program,” Al-Thehaiban added.


Finance officials meet to map out Saudi Arabia’s budget plans

Updated 19 April 2019
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Finance officials meet to map out Saudi Arabia’s budget plans

  • Finance representatives of 150 government bodies meet for the Budget Forum 2020

RIYADH: Saudi finance chiefs have kicked off a major conference in the capital aimed at mapping out the Kingdom’s budget requirements.
Around 300 specialists representing 150 government bodies met at the InterContinental hotel in Riyadh for the Budget Forum 2020.
Minister of Finance Mohammed Al-Jadaan welcomed delegates to the second edition of the gathering organized by the Saudi Finance Ministry under the slogan “Partnership and Empowerment.”
Al-Jadaan said the ministry was focused on “partnership and commitment,” and sought to share the challenge of developing an effective budget to achieve the Kingdom’s ambitious goals.
“We are also committed to empowering financial leaderships to learn about the ministry’s programs and projects and provide training and qualification opportunities to the best international standards,” he added.
The finance chief said the budget planning process required the collaboration of multiple authorities and a clear strategy based on transparency. 
Items up for discussion at the forum included financial planning in governmental bodies, automation, and the promotion of revenues and efficient spending.
Finance Ministry steering committee chairman, Abdul Aziz bin Saleh Al-Freih, stressed the importance of the forum in getting the ball rolling at an early stage on formulating a general state budget.
Workshops were held on the sidelines of the conference focused on empowering government organizations, and a training program on financial planning and income estimations was also staged.