Saudi Aramco, Saudi Arabia’s national oil company, has just signed an agreement to create a joint venture with Google Cloud, Google’s arm for digital services hosted on the cloud.
Saudi Arabia is on the verge of a digital transition. By inviting Google Cloud to set up a presence in the country through an Aramco subsidiary dedicated to development, the country will increase its capacity tenfold and multiply the offer of services to prospects of all kinds.
Creating a competitive environment
The country is building on Saudi Arabia’s rapidly growing demand for Cloud computing services, which is expected to reach a $10 billion market by 2030. This is a necessary upgrade to create a competitive and enabling environment for the business to flourish, according to Ahmad Al Sa’adi, Senior Vice President of Technical Services at Aramco: “The future transformation and growth of Saudi companies depends on their ability to successfully exploit cloud services,” he said in a statement.
For its part, Google Cloud, through its CEO Thomas Kurian, is committed to producing and delivering innovative solutions to its future customers, enabling them to accelerate their digital transition. These solutions include artificial intelligence, intelligent data management and analysis, security, as well as infrastructure and application modernization. All this while using renewable energy for all the energy used in its activities.