To meet the rapidly growing demand for its AI and cloud services in Spain, Oracle announced plans to invest more than $1 billion to open a third cloud region in Madrid and drive AI skills development across the country.
The new public cloud region will enable Oracle customers and partners across all industries in Spain, including its prominent financial services sector, to migrate mission-critical workloads from their data centers to Oracle Cloud Infrastructure (OCI) while helping them address regulations like the Digital Operational Resilience Act (DORA) and the European Outsourcing Guidelines (EBA, EIOPA, ESMA), according to Oracle. Telefonica España will be the host partner for the planned cloud region.
The upcoming cloud region in Madrid will help public and private sector organizations migrate all types of workloads to the cloud, modernize their applications, and innovate with data, analytics, and AI.
“The opening of the third Oracle cloud region in Spain is excellent news for our country,” said José Luis Escrivá, minister for digital transformation and public administration, Government of Spain. “The investment announced by Oracle provides a significant boost that will help Spanish enterprises and public sector organizations innovate with AI and continue advancing on the path of digital transformation.”
Oracle also offers a separate EU Sovereign Cloud with one region in Madrid to help public and private sector customers with data and applications that are sensitive, regulated, or of strategic regional importance, move to the cloud.
The Oracle EU Sovereign Cloud in Madrid is operated by EU-based personnel and supports workloads that fall under EU guidelines and requirements for sovereignty and data privacy.
“Spanish enterprises and public sector organizations are rapidly embracing the cloud to gain access to the latest digital technologies such as AI, and the upcoming public cloud in Madrid will help them address data residency requirements as well as regulations in key sectors such as financial services,” said Albert Triola, country leader, Oracle Spain. “With our plans to invest an additional $1B in Spain over the next 10 years, we are reaffirming our commitment to helping Spanish organizations of all sizes and industries—including those across Spain’s small and medium-sized enterprises and the financial services industry—accelerate their adoption of cloud technologies to boost business performance and resilience.”
With the upcoming new region adding to the existing Oracle Cloud Region in Madrid, customers and partners can gain additional low-latency access to cloud services to help them derive better value from their data.
Customers can also leverage high availability and disaster recovery capabilities to enhance business continuity and help address Spain’s and the EU’s regulations and requirements for data residency, in addition to industry-specific requirements and regulations such as the Digital Operational Resilience Act (DORA) in the financial services sector.
OCI’s unique cloud architecture enables Oracle to deploy dedicated cloud regions with hyperscale cloud services inside customer data centers and deploy more public cloud regions faster by starting with an optimal footprint and scaling as needed. This approach helps meet the needs of all countries and markets without compromising cloud capabilities, while also providing the consistent performance, SLAs, and global pricing for which OCI has become known.
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