Aramco brings Google Cloud services to Saudi Arabia

By: Miguel A. Rodriguez

12:34, 24 December 2020

Google and Aramco partner up to provide cloud services and infrastructure in Saudi Arabia

Google seems to be ending the year on a high note, as it announced a partnership with one of the largest Saudi Arabian oil companies – Aramco.

Through this partnership, Google will open a "cloud region" where it will provide services in Saudi Arabia via a joint venture, as COVID-19 prompts an acceleration in digital adoption across the country. Also, it gives access to a market that is expected to reach $10 billion by 2030.

From Aramco's point of view, the agreement will create room for political relations between the US technology companies and Saudi Arabia. The new infrastructure will boost the country's tech industry, in which it is already investing through the Public Investment Fund. According to Ahmad Al Sa'adi, Aramco's senior VP of technical services, "the future of Saudi Arabia's business transformation and growth depends on its ability to successfully leverage cloud services."

The deal, which is waiting for regulatory clearance, will be closed for an undisclosed amount.

But this is not Google's first major project in the region, as it prepares to establish a fiber-optic network that will connect Europe and India via Israel and Saudi Arabia. The project, Blue Raman Route, involves 5,000-mile-long underwater cables and is expected to cost $400 million.

Following the news, Google stock price traded 0.52% higher.


Share this article

This information prepared by is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.