Huawei announced a $400-million-dollar investment in a cloud region in Saudi Arabia, which will be distributed over the next five years.
Announcing the news during LEAP 2023, Saudi Arabia’s largest and most comprehensive Information and Communications Technology exhibition, Huawei expects that the funding will boost the region’s digital economy and provide access to more advanced and secure cloud services for government, corporate and individuals.
Huawei Cloud — the Chinese company’s cloud unit — provides services in more than 170 countries and regions. Key to the company’s cloud vision is an everything-as-a-service model, which it says allows customers to make the transitions to the cloud more smoothly and affordably.
Huawei Cloud has been investing in cloud and AI technologies for the last several years and has launched a wide range of products along the way including ModelArts — an AI development pipeline — large pre-trained Pangu models and spatiotemporal computing services.
The company also claims to have more than 240 cloud services. In Saudi Arabia, the company expects its cloud services to serve customers in all industries, such as government and public service, finance, telecom, utility, O&G, transportation, retail, manufacturing and entertainment.