The S.A.-based cloud computing company and the kingdom, which wants to diversify away from oil, will “collaborate on strategic technology initiatives.”
“We are honored to support SDAIA with this ambitious transformation project and contribute to achieving the strategic objectives of the Kingdom of Saudi Arabia’s Vision 2030” Rackspace CEO Amar Maletira said in a statement. “It is truly inspiring to be part of this transformation and see a nation leverage the power of data and the cloud in realizing its vision.
The company’s announcement comes as it completes a plan to restructure into separate public and private cloud business units in the wake of a ransomware attack that left tens of thousands of customers scrambling to retrieve email data. Saudi Arabia, which is aiming to diversify its economy away from oil, has garnered more than $9 billion in investments in new cloud technology,
Saudi officials have pressed international companies to invest in the kingdom and move their regional headquarters to Riyadh in order to benefit from government contracts.
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