Oracle is investing more than $1 billion in artificial intelligence (AI) and cloud computing in Spain.
The investment will enable Oracle to open a third cloud computing region in the country, located in Madrid.
It will be a public cloud region and will enable users to migrate workloads from their data centers to Oracle Cloud Infrastructure (OCI) while meeting local regulations including the Digital Operational Resilience Act (DORA) and the European Outsourcing Guidelines (EBA, EIOPA, ESMA).
Oracle is developing the cloud region in partnership with Telefónica España.
“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.”
Miguel López-Valverde, councilor for digitalization, Government of the Region of Madrid, said: “We are convinced of the importance of public-private collaboration in this area, and of facilitating the development of cloud infrastructure in our region. Over the next three years, the region of Madrid is expected to receive investments of more than six billion Euros from the cloud industry, which is critical to helping us build a digital economy capable of creating high-quality jobs, attracting investment, and retaining talent.”
Oracle also offers an EU Sovereign Cloud, launched in 2023, with a region in Madrid for data and applications that are sensitive, regulated, or need to meet data sovereignty requirements. The company also has an existing Oracle Cloud Region in Madrid which launched in 2022, making this new addition the company's third.
“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.
Customers of Oracle's Spain cloud regions include its hosting partner, Telefónica España, and others including Banco Sabadell, Naturgy, and MasOrange.
Earlier this year, Microsoft launched a Madrid cloud region - Spain Central - which was part of the company's commitment to invest $2.1 billion in Spain between 2024 and 2025. That cloud region was also developed in partnership with Telefónica. The cloud giant has since committed to investing $7.16bn in new data centers in Aragon, Spain.
Google also has a Spanish region in Madrid that launched in May 2022.
Amazon launched an Amazon Web Services (AWS) cloud region in Aragon in November 2022. In May 2024, AWS announced it would invest €15.7 billion ($17bn) in expanding its Aragon region, with support from the local government.
