Saudi tourism fund adopts cloud computing

The fund was founded in June with an initial $4bln investment and is part of plans to diversify Saudi Arabia's economy

  
Image used for illustrative purpose. Saudi Payments Company aims to increase financial inclusion and promote innovation

Image used for illustrative purpose. Saudi Payments Company aims to increase financial inclusion and promote innovation

Getty Images

RIYADH: The Tourism Development Fund (TDF) has adopted cloud computing technology in cooperation with Oracle to enable investors to benefit from the Saudi tourism sector’s promising opportunities.

In a statement issued on Tuesday, TDF said that implementing the Cloud Computing Strategy (CCS) would enhance data integration, increase productivity, reduce costs, unify and facilitate operations and ensure smooth communication with all stakeholders, including investors, donors, and governmental agencies.  TDF said cooperation with the world’s largest database management company will provide a full range of Oracle Cloud Infrastructure solutions and Oracle Fusion Cloud Applications which will contribute to enhancing TDF’s services. 

The fund was founded in June with an initial $4 billion investment and is part of plans to diversify the Kingdom’s economy.

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© Saudi Press Agency 2021

More From Technology