Exclusive: Oracle to Launch First R&D Center in Africa with Major Investment in Morocco
Oracle, the Silicon Valley-based technology powerhouse, is making a significant move into the African continent. In a landmark agreement, Ghita Mezzour, the Moroccan Minister Delegate to the Head of Government in charge of Digital Transition and Administrative Reform, is set to sign a deal with Oracle Corporation. This historic agreement will establish Oracle's first Research & Development (R&D) center in Africa, marking a significant milestone in Morocco's journey toward technological advancement.
The new R&D center, located in Morocco, will employ over 1,000 highly skilled Moroccan professionals, including top engineers and doctoral researchers. This center will focus on developing innovative solutions for global use, specializing in cutting-edge technologies such as artificial intelligence and cloud computing, two domains where Oracle is a global leader.
For those unfamiliar with Oracle, the company is a major player in the technology sector. Based in Redwood City, California, at the heart of Silicon Valley, Oracle reported revenue exceeding $50 billion in 2023. It is renowned for its state-of-the-art software solutions in areas like relational databases, cloud computing, data management, artificial intelligence, enterprise management, and financial services, among others.
Oracle's decision to set up shop in Morocco underscores the tech giant's confidence in the Kingdom's potential to become a regional innovation hub. With this investment, Oracle aims to tap into Morocco's skilled workforce and contribute to the growth of the local technology sector. This bold initiative is expected to boost Morocco's reputation as a leader in advanced technologies on the African continent and beyond.
By establishing this R&D center, Oracle is not just expanding its global footprint; it's also signaling a new era of collaboration with Morocco, paving the way for future technological innovations. This move is likely to further fuel the Kingdom's drive toward technological progress, opening new opportunities for the local workforce and strengthening its position in the global tech arena.
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