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Oracle and OceanX join forces to boost the growth of Saudi entrepreneurs and startups with ‘innovation as a service’ support

MAGNiTT News 1 year ago - Wed, Jun 26, 2019, 7:11 AM

Oracle and OceanX join forces to boost the growth of Saudi entrepreneurs and startups with ‘innovation as a service’ support
Author: MAGNiTT

The Saudi entrepreneurs were assured by their government that the ecosystem will be more helpful in the upcoming days to help startups contribute in the Kingdom’s economy. The private sector is also more than happy to cater to the needs of the Saudi startups in the brink of the fourth industrial revolution. The partnership between Oracle and OceanX is a token of the private sector’s interest to provide the entrepreneurs with necessary support.

OceanX, the leading startup consultancy firm of KSA, has signed a Memorandum of Understanding (MoU) with global tech giant Oracle, which is globally recognized for its database and cloud services. The goal of this partnership is help Saudi entrepreneurs with implementation of latest digital technologies.

“Entrepreneur success is a key cornerstone of Saudi Arabia’s Vision 2030 framework and vital for the creation of a thriving digital economy. At Oracle, we are focused on supporting the development of Saudi Arabia’s startup community with unique cloud solutions that will allow entrepreneurs to benefit from a virtuous cycle of innovation and achieve desired goals,” Fahad Al Turief, Country Leader, Oracle Saudi Arabia told Saudi Gazette. “As a technology partner for OceanX, we will work directly with the startups and offer expert insights, customized solutions and an opportunity to benefit from Oracle’s Global Startup Program”.

Oracle is going to offer ‘innovation as a service’ to the entrepreneurs who work with OceanX. The service will come in form of technical consultation, training sessions and workshops.

“The importance of digital solutions for the success of startups globally and in the Middle East is significant. At OceanX, we are helping Saudi start-ups across all phases of development and now with our collaboration with Oracle, we are equipped to deliver a unique technology enabled roadmap for our entrepreneur community” said Ibrahim Alzuhaimel, Chief Executive Officer, OceanX. “This collaboration will see OceanX deliver a business consultant role, which will be aptly supported by expert digital guidance by Oracle. We are confident that the Saudi startup community will immensely benefit from this collaboration”.


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