Memorandum of understanding between the Investment Fund, SITE and Microsoft for sovereign cloud solutions
Declare General Investment Fund, and the Saudi Information Technology Company (Site, Inc. Microsoft Today, Wednesday, a memorandum of understanding was signed to cooperate in exploring the use of Microsoft services for sovereign cloud computing solutions in the Kingdom, which contributes to enhancing the level of security, confidentiality, and sovereignty of national data, and enabling access to the latest cloud computing and artificial intelligence technologies.
Microsoft has long experience in sovereign cloud computing solutions, which enables governments and vital sectors to use cloud computing solutions in accordance with national data security controls approved in each country or region.
Taking advantage of cloud solutions. Sovereign
Under the memorandum of understanding, Microsoft will work with the Public Investment Fund and SITE to explore the mechanism of benefiting from sovereign cloud solutions to contribute to supporting compliance and protecting data and localizing it in the Kingdom, while providing access to advanced cloud computing and artificial intelligence technologies.
The Memorandum of Understanding also aims to enhance cooperation in the areas of research, development, joint innovation, and knowledge transfer.
The Public Investment Fund’s strategy in the communications and information technology sector aims to enhance the Kingdom’s global competitiveness, by driving innovation, building capabilities, and supporting development and economic diversification efforts. Locally.
The non-binding memorandum of understanding signed today is subject to meeting a set of requirements, including obtaining all necessary regulatory approvals.
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