Friday, 23 March, 2018

Alphabet to build data center with Saudi oil company

Alphabet to build data center with Saudi oil company Alphabet to build data center with Saudi oil company
Nellie Chapman | 02 February, 2018, 22:44

As part of the potential joint venture, Alphabet would help Aramco to build data centres around Saudi Arabia, the people said.

Chief of Army Staff General Qamar Javed Bajwa called on Saudi Crown Prince Mohammed bin Salman in Riyadh, Radio Pakistan reported. Accordingly, he said, the Public Prosecution Office made a decision to release those against whom there was insufficient evidence and those who reached settlements after they "admitted to the corruption allegations against them".

The talks have been going on for months and have involved Alphabet CEO Larry Page, the Journal reports. Some reports say wealthy Saudis are moving assets out of the region in reaction to the purge.

The size of the potential joint venture is unclear, though it may be large enough to be listed on Saudi Arabia. Saudi Arabia aims to diversify its economy away from oil with the proceeds from the listing of 5 percent of Aramco, which-if the Saudi valuation for the entire company at $2 trillion stands-could bring the Kingdom $100 billion.

Alphabet and other digital giants have been reluctant to set up physical data centers in the Middle East, Africa and most of Asia because of data-protection concerns-unlike in the US, police generally don't need a court order to access private data, the person said. Amazon plans to open one in Bahrain and Microsoft has announced it will launch two new operations in South Africa this year.

The arrests of prominent Saudis, including princes, tycoons and former Cabinet members, reflected the power struggles, societal shifts and systemic changes taking place in the kingdom under the leadership of Mohammed, the young crown prince. The cost of such centers can reach hundreds of millions of dollars.