Saudi tourism development fund prioritizes cloud with Oracle
Saudi Arabia’s Tourism Development Fund (TDF) implemented Oracle cloud services as part of its cloud-focused strategy.
The fund, which supports the development of the tourism industry in Saudi Arabia, is also piloting the use of artificial intelligence (AI) to increase automation and improve the employee and customer experience.
TDF has a $ 4 billion fund to invest in the development of Saudi Arabia’s tourism industry as part of reducing its economic dependence on oil and gas, known as name of Vision 2030 program. It aims to increase the tourism sector’s contribution to the economy from 3% to 10% by 2030, thereby creating a million new jobs.
The organization uses Oracle Software-as-a-Service (SaaS), platform-as-a-service (PaaS) and infrastructure-as-a-service (IaaS) cloud solutions to integrate functions such as finance, human resources and procurement. This will increase data integration and unify business processes, with the goal of increasing productivity, reducing costs and improving controls.
Yasser Alkhathlan, executive director of business technology at TDF, said the deployment of Oracle cloud services will help TDF respond to businesses operating in the tourism ecosystem “quickly and transparently”.
He added, “The integration and automation of core business functions also allows us to scale our operations quickly and securely, introduce innovative solutions to support SMEs in the tourism industry and monitor performance. of our fund in real time.
Alkhathlan said there is increased confidence in Oracle’s cloud services as its next-generation cloud region is in Jeddah. Oracle is also a certified Tier 1 cloud provider as defined by the Saudi Arabia Communications and Information Technology Commission..
“Because its cloud solutions are hosted in the country, they are aligned with the Kingdom’s cloud computing regulatory framework and comply with the security models of the National Cybersecurity Authority,” he added.
Fahad Al Turief, Managing Director of Oracle Saudi Arabia, said: “TDF is a real catalyst for the tourism industry in Saudi Arabia and with this initiative the organization now has access to a connected business platform that will result through further improved operations.
Another project sees TDF piloting the use of AI to increase automation – and it appears that technologies such as AI are driving IT spending in Gulf state.
Saudi organizations will spend $ 11 billion on IT this year, according to IDC, as emerging technologies are adopted to adapt to the post-pandemic business environment.
Post-pandemic challenges will fuel IT spending alongside existing strategies to diversify the local economy, where IT will play a key role in reducing the country’s dependence on oil revenues.
Spending on IT services and devices will account for more than half of IT spending, IDC said. The total spent on IT this year will be 4.2% higher than last year, and the Saudi government, finance and communications organizations will spend around $ 3.6 billion on IT.