Oracle Increases Research and Development Investments in Morocco

Rhea-AI Summary

Oracle is increasing its research and development (R&D) investments in Morocco by expanding its local workforce to 1,000 IT professionals to develop cloud and AI solutions for global export. The partnership between Oracle and the Government of Morocco aims to accelerate the development of cutting-edge technologies to address global customer challenges. This initiative aligns with Morocco's strategic vision for youth innovation and creativity, positioning the country as a regional digital hub.

Positive

• Expansion of Oracle's R&D capabilities in Morocco will lead to the development of innovative solutions utilizing advanced technologies like AI, big data, cloud computing, and cybersecurity. This will enhance cybersecurity, deliver impactful new AI capabilities, and foster technical breakthroughs to benefit global customers.

• The investment in Morocco reflects Oracle's commitment to tapping into the country's deep talent pool, allowing for the acceleration of solution development to support business growth and success across various industries on a global scale.

• The project aligns with His Majesty King Mohammed VI's vision for encouraging innovation and creativity among Moroccan youth, positioning the country as a key hub for digital advancements and technological innovation.

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• None.

More than 1,000 new employees will develop cloud and AI solutions for global export

AUSTIN, Texas, May 9, 2024 /PRNewswire/ -- Oracle will expand its research and development (R&D) capabilities in Morocco by growing its local workforce to 1,000 information technology (IT) professionals. This investment will accelerate the development of Oracle's cutting-edge technologies that help solve customer challenges worldwide.

Today, Ms. Ghita Mezzour, Minister in charge of Digital Transition and Administration Reform of the Government of Morocco, signed an agreement with Safra Catz, CEO of Oracle, to formalize the partnership and commitment to innovation in Morocco. The ceremony was attended by Mr. Mohcine Jazouli, Minister in charge of Investment, Convergence and Evaluation of Public Policies, and Mr. Ali Seddiki, General Director of the Moroccan Agency for Investment and Export Development (AMDIE). 

"Oracle's R&D center in Casablanca has already played a critical role in creating technical breakthroughs, enhancing cybersecurity, and delivering impactful new AI capabilities," said Safra Catz, CEO of Oracle. "By expanding our R&D presence in Morocco, we can further tap its deep talent pool to accelerate development of solutions that help our global customers grow their businesses and win in their industries."

"This ambitious project falls within the strategic and comprehensive Royal Vision of His Majesty King Mohammed VI who called on encouraging Moroccan youth innovation and creativity," said Ms. Ghita Mezzour, Minister in charge of Digital Transition and Administration Reform of the Government of Morocco. "At this cutting-edge center, young Moroccans will be at the forefront of designing and developing innovative solutions, covering the latest technologies such as artificial intelligence, big data, cloud computing and cybersecurity. These solutions will be deployed on a global scale, thus strengthening Morocco's positioning as a regional digital hub."

Oracle's expansion follows the opening of its Morocco Development Center facility at Casanearshore Park in Casablanca, where researchers use Oracle's cloud, AI, and machine learning technologies to tackle the most pressing challenges facing business, science, and the public sector. An estimated 40 percent of the new positions will be located outside the regions of greater Casablanca and Rabat-Salé-Kenitra to offer opportunities across the country including new Oracle offices in Agadir this year and Northern Morocco in the next two years.

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SOURCE Oracle

FAQ

How many new employees will Oracle hire in Morocco?

Oracle will expand its local workforce in Morocco to 1,000 IT professionals.

What technologies will the new employees in Morocco work on?

The employees will focus on developing cloud and AI solutions.

What is the goal of Oracle's increased R&D investments in Morocco?

The goal is to accelerate the development of cutting-edge technologies to address global customer challenges.

Who signed the agreement to formalize the partnership between Oracle and the Government of Morocco?

Ms. Ghita Mezzour, Minister in charge of Digital Transition and Administration Reform of the Government of Morocco, signed the agreement with Safra Catz, CEO of Oracle.

Where is Oracle's Development Center facility located in Morocco?

Oracle's Development Center facility is located at Casanearshore Park in Casablanca.

What percentage of the new positions in Morocco will be located outside Casablanca and Rabat-Salé-Kenitra?

An estimated 40% of the new positions will be located outside these regions to offer opportunities across the country.

In which regions of Morocco will Oracle be opening new offices in the coming years?

Oracle plans to open new offices in Agadir this year and Northern Morocco in the next two years.

What is the focus of Oracle's R&D center in Casablanca?

The R&D center focuses on utilizing Oracle's cloud, AI, and machine learning technologies to address business, science, and public sector challenges.