ALIBABA GROUP HOLDIN

BABA
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Alibaba : Plans to Invest Up to $500 Million in Cloud Services in Saudi Arabia

12/28/2020 | 02:13pm
(MT Newswires) -- Alibaba Group Holding's (BABA) Alibaba Cloud plans to invest up to $500 million over the next five years as part of its partnership with Saudi Telecom and eWTP Arabia Capital to provide cloud services in Saudi Arabia, according to the Saudi Press Agency.

A new office will be set up in Riyadh to serve local customers, according to the agency.

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