Technology company, Oracle has opened its first African research centre in Casablanca, Morocco.
The research hub that will be run by Oracle Lab, the company’s advanced research arm, aims to take advantage of Morocco’s vibrant technology sector “to support the identification, exploration, and transfer of new technologies that can advance Oracle’s customer’s businesses worldwide.” A statement from the company says.
The lab is an addition to Oracle’s global R&D innovation network that engages in research, consulting, and product incubation with most projects involving university collaborations and interns from over 50 universities worldwide.
Oracle CEO Safra Catz, said, “Oracle’s investment in Morocco reflects the improved economic environment we see among the signatories of the Abraham Accords, the monumental agreement that is forging peace and prosperity across the region.“
She further pointed to the allure of the youthful talent in the African continent as a consideration to set shop in Africa.
“Establishing this new Oracle R&D centre in Casablanca will enable us to access an outstanding pool of talent from across the region, benefit directly from its new economic ties to Israel, and provide our customers around the world with new cutting edge technologies,” Catz said.
The state-of-the-art facility in Casablanca will host nearly 100 researchers who will have access to Oracle’s cloud, AI, and machine learning technologies. The researchers are expected to use these and other tools to tackle the most pressing challenges facing business, science and the public sector.
Dr. Hassan Chafi, Vice President Research and Advanced Development, Oracle Labs said, “The mission of Oracle Labs is to identify, explore, and transfer new technologies that have the potential to help solve the world’s biggest challenges.”
The African market has become increasingly attractive to foreign investors who are dipping millions of dollars across several tech-related investments. There are several factors that make Africa alluring, and the investments flowing in from different quarters will make the continent more competitive at a global scale.
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