California-based IT concern Oracle plans to expand its Dutch data centre ‘significantly’ to meet demand for its integrated cloud services, the Financieele Dagblad said on Tuesday.

Financial details were not disclosed but data centres generally cost several hundred million euros, the paper said.

This is Oracle’s second large investment in the Netherlands in a short time. Two years ago the company set up a new sales office in Amsterdam to cover Scandinavia, the Benelux and Germany, marketing Oracle’s cloud services to companies and institutions. The office has a payroll of 450 people, of whom 75% come from abroad.

The Netherlands is popular as a data storage centre. At the end of 2016, Google opened a large new €600m data storage centre in Eemshaven. Microsoft is planning to spend €2bn on a new centre in Wieringermeer while Equinix of the US is to open a new €160m centre in Amsterdam’s  Science Park, near the Oracle facility.