Oman
Brookfield buys stake in Oman Tower Company
Global investment firm Brookfield has acquired a substantial stake in Oman Tower Company (OTC), a state-owned entity that manages a portfolio of over 2,400 telecom sites across the Sultanate. The move marks a major milestone in the development of Oman’s telecommunications infrastructure. Describing the deal as a “new phase of growth and development” for the country and its telecom sector, Majid Al Kharoosi, Managing Director of OTC, emphasised the strategic importance of the investment. Brookfield, which operates the second-largest telecom tower portfolio in the world, comprising nearly 315,000 sites globally, has further cemented its position as one of the largest foreign direct investors in the GCC, with over $15Bn in AUM across infrastructure, real estate, and private equity…Read more
Saudi Arabia
Ejada Systems and Huawei partner to advance AI solutions in Saudi Arabia
KSA’s leading digital transformation firm Ejada Systems has entered a strategic partnership with Huawei to co-develop customised AI solutions aimed at strengthening the Kingdom’s digital infrastructure. The collaboration will integrate Huawei’s advanced AI computing capabilities with Ejada’s sector-specific expertise, supporting the goals of Saudi Vision 2030. Building on a history of successful joint projects, the partnership is set to accelerate localised AI development, improve service efficiency, and drive innovation across key sectors. Ejada CEO, Fawwaz Abu El Nasr, emphasised the importance of AI as a pillar of digital transformation and reaffirmed the companies shared commitment to fostering a sustainable digital economy in Saudi Arabia…Read more
Middle East
Data centre growth heats up in MENA
As digital transformation accelerates across the Middle East and Africa, GCC nations are leading a new wave of data centre growth, with the UAE and Saudi Arabia at the forefront, as they race to build sovereign cloud infrastructure to support AI ambitions. Yet the spotlight is beginning to widen. Countries like Bahrain, Oman, and Kuwait are ramping up edge capacity through ventures like Qareeb Data Centres, while Egypt and Kenya are positioning themselves as rising hubs, thanks to government backing, renewable energy, and regional connectivity ambitions…Read more
Interesting News
AI Agent market to reach $155Bn by 2030, says Bank of America
Bank of America projects that global spending on AI agents could reach $155Bn by 2030, as major companies like Microsoft, Salesforce, ServiceNow, and Intuit stand to benefit from rapid advancements in automation. The bank estimates that 10% of tasks performed by knowledge workers, across sectors like finance, sales, and IT, could be automated by AI, unlocking up to $1.9Tn in productivity gains. If software providers capture even 8% of that value, it would create a sizable market opportunity for AI agent technologies. Success in this space, the report notes, hinges on large datasets, robust data governance, and the integration of proprietary and third-party AI models. Companies like Microsoft, with its Microsoft 365 platform and Azure collaboration with OpenAI, along with Salesforce’s Agentforce, Intuit’s Assist, ServiceNow’s Now Assist, and others, are well-positioned due to their strong data ecosystems and early AI investments. Monetisation of these tools is expected to accelerate from 2026 onward.