Sponsor News
Legrand
Legrand advances its strategic growth strategy with two new acquisitions
Legrand is going strong with its strategic growth strategy, continuing its bolt-on acquisition strategy and has recently announced the acquisition of Columbian company, Upsistemas, and APP in Australia. Legrand’s ‘’external growth [has been] particularly vigorous this year, with 7 operations announced to date representing annualised revenue of nearly EU350Mn’’ comments Benoit Coquart, CEO…Read more
Industry News
Qatar
MEEZA signs QR100Mn deal to deliver 1MW DC capacity
Qatar’s leading IT services and data centre provider, MEEZA, has signed a deal exceeding QR100Mn ($27.4Mn) to deliver 1MW capacity in its M-VAULT 4 data centre, directly supporting a global hyperscaler. This project marks a pivotal step towards MEEZA’s strategic plans to expand its data centre footprint; and aligns with the Digital Agenda 2030 goals, aiming to advance digital transformation, economic diversification, and AI innovation in Qatar. This deal, a strategic partnership between The Ministry of Communications and Information Technology (MCIT) and MEEZA, reinforces Qatar’s commitment to becoming a global hub for cloud services by expanding its capacity in its data centre market. The M-VAULT4 data centre, currently at full capacity, has plans for a significant expansion aiming to reach up to 50MW, fuelling the next wave of innovation in AI, cybersecurity, and smart city developments…Read more
UAE
E& buys Turkish tech company for $60Mn
UAE telecom giant, e&, has acquired GlassHouse, a Turkish cloud solutions provider, for $60Mn. This purchase provides more opportunities across e&’s operating markets, including the UAE, Saudi, and Turkey, allowing the telco to spread its reach wider and subsequently garner a broader scope of reach and a larger customer base. With aspirations to have its tech-related divisions generating 40% of its revenue by 2030 (a figure currently sat around 7%), it is deals like this that will propel e& higher as a recognised telecom company not only in the Middle East but the world as a whole…Read more
Google Cloud and DIFC’s Dubai AI campus team up to propel AI startups
Leveraging Google’s advanced technology, mentorship programmes, and AI resources, Google Cloud and Dubai AI campus (located at DIFC) have entered a new partnership to enhance the growth of AI startups and further cement Dubai’s position as an epicentre for technology and innovation. Alongside creating an ecosystem for innovations in emerging technologies and positioning DIFC, and Dubai, as a favourable destination globally, the hope is that a new wave of talented workers and diversified investors will enter the UAE and ease worries related to upskilling…Read more
Dubai’s Strategic Vision for a Data Centre Economy
As Dubai continues to fervently solidify itself as a global leader in all thing’s technology and innovation, the Emirate has created the ‘Strategic Vision for the Data Centre Economy’. Aligning with Dubai’s Economic Agenda ‘D33’, which aims to increase the productivity of Dubai’s economy by 50% through digital innovation, this forward-thinking Strategic Vision will lay the groundwork for a future where Dubai is synonymous with technological advancement and economic diversification. The Middle Eastern data centre market has witnessed exponential growth in the last 5 years; and by establishing and integrating AI-backed data centres into its economic and government policies, Dubai’s global competitiveness and digital ecosystem will only be accelerated to new heights…Read more
Middle East
MENA information security spending to grow by 14%, reaching $3.2Bn in 2025
According to analysts, end-user spending on information security is forecasted to reach $3.2Bn in 2025 in the MENA region, an increase of 14% y-o-y. This growth in security spending is driven by the constantly evolving regulatory environment and the rise in cyberattacks – or in lament terms, as the world is experiencing rapid digitalisation and cloud migration, security threats are becoming even more common. Perhaps the greatest exacerbator though is the adoption of AI and GenAI, with the latter already leading to a 15% increase in security spending by 2025 alone. With a global skills shortage in the cybersecurity industry and an exponential burst of AI and data consumption/demand in the MENA region, information security has never been more relevant…Read more