{"id":2475,"date":"2024-03-21T16:37:52","date_gmt":"2024-03-21T13:37:52","guid":{"rendered":"https:\/\/gulfdca.com\/?p=2475"},"modified":"2024-03-28T11:20:22","modified_gmt":"2024-03-28T08:20:22","slug":"weekly-news-blast-21st-march-2024","status":"publish","type":"post","link":"https:\/\/gulfdca.com\/ar\/weekly-news-blast-21st-march-2024\/","title":{"rendered":"Weekly news blast – 21st March 2024"},"content":{"rendered":"
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Welcome to the GDCA Weekly News Blast! Check out the latest industry news from the GCC region below. Have any Middle East data centres news you\u2019d like to share? Email yours to imogen@gulfdca.com<\/a> with NEWS<\/strong> in the subject line.<\/div>\n
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Sponsor News<\/strong><\/span><\/h2>\n

Verity<\/u><\/b><\/h3>\n
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Vertiv partner with Nvidia<\/span><\/i><\/b>\u00a0<\/span><\/p>\n

Joining as a <\/span>Solution Advisor: Consultant partner, Vertiv has partnered with Nvidia to offer extensive expertise in power and cooling solutions for computer-intensive AI workloads\u2026<\/span>Read more<\/span><\/a>\u00a0<\/span><\/p>\n<\/div>\n

Industry News<\/strong><\/span><\/h2>\n

UAE<\/span><\/strong><\/h3>\n

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G42 partner with EcoCloud to build a geothermal-powered data centre<\/span><\/i><\/b>\u00a0<\/span><\/p>\n

UAE Artificial Intelligence and Cloud Computing company, G42, and Kenya\u2019s EcoCloud, have partnered to develop a 1GW geothermal-powered data centre. This data centre is set to revolutionise cloud computing and AI services, bolstering the digital transformation efforts being made across the MENA region\u2026<\/span>Read more<\/span><\/a>\u00a0<\/span><\/p>\n

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Saudi Arabia<\/u><\/strong><\/h3>\n

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Jada Fund of Funds invests $1Bn in Venture debt<\/span><\/i><\/b>\u00a0<\/span><\/p>\n

In Jada Fund of Funds\u2019 latest efforts to support the growth of the Venture Debt ecosystem in Saudi Arabia, they recently announced their investment in Partners for Growth (PFG). Over Q1 2024, Jada has invested in 39 funds, with SAR 3.5Bn committed, and has supported the creation of approx. 12,000 jobs in the Kingdom. This follows their previous SAR 1Bn investment last year, contributing to Saudi Arabia\u2019s top ranking in the MENA region in venture capital funding for the first time\u2026<\/span>Read more<\/span><\/a>\u00a0<\/span><\/p>\n

PIF plans to create $40Bn AI fund<\/span><\/i><\/b>\u00a0<\/span><\/p>\n

Expected to launch in the second half of 2024, Saudia Arabia\u2019s Sovereign Wealth Fund (PIF) is rumoured to be creating an AI investment fund, valued at $40Bn. This fund would make the Kingdom the world\u2019s largest investor in AI, cementing their aspirations to diversify the economy away from oil, and emerge as an epicentre of Artificial Intelligence outside the US\u2026<\/span>Read more<\/span><\/a>\u00a0<\/span><\/p>\n

Dahua Technology forms JV with PIF-owned Alat<\/span><\/i><\/b>\u00a0<\/span><\/p>\n

This agreement, as part of Dahua\u2019s recent expansion into the MENA region, will see Saudi Arabia\u2019s technology sector advance to unparalleled heights. Anticipated to launch by the end of 2024, Dahua will manufacture Artificial Intelligence of Things (AIoT) products, tailored for smart cities and enterprises dotted around the Kingdom (such as the mega-project NEOM), committing to foster economic growth and enhance local infrastructure\u2026<\/span>Read more<\/span><\/a>\u00a0<\/span>\u00a0<\/span><\/p>\n

Middle East<\/u><\/strong><\/h3>\n

Ooredoo and e& launch new Gulf Gateway Cable 1\u00a0<\/span><\/i><\/b>\u00a0<\/span><\/p>\n

This new subsea cable system, connecting data centres in Abu Dhabi and Doha, leverages cutting-edge technology to provide improved international connectivity and high reliability. With an offering of over 28Tbps in high-capacity services, the deployment of GGC1 significantly increases both companies’ existing network capacity and in turn meets their growing bandwidth demands, putting the customer experience first\u2026<\/span>Read more<\/span><\/a>\u00a0<\/span><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Welcome to the GDCA Weekly News Blast! Check out the latest industry news from the GCC region below. Have any Middle East data centres news you\u2019d like to share? Email yours to imogen@gulfdca.com with NEWS in the subject line. Sponsor News Verity Vertiv partner with Nvidia\u00a0 Joining as a Solution Advisor: Consultant partner, Vertiv has<\/p>\n","protected":false},"author":1,"featured_media":1572,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-2475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-news-blast"],"_links":{"self":[{"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/posts\/2475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/comments?post=2475"}],"version-history":[{"count":2,"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/posts\/2475\/revisions"}],"predecessor-version":[{"id":2499,"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/posts\/2475\/revisions\/2499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/media\/1572"}],"wp:attachment":[{"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/media?parent=2475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/categories?post=2475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/tags?post=2475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}