{"id":3137,"date":"2025-01-09T16:49:13","date_gmt":"2025-01-09T13:49:13","guid":{"rendered":"https:\/\/gulfdca.com\/?p=3137"},"modified":"2025-02-06T16:34:18","modified_gmt":"2025-02-06T13:34:18","slug":"weekly-news-blast-9th-january-2025","status":"publish","type":"post","link":"https:\/\/gulfdca.com\/ar\/weekly-news-blast-9th-january-2025\/","title":{"rendered":"Weekly News Blast – 9th January 2025"},"content":{"rendered":"
\n
\n
\n
<\/div>\n
\"\"<\/div>\n
<\/div>\n
<\/div>\n
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
<\/div>\n
\n
<\/div>\n
Industry News<\/strong><\/div>\n<\/div>\n
\n

Saudi Arabia<\/strong><\/h2>\n<\/div>\n
\n
\"\"<\/i><\/b><\/div>\n
\n

PIF closes acquisition of Saudi tower company, TAWAL<\/i><\/b><\/i><\/b><\/p>\n

Saudi Arabia\u2019s Public Investment Fund (PIF) has announced the completion of its acquisition of a 51% stake in TAWAL. PIF plans to merge TAWAL, the tower subsidiary of Saudi Telecom Company (STC), with Golden Lattice Investment Company (GLIC), combining over 8,000 of GLIC\u2019s sites with TAWAL\u2019s 16,000 towers in Saudi Arabia. This merger, along with sites previously acquired from United Group in 2023, will result in a tower company with approximately 30,000 sites. There are rumors that Saudi Arabia\u2019s third mobile network operator, Mobily, is also exploring options to bring its towers to market. If Mobily\u2019s 11,000 towers were to join the portfolio, PIF\u2019s investment could surpass IHS Towers, making it the 9th largest tower company in the world\u2026Read more<\/a><\/p>\n

PIF secures $7bn in investment financing<\/i><\/b><\/i><\/b><\/p>\n

Saudi Arabia\u2019s Public Investment Fund (PIF) has raised $7bn to finance future investments, with a strong focus on technology. The fund\u2019s Murabaha credit facility, supported by a syndicate of 20 international and regional financial institutions, is part of the Kingdom\u2019s new capital-raising strategy to diversify its funding sources\u2014acting as a vehicle to drive transformative investments both globally and within Saudi Arabia. In a recent announcement, Saudi Arabia stated that it will require an estimated SAR 139 billion in 2025 to cover its budget deficit, which is crucial for the Kingdom’s development of giga-projects and smart city initiatives, in line with Vision 2030\u2026Read more<\/a><\/p>\n

 <\/p>\n

Nokia and stc set new record for data transmission over long distances<\/i><\/b><\/i><\/b><\/p>\n

Nokia and stc Group have completed the first 1Tbps long-haul field trial in the MEA region, marking a significant milestone in high-capacity data transmission. This advancement in technology will enhance network capacity, enabling faster, more efficient data transfer over long distances, and will greatly support the growing demands of AI and cloud services \u2013 aligning with Vision 2030\u2019s digital transformation goals. The collaboration sets new standards for data centre interconnectivity in the region, positioning the Kingdom as a global leader in digital innovation\u2026Read more<\/a><\/p>\n

 <\/p>\n<\/div>\n<\/div>\n

\n

UAE<\/strong><\/span><\/h2>\n

\"\"<\/i><\/b><\/p>\n

Abu Dhabi Global Market (ADGM) attracts $635bn in AUM<\/i><\/b><\/i><\/b><\/p>\n

The international financial centre of Abu Dhabi, Abu Dhabi Global Market (ADGM), has announced a significant influx of global financial institutions entering the market, representing approximately US$635bn in assets under management (AUM)\u2014a substantial increase from last year\u2019s US$450bn. This surge is driven by major asset management firms, such as BlackRock, PGIM, and Nuveen, establishing operations in the Emirate. In recent years, ADGM has firmly positioned itself as a hub for foreign entrants. \u201cThe growing number of global financial leaders and innovators choosing ADGM is a testament to the trust they place in our infrastructure, robust regulations, commitment to excellence, and Abu Dhabi\u2019s reputation as the world\u2019s safest and most dynamic jurisdiction for asset and wealth management,\u201d said H.E. Ahmed Jasim Al Zaabi, Member of Abu Dhabi\u2019s Executive Council and Chairman of the Abu Dhabi Department of Economic Development (ADDED) and ADGM\u2026Read more<\/a><\/p>\n

 <\/p>\n<\/div>\n<\/div>\n<\/div>\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. Industry News Saudi Arabia PIF closes acquisition of Saudi tower company, TAWAL Saudi Arabia\u2019s Public Investment<\/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-3137","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\/3137","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=3137"}],"version-history":[{"count":2,"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/posts\/3137\/revisions"}],"predecessor-version":[{"id":3195,"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/posts\/3137\/revisions\/3195"}],"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=3137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/categories?post=3137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gulfdca.com\/ar\/wp-json\/wp\/v2\/tags?post=3137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}