Weekly News Blast – 2nd May 2024

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’d like to share? Email yours to imogen@gulfdca.com with NEWS in the subject line.

GDCA People

A new chapter unfolds!

The data centre industry within the GCC is experiencing a surge in growth, and in response, the Gulf Data Centre Association (GDCA) is thrilled to unveil our pioneering initiative …GDCA People, spearheaded by Krystyna Litwa. The vision for GDCA People is to become a leading recruitment partner in the GCC region for the data centre industry. Our services are designed to benefit organisations at all stages, whether that be the scaling of an established company or launching of a new venture. With a strong foundation of regional knowledge and an extensive talent network, GDCA People stand ready to meet your distinctive requirements…Read more

Industry News

Kingdom of Bahrain

Bahrain signs a deal to develop wind energy

The UAE’s clean energy company Masdar has entered a partnership with Bahrain’s Bapco Energies to explore the development of wind energy projects in the Kingdom. As Bahrain, outlined in its National Energy Strategy, continues its efforts to reduce emissions by 30% by 2035 and achieve net-zero emissions by 2060, this 2GW wind project is a significant milestone… Read more

Investcorp acquires India’s NSEIT for $120Mn

Bahrain’s Investcorp has completed its acquisition of digital technology company NSEIT. This foray into India is part of the company’s strategy of investing in technology and IT services outside the GCC, further expanding their current $50Bn assets under management portfolio across the US, Europe, and Asia…Read more

Batelco in talks to trial 6G technology

At 95% of urban areas coverage, Bahrain was among one of the first countries to have a comprehensive 5G network – and Batelco played a key part. Whilst still in the R&D phase, this telecommunications giant is trialing their new 6G connectivity network, with an expected rollout by 2030. Said to be 100 times faster than its 5G equivalent, and with Bahrain having a mobile penetration rate of 153%, this new generation of connectivity network is a sure way to cement the Kingdom’s position as a technological leader in the region…Read more

Saudi Arabia

BlackRock and PIF launch multi-asset investment management platform

This first-of-its-kind partnership, in line with Saudi Vision 2030, will see BlackRack establish a Riyadh-based multi-asset investment platform. Anchored by an initial investment mandate valued at $5Bn from PIF, this platform will bolster the Kingdom’s growth of capital markets, diversify its financial sector, foster an attractive landscape for foreign investment, and contribute to the future competitiveness of its companies and economy…Read more


ADQ and the OIA launch $180Mn tech fund

Digital transformation in the Middle East has become paramount for Governing bodies, and Oman is the latest GCC country to join. Alongside Abu Dhabi’s ADQ, the Oman Investment Authority (OIA) has established the Jasoor Fund. Poised to become a cornerstone for driving digital transformation across the Sultanate, and key focus on sectors such as Fintech, Edtech, Healthtech, and logistics, the fund aims to nurture high-growth technology enterprises, catalysing innovation and economic growth in Oman…Read more

Acronis open a Cyber Cloud Data Centre

Their first facility in the Middle East and a strategic investment given the growing Cloud and Data Centre market in the region, Acronis’ new Cyber Cloud Data Centre follows in the footsteps of giants like AWS and du, entering the UAE market at a pivotal time in its Cloud journey. With AI, Machine Learning, and IoT experiencing a monumental boom, this move could not come at a better time…Read more

Middle East

Crypto miners hail enormous potential in the GCC

In the wake of last weekend’s ‘halving’ of Bitcoin rewards, the cryptocurrency terrain is looking rocky ahead. With cheap electricity and an established infrastructure, the GCC is emerging as a safer route concerning the development of the Bitcoin mining sector…Read more

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