{"id":2842,"date":"2024-07-11T17:00:22","date_gmt":"2024-07-11T14:00:22","guid":{"rendered":"https:\/\/gulfdca.com\/?p=2842"},"modified":"2024-07-11T11:35:18","modified_gmt":"2024-07-11T08:35:18","slug":"weekly-news-blast-11th-july-2024","status":"publish","type":"post","link":"https:\/\/gulfdca.com\/en\/weekly-news-blast-11th-july-2024\/","title":{"rendered":"Weekly News Blast – 11th July 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

Knight Frank<\/b><\/span><\/h2>\n

Knight Frank and Radius Group team up to launch its first UAE project<\/i><\/b><\/p>\n

Radius Group, an international developer of class A warehouses and industrial real estate, have partnered with Knight Frank MENA to create Radius City Logistics. This will be the first class A speculative temperature-controlled facility in the UAE; spanning 5.2 hectares, this will be the largest speculative-built logistics project in Dubai Investments Park\u2026Read more<\/a><\/p>\n

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

Bahrain<\/b><\/span>\"\"<\/span><\/strong><\/h2>\n

Batelco and Grnata join forces<\/i><\/b><\/p>\n

Batelco and Grnata have signed an MoU to provide smart solutions for the Golden Gate Residential Towers project. Through this partnership, Batelco will implement the latest technologies to provide high-end smart living. Via deliverables such as customised In-Building Solutions, designed to strengthen wireless signal quality and connections, and other various home automation technologies, are Batelco redefining Bahrain\u2019s standards of contemporary living in this new digital age?…Read more<\/a><\/p>\n

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Saudi Arabia<\/u><\/strong><\/h2>\n

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Saudi companies form AI cloud services partnership<\/i><\/b><\/p>\n

Already an investor in the US AI research company OpenAI, the Saudi IT company Al Moammar Information Systems and investment banker Saudi Fransi Capital have entered a partnership to launch cloud services for the Kingdom\u2019s AI market. Aiming to cement Saudi Arabia as a global hub for AI (outside the US), this JV follows in the footsteps of PIF\u2019s 70% fund allocation into AI projects within the Kingdom \u2013 with annual deployment expected to increase from $40Bn to $70Bn by 2030\u2026Read more<\/a><\/p>\n

Google to fund AI research at KAUST University<\/i><\/b><\/p>\n

Inextricably linked to Saudi Vision 2030, Saudi\u2019s KAUST University has struck a position-shifting deal with Google to fund AI research grants \u2013 moving the Kingdom further up the ranks as a global epicentre for AI. The $100,000 grants will boost recognised KAUST researchers\u2019 work and attract students\/companies into the Kingdom. This follows deals such as the USA\u2019s World Wide Technology partnership with Aramco Digital and the Saudi government’s collaboration with Microsoft Arabia to integrate AI across Saudi media platforms\u2026Read more<\/a><\/p>\n

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Aramco Digital ink partnership with US firm to transform Saudi Arabia\u2019s AI infrastructure<\/i><\/b><\/p>\n

As mentioned in the news above, Saudi\u2019s Aramco Digital has partnered with World Wide Technology (WWT) to spearhead the development of an AI-powered Digital Innovation Economy in Saudi Arabia. Aligning with Saudi Vision 2030 goals, the collaboration hopes to digitally diversify the Kingdom\u2019s economy, transforming key industrial sectors like energy and healthcare, by integrating AI solutions and localising cutting-edge technologies\u2026Read more<\/a><\/p>\n

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UAE<\/strong><\/h2>\n<\/div>\n
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Gulf Data Hub seek $1Bn in minority stake sale<\/i><\/b><\/p>\n

UAE data centre operator, Gulf Data Hub, is reportedly weighing the sale of a minority stake, hoping to fetch upwards of $1Bn. The company operates five data centres totalling 40MW, has around five data centres under construction totalling 90MW, and has over a dozen facilities planned across the Middle East \u2013 one of which is a three data centre campus in Egypt, expected to start at 192MW and reach 300MW by the end of the decade\u2026Read more<\/a><\/p>\n

Mastercard partners with NOW Money to foster digital payments in the GCC<\/i><\/b><\/p>\n

To boost the digital payment industry across the GCC, NOW Money has partnered with global tech firm Mastercard. Utilising Mastercard\u2019s capabilities for secure and seamless financial access, NOW Money, the GCC\u2019s first digital banking solution for low-income migrant workers, will offer its customers the access and tools to reap the benefits of digital banking\u2026Read more<\/a><\/p>\n<\/div>\n

INTERESTING NEWS<\/strong><\/span><\/h2>\n

Global cloud infrastructure spending reaches $33Bn in Q1 2024<\/i><\/b><\/p>\n

According to IDC, spending on computer and storage infrastructure products for cloud deployments increased 36.9% y-o-y in Q1 of 2024 to $33Bn. Spending on public cloud infrastructure saw the biggest y-o-y increase, up to 43.9% to $26.3Bn, compared to private cloud spending\u2019s 15.3% during the same period, totalling $6.7Bn. As a result of this growth, IDC predicts that total cloud infrastructure spending will reach $138.3Bn in 2024. Experts predict that this growth is catalysed by the explosion of AI-related investments, and with the Middle East\u2019s ardent commitment to digital transformation, it is no surprise that the region’s spending has increased by 5.3% over the past year\u2026Read more<\/a>","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 Knight Frank Knight Frank and Radius Group team up to launch its first UAE<\/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-2842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-news-blast"],"_links":{"self":[{"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/posts\/2842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/comments?post=2842"}],"version-history":[{"count":2,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/posts\/2842\/revisions"}],"predecessor-version":[{"id":2844,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/posts\/2842\/revisions\/2844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/media\/1572"}],"wp:attachment":[{"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/media?parent=2842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/categories?post=2842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/tags?post=2842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}