{"id":2927,"date":"2024-08-15T11:30:45","date_gmt":"2024-08-15T08:30:45","guid":{"rendered":"https:\/\/gulfdca.com\/?p=2927"},"modified":"2024-08-14T21:01:16","modified_gmt":"2024-08-14T18:01:16","slug":"weekly-news-blast-15th-august-2024","status":"publish","type":"post","link":"https:\/\/gulfdca.com\/en\/weekly-news-blast-15th-august-2024\/","title":{"rendered":"Weekly News Blast – 15th August 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

Datalec Precision Installation\"\"<\/b><\/span><\/h2>\n

Datalec nears opening of new UAE data centre manufacturing plant<\/i><\/b><\/p>\n

Data centre services provider Datalec Provisions Installations (DPI) is set top open its new manufacturing facility in the UAE by the end of the quarter This opening comes just as the UAE and the Middle East region experience a monumental boom in the data centre industry. DPI\u2019s new facility will consist of 51,000 sq.ft and is set to produce aisle containment and security caging. This all comes as part of Datalec\u2019s strategic growth, with the business showing commitment to the Middle East region\u2026Read more<\/a><\/p>\n

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

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

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Saudi Aramco and KAUST invest $100Mn in R&D<\/i><\/b><\/p>\n

Saudi Aramco, the world\u2019s largest oil producer, and KAUST University have announced plans to invest upwards of $100Mn in research and development projects. The 10-year investment will support projects on energy transition, sustainability, materials innovation, upstream technologies, and digital solutions aiming for both environmental and commercial benefits \u2013 all in line with the goals of Saudi Vision 2030. This follows Google\u2019s recent provision of a $100,000 research grant to KAUST University\u2026Read more<\/a><\/p>\n

Saudi revamps its investment laws<\/i><\/b><\/p>\n

In an effort to attract more private sector funding for giga-projects, Saudi Arabia has updated its investment laws. The revamp pulls together Vision 2030 reforms and the National Investment Strategy under one framework. It aims to provide investors with \u2018\u2019greater transparency, flexibility and confidence\u2019\u2019 according to a government statement. Previous initiatives spearheaded by the government has led to an increase in FDI, although still below the 2030 target of $100Bn a year. Khalid Al Falih, Saudi Minister of Investment, comments that \u2018\u2019the updated investment law builds on an extensive diversification agenda, from enhanced quality of life offerings to investment specific measures such as the establishment of special economic zones\u2019\u2019\u2026Read<\/a> more<\/p>\n<\/div>\n

Middle East<\/strong><\/span><\/h2>\n

Mena startup funding trebles, with fintech leading the way<\/i><\/b><\/p>\n

Technology entrepreneurs across the Mena region have seen investment values hit $355Mn in the last month, an increase of 206% on the previous month. Fintech remained the most popular choice among investors, accounting for more than half of the total value, at $181 Mn\u2026Read more<\/a><\/p>\n

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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 with NEWS in the subject line. Sponsor News Datalec Precision Installation Datalec nears opening of new UAE data centre manufacturing plant Data<\/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-2927","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\/2927","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=2927"}],"version-history":[{"count":2,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/posts\/2927\/revisions"}],"predecessor-version":[{"id":2929,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/posts\/2927\/revisions\/2929"}],"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=2927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/categories?post=2927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gulfdca.com\/en\/wp-json\/wp\/v2\/tags?post=2927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}