A new cloud business group in Dubai marks the growth of the tech industry.
With plans to launch 100 new business groups by March 2023, the Dubai Chamber of Commerce recently announced that it will represent the fintech sector, companies developing renewable energy solutions, medical research firms and cloud computing business groups. announced the group.
The latter is expected to help fuel the growth of the knowledge-based economy in Dubai and the wider United Arab Emirates (UAE), as an effective cloud infrastructure is essential for the tech ecosystem to thrive. I’m here.
In fact, from FinTechs to gaming, proximity to data centers and access to advanced cloud services have become key considerations for modern technology businesses that require massive computational resources.
In 2022, the UAE will get its own Amazon Web Services (AWS) Cloud Region and new Azure Availability Zones. In November, Google Cloud CEO Thomas Kurian revealed to the emirate’s newspaper The National that the company was considering opening a data center. in the country.
Of course, a broader cloud ecosystem will emerge as so-called “hyperscaler” cloud infrastructure providers increase their support for Emirati businesses, enabling more localized cloud data storage and multi-cloud deployments. may prosper.
In addition, initiatives such as new business groups are expected to further accelerate adoption of the technology in areas that have not yet fully embraced cloud computing.
For example, in a press release announcing the launch of the new group, the Dubai Chamber of Commerce said UAE start-ups and small and medium-sized enterprises (SMBs) are expected to derive a combined $17.1 billion in economic benefits from hyperscale. said. Cloud Computing by 2030.
Cloud provider doubles Middle East coverage
The UAE is not the only Middle Eastern country where providers are stepping up their services as cloud provisioning becomes an increasingly important part of the digital economy.
As PYMNTS reports, the Middle East and Africa represent a relatively untapped opportunity against the backdrop of the highly competitive and well-served European and US cloud markets.
Related: Big Tech Eyes Untapped Cloud Opportunities in MEA Market
But that is changing rapidly. In the Middle East, so far, Cloud He has concentrated his infrastructure in the UAE and Saudi Arabia. However, Amazon, Google, Microsoft and Oracle have all announced their intention to open new regions in Israel, and Microsoft also launched a new Azure region in Qatar last year.
Companies in the Middle East are building capacity to meet the growing demand for managed cloud services on top of the infrastructure layer provided by global hyperscalers.
In December, UAE-based technology group e& announced a joint venture with South Korean company Bespin Global, which specializes in providing public cloud managed services.
The new company will focus on helping customers in the Middle East, Turkey, Africa and Pakistan (METAP) region build, deploy and manage cloud solutions. Combining the expertise of two owner companies to create a “one-stop cloud solution for your enterprise”. [their] digital transformation,” said the e& press release.
Subscribe daily for all PYMNTS EMEA coverage EMEA Newsletter.