Middle East & North Africa Archives

Middle East & North Africa

STC launches $1bn infra business arm to cultivate Saudi Arabia’s data economy

Saudi Arabia’s largest telecom player Saudi Telecom Company (stc) (TADAWUL: 7010) has launched Center3 with an investment value of US$1 billion to promote data economy growth in the Kingdom. The new company will manage digital infrastructure assets owned by the STC group, including data centre...

October 05

João Marques Lima

Middle Eastern, Asian investors partner up for cross-continental data centre investments

Middle Eastern investor and operator of cloud storage facilities Khazna Data Centers and China’s GDS IDC Services Ptc. have signed a memorandum of understating (MoU) to explore the wholesale data centre developments across Greater China, Asia-Pacific (APAC) and the Middle East regions. The cooperation is intended to provide a framework for joint activities between Khazna ...

October 03

João Marques Lima

Saudi Arabia launches Tonomus, Neom’s tech arm with nearly $1bn in digital infrastructure projects

Saudi Arabia-based NEOM Tech & Digital Company, the first company to be established as a full-fledged subsidiary of NEOM, has launched as 'Tonomus’. Tonomus has been conceptualised to build the cognitive foundation and adopting solutions integral to the development of NEOM and its flagship initiatives, including THE LINE, OXAGON and TROJENA. Tonomus is launching wi...

September 27

João Marques Lima

Qatar’s Ooredoo mulls 20,000 telecoms towers assets sale

Qatari telecoms company Ooredoo Q.P.S.C. (QSE: ORDS) has confirmed its intention to sell up to 20,000 telecom towers assets. The potential carve out of its tower portfolio comprises real estate spread across the countries where it operates in the Gulf region and other markets including Iraq and Algeria. The company said in a statement: “This transaction will allow the ...

September 26

João Marques Lima