MGX, BlackRock, Global Infrastructure Partners (GIP), a subsidiary of BlackRock, and Microsoft have announced the inclusion of the Kuwait Investment Authority (KIA) into their AI infrastructure partnership. This collaboration aims to drive advancements in artificial intelligence and enhance infrastructure capabilities. Credit: Abu Dhabi Media Office The partnership signifies a commitment to fostering AI innovation and...
Cisco (NASDAQ: CSCO), a global leader in networking and security, has announced its participation in the Stargate UAE initiative as a preferred technology partner. The company signed a Memorandum of Understanding (MoU) with G42, OpenAI, Oracle, NVIDIA, and SoftBank Group, aiming to develop an AI data center in Abu Dhabi. This center is projected to...
Abu Dhabi’s G42 has partnered with France’s Mistral AI to develop AI infrastructure that will encompass training AI models and systems across the Middle East, Europe, and the Global South. This collaboration aims to enhance AI capabilities in these regions, providing advanced technological solutions tailored to their unique needs. The partnership was announced recently and...
OpenAI is currently in discussions to set up data centers in the United Arab Emirates as part of its strategy to expand its presence in the Middle East. This initiative highlights OpenAI’s ongoing relationship with the UAE, which includes a partnership established in 2023 with G42, an artificial intelligence firm based in Abu Dhabi. G42...
Vertiv, a global provider of critical digital infrastructure and continuity solutions, has announced the launch of Vertiv™ SmartRun. This new modular prefabricated overhead infrastructure system is designed to streamline high-density power distribution, liquid cooling, hot-aisle containment, and network infrastructure into a single, scalable solution. The implementation of Vertiv SmartRun is intended to accelerate data center...
The Arab Energy Organization (AEO) announced that nine Arab states have developed ambitious plans to produce low-carbon hydrogen, targeting an output of eight million tons per year by 2030. Jamal Al-Loughani, the Secretary General of the AEO, stated that this production goal is expected to increase significantly to 27.5 million tons annually by 2040, contingent...
OPSWAT, a global leader in critical infrastructure protection (CIP) solutions based in Tampa, Florida, has officially opened its new office in Riyadh, Saudi Arabia. This move signifies the company’s commitment to the rapidly growing cybersecurity market in the Kingdom and its alignment with Saudi Arabia’s digital transformation initiatives. As Saudi Arabia is poised to become...
The Gulf Cooperation Council Interconnection Authority (GCCIA) has announced plans to invest up to $1.3 billion in network expansion between 2025 and 2027. This significant investment is expected to impact the authority’s credit metrics, as all projects will be financed through debt, according to S&P Global Ratings. S&P Global Ratings anticipates that GCCIA will invest...
Abu Dhabi-based company XRG has announced the completion of its acquisition of a 10% stake in the Area 4 concession of the Rovuma Basin in Mozambique from the company Galp. This strategic move is part of XRG’s efforts to enhance its global presence in the liquefied natural gas (LNG) sector. The acquisition is significant as...
The Jebel Ali Free Zone Authority (Jafza) has announced an investment of 90 million dirhams aimed at developing the second phase of its logistics complex. This expansion will add over 360 000 square feet of space to the existing facilities, enhancing Jafza’s capability to support growing business demands. Jafza’s expansion reflects its commitment to bolstering...