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...
EVIQ, a prominent player in Saudi Arabia’s electric vehicle infrastructure sector, has officially opened its first highway electric vehicle (EV) charging station at SASCO Aljazeera, located along the crucial Riyadh-Qassim highway. This launch represents a significant advancement in the regional effort to promote sustainable transportation in the Kingdom. The newly inaugurated charging station aims to...
The United Arab Emirates (UAE) has ambitious plans to have half of the cars on its roads be electric by 2050. However, estimates from researchers at PwC suggest that by 2030, only 15% of vehicles in the country are expected to be electric. Heiko Seitz, the Global and Middle East eMobility leader at PwC Middle...
Abu Dhabi’s ADQ, a sovereign investment company formerly known as Abu Dhabi Developmental Holding Company, has announced a significant partnership with Energy Capital Partners (ECP) based in New Jersey. The collaboration aims to invest over $25 billion in developing power generation and energy infrastructure, targeting projects totaling 25 gigawatts (GW). This 50-50 partnership combines ADQ’s...