Skip to content
Banking

Batelco and Qareeb Data Centers Sign MoU at Gateway Gulf Forum

Bahrain Economic Development Board 2 mins read

MANAMA, BAHRAIN / ACCESSWIRE / November 4, 2024 / Batelco, part of the Beyon Group, signed a memorandum of understanding with Qareeb Data Centers W.L.L., at the Gateway Gulf Investment Forum 2024. The MoU was signed by Batelco CEO Maitham Abdulla and Qareeb Data Centers Chief Strategy Officer Annemarie Van Zadelhoff in the presence of officials from both companies.

The collaboration aims to create the first White Space Data Centre in Bahrain, as part of Beyon's Data Oasis, currently being developed following Beyon's major investment in global connectivity and digital infrastructure announced last year, and which will be the biggest technology hub in the Kingdom of Bahrain.

As part of the agreement, Batelco and Qareeb Data Centers will explore the development of a number of activities, including setting up and delivering colocation services in the Kingdom of Bahrain as well as implementing Data Centre initiatives in the region. The partnership will also explore the feasibility of offering managed digital services to identified customers, alongside both parties' existing services portfolios.

Commenting on the signing, Batelco CEO Maitham Abdulla, said: "In line with the strategy of growing our presence in the digital infrastructure space, and more specifically in the data center market, we continue to explore potential partnerships that can positively impact these initiatives."

"The collaboration with Qareeb is an ideal fit for Batelco's strategic needs as we continue to develop an agile and flexible business model to meet the growing demand for digital infrastructure in the region," he added.

Qareeb Data Centre Chief Strategy Officer Annemarie Van Zadelhoff said, "The data center market is experiencing significant growth regionally with an undeniable increase in customer demands, particularly for local edge colocation facilities. We are excited to work with Batelco to provide us with an excellent starting point for our regional expansion plans."

-Ends-

For further information, please contact Public.Relations@beyon.com

SOURCE: Bahrain Economic Development Board



View the original press release on accesswire.com

More from this category

  • Banking
  • 05/11/2024
  • 04:26
Bahrain Economic Development Board

Al Salam Bank Launches ASB Capital: A New Asset Management Firm in the DIFC with AUMs of USD 4.5 Billion

MANAMA, BAHRAIN / ACCESSWIRE / November 4, 2024 / Al Salam Bank, Bahrain's largest Islamic bank, announces the launch of ASB Capital, a newly established Category 3A asset management firm licensed by the Dubai Financial Services Authority (DFSA). Headquartered in the Dubai International Financial Centre (DIFC), ASB Capital is shortly set for an official launch with AUMs of USD 4.5 billion. The announcement was made on the sidelines of the Gateway Gulf Investment Forum held in the Kingdom of Bahrain on November 3 and 4, 2024. ASB Capital introduces a diversified wealth and asset management platform that facilitates access to…

  • Banking
  • 05/11/2024
  • 03:25
Bahrain Economic Development Board

Racing Force Group and Bahrain International Circuit Announce Completion of Bell Racing Helmets Factory Extension and Groundbreaking for New OMP Production Facility

Major expansion of Racing Force Group production facilities located at The Home of Motorsport in the Middle East.New OMP factory reflects Racing Force Group's long-term commitment to Bahrain as leader in motorsports safety equipment MANAMA, BAHRAIN / ACCESSWIRE / November 4, 2024 / Racing Force Group, the leading supplier of motorsports safety products and Bahrain International Circuit (BIC), "The Home of Motorsport in the Middle East", announced today the completion of the extension of the Bell Racing Helmets factory at BIC, together with the groundbreaking for a new production hub for OMP located adjacent to the Bell Racing Helmets facility.…

  • Banking, Finance Investment
  • 04/11/2024
  • 16:00
Money magazine

If you had $10,000 right now, where would you invest it?

The key to successful investing begins with understanding your appetite for risk. Some investment vehicles (ETFs and term deposits) are set and forget; others, like equities, require fortitude to remain steady when faced with significant ups and downs as well as knowing the right triggers to buy and sell. Still others need significant time to comprehend. Welcome to crypto. In the November issue of Money, we’ve covered all the investing options that our audience would consider should they have $10,000 to invest. But more than this - and considering the squeeze that many people are experiencing - we’ve also approached…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.