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The Mena region can unlock $2.6 trillion in value through digitalisation by 2025, logistics giant DHL estimates. That is just four years away.
As market pressures intensify, no energy firm can afford to ignore this potential. The Middle East’s interest in digital tools that fall under the umbrella of the Fourth Industrial Revolution has been gradually increasing. But now appetite is soaring; energy stakeholders not investing in digitalisation are fast becoming outliers.
This is especially true in times of strain – and have no doubt, this is certainly one of them. Oil prices continue to hover between the $50s-$60s per barrel range and the International Energy Agency says at least $1 billion must be spent per year in the near-term to create an environmentally friendly energy economy.
Critics warn against placing millions of users’ information under jurisdiction of government known for surveillance
Snapchat’s parent company, Snap Inc, has been named as one of the anchor tenants for the new Saudi-based cloud services (Reuters) By Published date: 27 January 2021 15:27 UTC | Last update: 1 month 3 weeks ago
Media monitoring groups have requested the immediate halting of Google’s plan to establish a new Google Cloud region in Saudi Arabia, voicing concern over data protection and privacy.
The US technology giant has already announced it will be storing Snapchat data on the servers based in Saudi Arabia, placing millions of users’ personal information under the jurisdiction of a government with a longstanding record of surveillance.
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Saudi Telecom Company, the biggest telecommunications operator in the kingdom by market value, will invest $500 million in cloud services in a partnership with venture capital fund eWTP Arabia Capital and Alibaba Cloud, the technology arm of Chinese e-commerce firm Alibaba.
The agreement will help Saudi Arabia, the Arab world’s largest economy, to become the “digital and cloud services hub” in the Middle East and North Africa region, it said in a statement.
“Through this project, STC aims to reinforce digital infrastructure and to leverage the proven cloud-based technologies and services of Alibaba Cloud to accelerate the growth of [the] local technology ecosystem … in alignment with Vision 2030 objectives,” it added.
Saudi Arabia Cloud region added to Google Cloud Platform global network
Agreement between Saudi Aramco Development Company, a subsidiary of Aramco, and Google Cloud taps into rapidly expanding cloud services demand in Saudi Arabia
Saudi Aramco Development Company, a subsidiary of Aramco, has teamed up with Google Cloud to offer high-performance, low-latency cloud services to enterprise customers in Saudi Arabia. The Kingdom is being added to Google Cloud Platformâs global network of regions, as part of a strategic alliance agreement signed this month. Google Cloud will establish and operate a new cloud region in Saudi Arabia, while a new company will be formed following all required regulatory clearances to supply cloud solutions and services to enterprise customers, with an emphasis on businesses inside Saudi Arabia.
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