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Amazon Web Services Announces Its Plans To Open A Data Center In UAE

The company is also investing in local education initiatives and training programs to nurture the latent it needs to support its expansion.

Published

3 years ago

June 3, 2021

Joanna Melki

amazon web services announces its plans to open a data center in uae

Determined to strengthen its global infrastructure, Amazon Web Services (AWS), a subsidiary of Amazon providing on-demand cloud computing platforms, has just announced its plans to open a new data center in the United Arab Emirates (UAE) in the first half of 2022.

AWS currently has 80 Availability Zones across 25 geographic Regions. Once opened, the UAE data center will become AWS’s second Region in the Middle East, along with an existing in Bahrain.

“We are excited to build on the great momentum of cloud adoption in the Middle East by providing more choice for customers in the UAE to run applications and store data locally,” said Peter DeSantis, Senior Vice President of Global Infrastructure at AWS.

In addition to enabling e local customers with data residency requirements to keep their data inside the UAE, the new Region will also ensure low latency across the country when using Amazon’s growing suite of cloud services, which includes everything from storage to computer to analytics.

The UAE has been heavily focusing on becoming a thriving global hub for entrepreneurs and global enterprises alike by promoting technology innovation, and the new AWS Region will put it one step closer to achieving its goal.

Also Read: QFZA Announces Qatar’s First Laptop Manufacturing Facility

“AWS’s expansion into the UAE is a testament to our rapidly growing innovation ecosystem that will benefit from access to the world’s leading cloud platform and its advanced technologies and solutions,” said His Excellency Mohammed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development.

In the near future, Amazon Web Services would like to launch 18 more Availability Zones and six more AWS Regions in Australia, India, Indonesia, Spain, Switzerland, and the United Arab Emirates. The company is also investing in local education initiatives and training programs to nurture the latent it needs to support its expansion.

Related Topics:Amazon United Arab Emirates

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

2 days ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.