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Amazon Web Services Launches In The United Arab Emirates

Amazon has expanded its reach into the UAE with the Middle Eastern branch of its AWS offering.

Published

2 years ago

September 1, 2022

amazon web services launches in the united arab emirates

Amazon Web Services promotes itself as the “world’s most comprehensive and broadly adopted cloud platform”. Now, the service is set to enter the Middle Eastern region, using local data centers and creating approximately 6,000 jobs in the process. The operation will require an entire construction and infrastructure supply chain, from maintenance and engineering to telecoms and more, bringing a planned $5 billion investment to the region’s economy.

“AWS is committed to helping customers in the UAE deploy the most advanced cloud technologies and achieve the highest levels of security, availability, and resiliency […] we are making it possible for even more customers to harness the power of the cloud to drive innovation across the UAE, while also investing in the local economy through job creation, training for highly sought-after technology skills, and education resources to further advance the UAE’s strategic priorities,” says Prasad Kalyanaraman, vice president of Infrastructure Services at AWS.

With the Middle Eastern arm of its operation in full swing, Amazon Web Services will be available in 87 zones worldwide, covering 27 geographic regions. The AWS UAE region will comprise three separate zones, joining with Bahrain (launched in 2019). It will enable residents to store data securely while achieving lower latency across the country.

When it comes to uptake within the wider economy, the service is already thriving, with tens of thousands of customers already using AWS across the Middle East and North Africa, including heavyweights such as Al Ghurair Investment, the Dubai Islamic Bank, Alef and GEMS Education, the UAE Ministry of Health and Prevention, and more.

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“The opening of the AWS Middle East (UAE) Region is a significant milestone for Abu Dhabi and the UAE as a whole, reflecting our efforts to generate opportunities for all […] It strengthens Abu Dhabi’s commitment to positioning itself as a leading digital economy by leveraging cutting-edge technology to support business growth,” says His Excellency Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development.

As smart infrastructure and transformative technology continue to shape Abu Dhabi’s future, the public and private sectors continue to thrive, so there’s little doubt that more prestigious companies will follow in Amazon’s footsteps and expand into the region.

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.