News

Dubai Launches World’s Largest Solar-Powered Data Center

The 16,000 square meter facility is located at the Mohammed bin Rashid Al Maktoum Solar Park and has a 100+ megawatt capacity.

Published

1 year ago

February 19, 2023

Nour Nasir

dubai launches world's largest solar-powered data center

Dubai Media Office

It’s no secret that cloud-based services require massive data centers and lots of electricity to function. As the world edges towards a zero-carbon, sustainable future, those data centers will need to transition to fully renewable energy sources.

As an ideal location for large-scale solar generation, the UAE has taken decisive action, with Dubai Electricity and Water Authority (DEWA) inaugurating a new green data center — Moro Hub — through the digital arm, Digital DEWA.

The new facility is located at the massive Mohammed bin Rashid Al Maktoum Solar Park, recognized as the largest single-site solar park in the world. The new data center will also make the record books as the largest solar-powered facility of its type.

“The new data center reflects our commitment to support the development of a sustainable economy and our efforts to transform Dubai into a global green economy hub. Moro Hub has always been a front-runner in promoting digital transformation and sustainability as well as enhancing its integrated solutions to help organizations and companies reach net-zero carbon emissions,” says Saeed Al Tayer, managing director, and chief executive of DEWA.

Also Read: Aramex Completes Testing Dubai Drone & Bot Delivery Service

Arranged over 16,000 square meters and using over 100 megawatts of power, the data center will provide cloud and hosting services, cybersecurity, smart city technology, and more. Dell, Microsoft, and Huawei are among the global leaders providing the technology for the zero-carbon Moro Hub.

“The project is a bright sign in Dubai’s journey towards a sustainable future that takes into account environmental needs,” explained Hamad Al Mansoori, director general of Digital Dubai.

News

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.