News

Kuwait Aims For Digital Transformation With Google Partnership

Google Cloud will work closely with several government agencies to digitize citizen services and increase public sector productivity.

Published

2 years ago

January 5, 2023

Nour Nasir

kuwait aims for digital transformation with google partnership

Google Cloud

As part of Google’s expansion of its Cloud services into the Middle East, the tech giant has signed up to a strategic alliance with the government of Kuwait. The move shows a solid commitment to the region’s digital future, and as part of the agreement, the two entities will collaborate on a comprehensive digital roadmap that will encompass both governmental entities and state-owned enterprises.

As part of its expansion, Google Cloud aims to set up a local headquarters in Kuwait and will team up with the Kuwait Direct Investment Promotion Authority (KDIPA), the Communication and Information Technology Regulatory Authority (CITRA), and the Central Agency for Information Technology (CAIT).

The Government of Kuwait and Google Cloud will work towards “digitizing citizen services” and increasing employee productivity. In addition, the partnership will begin implementing several transformative initiatives that will help to digitize a broad range of sectors, including healthcare, education, disaster recovery, and smart living.

By leveraging Google Cloud’s technology and formidable expertise in data analytics, the Government of Kuwait will also be able to improve regional cybersecurity and artificial intelligence deployment. Meanwhile, Google Cloud support will become available to public sector organizations, businesses, and startups to build a modern, data-driven economy.

Also Read: Meet Hotdesk: A Homegrown UAE Remote Workspace Platform

“The strategic alliance supports the Government of Kuwait’s Vision 2035, which aims to transform Kuwait into a digital society and diversify its economy. We are proud to bring the latest Google Cloud technologies to Kuwait to help the country realize its digitization ambitions. The arrival of Google Cloud will contribute to developing a rich tech ecosystem in the country, creating exciting, highly-skilled job opportunities for Kuwaitis,” says Thomas Kurian, Chief Executive Officer, Google Cloud.

As well as a raft of economic benefits, the Google Cloud partnership will enable Kuwait’s Central Agency for Information Technology (CAIT) to develop a national upskilling program for government employees. All in all, the strategic allegiance looks set to radically overhaul Kuwait’s government and public sector, ushering in a new era where cutting-edge data analytics, machine learning, and enhanced security mesh seamlessly into everyday life.

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.