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MENA region gets tech JV from Meraas, Alibaba

May 13, 2015 • Enterprise IT, Top Stories

Selling to the CIO

The new joint venture company will be an anchor tenant, the companies said.

New technology appears to be enticing the Middle East North Africa region and companies are already seeing the importance of data operations and advancement across the area.

This is seen in the recent partnering of Dubai-based holding company Meraas and Alibaba Group’s Aliyun, a cloud computing unit, where the two inked a deal to establish new a new technology company to offer systems integration in the MENA region.

The move will likely see the company offer its cloud sector to private companies and government institutions in an effort to broaden the overall reach of the technology.

“The joint venture will offer application development, service-oriented architecture, testing, validation, citizenship e-services and Big Data operations with a special focus on analytics, revenue-generation and payment services,” a statement from the companies said.

Meraas is expected to leverage its development capabilities through the creation of a technology-oriented master-planned integrated community comprising of a Tier 3 Data Center, as well as hospitality, residential and commercial spaces, retail and food & beverage units.

The new joint venture company will be an anchor tenant, the companies said.

Joseph Mayton

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