Aurum Equity Partners and Al Nowais Group Unite to invest in Next-Generation Data Centers in Saudi Arabia

Aurum Equity Partners and Al Nowais Group formalize the agreement

RIYADH, SAUDI ARABIA (ARAB NEWSWIRE) -- October 3^rd2023, Aurum Equity Partners, a prominent US Private Equity Firm, and Al Nowais Group (represented by its subsidiary Emirates United Economy which is based in Saudi Arabia) have officially entered into an MoU to jointly invest in an advanced 50MW next-gen data center in Saudi Arabia, focusing on innovation, sustainability, and security.

This groundbreaking partnership emphasizes their commitment to tech advancement and sustainability. The vision for this data center includes advanced technologies like Edge Computing for real-time data processing, Software-Defined Infrastructure for agility, and AI & Machine Learning to optimize operations.

Embracing an ESG First approach, the integration of Green Technologies, such as energy-efficient cooling systems and renewable energy, will reduce carbon footprints and operational costs, benefiting the environment.

In an era of heightened cybersecurity concerns, the data center will implement top-tier security measures including Quantum Security, advanced firewalls, and encryption technologies. Robust disaster recovery solutions will ensure data integrity and business continuity.

Mr Venkat Bussa, Founder & CEO of Aurum Equity Partners, said, "We're excited to collaborate with Al Nowais Group to develop a data center driving digital transformation in Saudi Arabia, supporting sustainable growth and tech advancement."

Mr. Abdulla Al Nowais, CEO and Chairman of Al Nowais Group expressed similar excitement, stating, "Saudi Arabia is on the brink of becoming a leading digital hub in the region, and we're honored to build a data center with unmatched security, efficiency, and reliability to meet the growing demands of businesses."

As construction begins, Aurum Equity Partners and Al Nowais Group reaffirm their dedication to Saudi Arabia's digital transformation. Their investments in intelligent, sustainable, and secure infrastructure aim to fuel innovation and establish the Kingdom as a regional digital economy leader.

For media inquiries,

please contact:

Snusha Sidharthan

Manager, Operations MENA and India

+ 971 54 9142212

ss@aurum.pe

https://aurum.pe/

###
This press release is issued through Arab Newswire (www.arabnewswire.com) – a newswire service for Arab World, Middle East and North Africa (MENA), and it is distributed by EmailWire™ (www.emailwire.com) – the global newswire service that provides Press release distribution with guaranteed results™.

Comments

Accely Announces Appointment of Alok Bapna, Ex DXC/CSC Leader as President

Accely has appointed sales and new business development veteran Alok Bapna as its new President . DUBAI, UAE -- ( Arab Newswire ) -- At Accely, we will align his experience in the IT industry with our business goals to achieve new milestones. We look forward to utilizing his expertise in various areas so Accely can offer clients tailored and refined business solutions. Over the years, Accely has been recognized as a trustworthy SAP consulting service for its innovative solutions. With a new leader in the senior management, we can enrich our core services such as IT, enterprise application support, and consulting services. As a result of Alok's diverse experience, Accely can expand into wholesale, retail, consumer goods, life sciences, engineering and construction, and manufacturing markets. Alok's approach to leadership will enhance Accely's ability to solve business problems and deliver high-quality results. His ability to address and resolve issues in the IT industry is ...

SAP Inside Track Published Accely’s New Product Development and Recent Acquirements

DUBAI, UAE – ( ARAB NEWSWIRE ) -- Accely, an EMEA South Partner, has ventured into the intellectual property horizon by acquiring two pioneering companies and crafting a futuristic product line for these enterprises. Nilesh Shah, CEO, Accely, a leading SAP solution provider , and his team have assisted varied enterprises in automating operations and departments over the years. In recent years, the company saw a shift in market expectations and an increased demand for technical assistance. This insight was the much-needed impetus for Accely. They took this initiative to step into the intellectual property realm for the first time and introduce a new product line with the assistance of two firms that specialize in this space. Nilesh Shah, CEO, Accely Accelerated Products covers S/4 HANA ERP solutions for intelligent enterprises, while Activa Factor y specializes in Success Factors that improve project management methodologies and help businesses thrive. These specialists ensured that Ac...

Dubai WoodShow to commence on March 5, featuring 682 local and international exhibitors

Dubai, UAE – ( ARAB NEWSWIRE ) -- The countdown has begun for the highly anticipated 20th Dubai International Wood and Woodworking Machinery Exhibition (Dubai WoodShow), scheduled to take place from March 5-7, 2024, at the prestigious Dubai World Trade Centre, with participation from 682 exhibitors. As a flagship event in the wood industry calendar, Dubai WoodShow is part of the esteemed Global WoodShows series, recognized as the "leading platform for wood and woodworking machinery in the MENA region." Dubai WoodShow serves as a beacon for the wood industry, annually presenting the latest trends, innovations, and technologies in the global wood and woodworking machinery sector. Additionally, it serves as a platform for exchanging experiences, and knowledge among participants, exploring opportunities for collaboration and joint ventures, and attracting investments. In 2024, the exhibition will feature a remarkable exhibition, with exhibitors presenting the latest advancements...

Big Business Reports

Search This Blog