Mobily signed several MoUs at Connected World KSA, enhancing global connectivity and digital infrastructure. Partnerships with IQNET, China Telecom, and Supercell Iraq aim to strengthen regional telecom solutions. Mobily’s investments in submarine cables, data centers, and local networks support Saudi Arabia’s Vision 2030, driving digital transformation across the region.
Mobily participated as a founding partner at the Connected World KSA conference, strengthening its role in advancing regional and global connectivity. The company signed multiple MoUs with IQNET, China Telecom, and Supercell Iraq to expand its international reach, enhance digital infrastructure, and align with Saudi Vision 2030.
Kuwait’s e-commerce market is projected to reach KD 1.61 billion in 2024, showing a significant growth rate. The compound annual growth rate (CAGR) for e-commerce from 2024 to 2028 is expected to be 12.57%. The country’s robust digital infrastructure and consumer interest in online shopping are key drivers of this growth.
STC Group, through its subsidiaries STC Bahrain and Center3, has invested $300 million to construct a new data center park and inaugurate the 2Africa Pearl subsea cable in Bahrain. These initiatives aim to expand STC’s global footprint, supporting Bahrain’s 2030 Economic Vision with enhanced digital infrastructure and sustainability goals.
The UAE national domain .ae has reached 347,000 registrations, highlighting its growing popularity and trust among businesses and individuals. Managed by the Telecommunications and Digital Government Regulatory Authority, the domain supports the UAE’s digital economy and offers innovative services like AI-powered name suggestions to enhance the user experience.
stc has launched the 2Africa Pearl subsea cable and a Data Centre Park in Bahrain, strengthening regional connectivity and digital infrastructure. The projects will boost digital transformation, create jobs, and align with Bahrain’s net-zero goals.
Batelco has signed a memorandum of understanding with Qareeb Data Centers to establish Bahrain’s first White Space Data Centre as part of Beyon’s Data Oasis project. This collaboration aims to enhance digital infrastructure and explore colocation services, responding to the growing demand for digital solutions in the region.
Ooredoo has reported a 10% increase in shareholder profits to QAR 2.92 billion for the first nine months of 2024. Revenues also rose by 2% to QAR 17.65 billion. The company continues to focus on expanding its digital infrastructure and securing financing to support growth in data center and AI operations.
Batelco has partnered with Qareeb Data Centers to establish Bahrain’s first White Space Data Centre as part of Beyon’s Data Oasis initiative. The new facility aims to be the largest technology hub in Bahrain, enhancing digital infrastructure and addressing the growing demand for edge solutions in the region.
Ooredoo has reported a 2% revenue increase for the nine-month period ending September 30, 2024, reaching QAR17.7 billion. The company also achieved a 15% rise in normalized net profit and secured a $500 million bond issuance to support growth, particularly in its data center business and digital infrastructure.
