Doha,
“Ooredoo Group” (a Qatari public shareholding company) has signed a strategic partnership with “Iron Mountain,” under which this information management services specialist will acquire a minority stake in “MENA Digital Hub,” a neutral data center company that is part of the Ooredoo Group.
Ooredoo stated in a press release today that this partnership will enable it to expand its presence in the Middle East and North Africa region in terms of large data centers and infrastructure for data centers operating with artificial intelligence.
“Iron Mountain” will provide “MENA Digital Hub” with specialized consulting in design, construction, and daily operational processes for data centers to meet the growing global demand.
Ooredoo pointed out that Iron Mountain’s investment in its data center company reflects the growing attraction of the Middle East in the field of digital infrastructure, amid the growth driven by cloud services and artificial intelligence.
In this context, Mr. Aziz Al-Othman Fakhroo, CEO of Ooredoo Group, said: “This partnership will provide the strategic support needed to improve operations, accelerate the development of infrastructure, and expand our platform to meet the increasing demand from our well-known and successful corporate clients, as well as major institutions in the region.”
For his part, Mr. Bill Meaney, President and CEO of Iron Mountain, stated: “This alliance will contribute to advancing our activities in the data center sector and reaffirms our commitment to investing in the future of the region. We see that the Middle East and North Africa market has tremendous potential, and we look forward to leveraging our expertise to drive innovation and growth in collaboration with Ooredoo.”
It is worth noting that Ooredoo Group established “MENA Digital Hub” last year to lead the digital transformation journey in the region by providing advanced services in network connectivity for large data centers and enterprises. The company plans, as part of its strategic growth initiatives, to expand its capacity to exceed 120 megawatts through an investment of one billion dollars in the medium to long term.
