Bahrain plans multimillion-dollar data hub to boost digital transformation of Arab world

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Updated 08 September 2021
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Bahrain plans multimillion-dollar data hub to boost digital transformation of Arab world

  • A new multimillion-dollar regional data center is set to be built in the Kingdom of Bahrain
  • The initiative’s main hub in Bahrain will serve all member states of the Arab League

A new multimillion-dollar regional data center is set to be built in Bahrain to promote collective digital transformation across the Arab world.

The hub’s aim will be to help evolving local economies and enrich the lives of common people in the Arab world. The Arab League’s Arab Federation for Digital Economy (AFDE) entered into a memorandum of understanding with ATDXT LLC, a digital transformation company, headquartered in the UAE on Sept. 1.

The launch of the first- of-its-kind collaboration, will enable the new data center to focus on localized data protection, enhanced security, and rendering digital transformation solutions. 

The initiative’s main hub in Bahrain will serve all member states of the Arab League. All member countries partaking in the initiative can leverage these solutions hosted in Bahrain, which is a key driver behind the Gulf’s overall digital economy transformation efforts. These solutions will be focused on supporting both government and private sector entities in Arab League member states, with the aim of improving the competitiveness of Arab economies and fostering their integration into the global economy.

The data center will aim to be eco-friendly and to host advanced technologies and digital transformation solutions, servicing Arab League states. These solutions will be extended to also be hosted locally in Arab league member nations such as the UAE, Oman, Saudi Arabia, Morocco, Kuwait, and Jordan in the first phase with other states to follow soon after.

The technology solutions will cover e-government services, e-commerce services, e-health solutions, secure digital tokens and fintech solutions, transportation solutions, digital identity solutions, telecommunication transformation systems, governance, crime management and cyber security systems, e-agriculture platforms, solar and renewable energy, and other business solutions.

GS Murthy, founder & executive chairman, ATDXT Group, said: “We are delighted to partner with the Arab League and incubate the first of its many multi-million-dollar regional hubs, in Bahrain. The focus of this initiative will remain to be on digital transformation enablement, that will improve competitiveness of the Arab nations, and foster their integration into the global economy. We are confident that our best-in-class skill development initiative, focused on cutting edge technologies, will create immense job opportunities and future technology leaders across the Arab nations.”

Bahrain’s Foreign Minister Abdullatif bin Rashid Al-Zayani said: “I appreciate the ATDXT Group for choosing the Kingdom of Bahrain to be the digital transformation solutions hub, reflecting the excellence of the investment environment in Bahrain and the many facilities they provide to investors. This partnership will enable us to contribute to the transformation of the digital outlook of the countries of the Middle-East and to continue to provide leading services to our citizens, residents and region as a whole.”

 Ambassador Hossam Zaki, assistant secretary-general of the Arab League, said: “The League of Arab States along with the Arab Union is actively promoting the joint Arab strategic vision for the digital economy. I’m confident that this partnership will contribute to strengthening Arab cooperation in the digital world.” 


Closing Bell: Saudi main index closes higher at 10,596 

Updated 23 December 2025
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Closing Bell: Saudi main index closes higher at 10,596 

RIYADH: Saudi equities closed higher on Tuesday, with the Tadawul All Share Index rising 43.59 points, or 0.41 percent, to finish at 10,595.85, supported by broad-based buying and strength in select mid-cap stocks. 

Market breadth was firmly positive, with 170 stocks advancing against 90 decliners, while trading activity saw 161.96 million shares change hands, generating a total value of SR3.39 billion. 

Meanwhile, the MT30 Index closed higher, gaining 6.52 points, or 0.47 percent, to 1,399.11, while the Nomu Parallel Market Index edged marginally lower, slipping 3.33 points, or 0.01 percent, to 23,267.77. 

Among the session’s top gainers, Al Masar Al Shamil Education Co. surged 9.99 percent to close at SR26.20, while Saudi Cable Co. jumped 9.98 percent to SR147.70.  
Cherry Trading Co. rose 4.18 percent to SR25.44, and United Carton Industries Co. advanced 4.09 percent to SR26.46. 

Al Yamamah Steel Industries Co. also posted solid gains, climbing 4.07 percent to end at SR32.70.  

On the downside, Emaar The Economic City led losses, slipping 3.55 percent to SR10.32, followed by Derayah REIT Fund, which fell 2.92 percent to SR5.31. 

Derayah Financial Co. declined 2.13 percent to SR26.62, while United International Holding Co. retreated 1.96 percent to SR155.20, and Gulf Union Alahlia Cooperative Insurance Co. eased 1.92 percent to SR10.70.  

On the announcements front, Red Sea International Co. said it signed a SR202.8 million contract with Webuild S.P.A. to provide integrated facilities management services for the Trojena project at Neom. 

The agreement covers operations and maintenance for the project’s Main Camp and Spike Camp, including accommodation and housekeeping, catering, security, IT and communications, utilities, waste management, fire safety and emergency response, as well as other supporting services.  

The contract runs for two years, with the financial impact expected to begin in the first quarter of 2026. Shares of Red Sea International closed up 0.99 percent at SR34.74. 

Al Moammar Information Systems Co. disclosed that it received an award notification from Humain to design and build a data center dedicated to artificial intelligence technologies, with a total value exceeding 155 percent of the company’s 2024 revenue, inclusive of VAT. 

The contract is expected to be formally signed in February 2026, underscoring the scale of the project and its potential impact on the company’s future revenues.  

MIS shares ended the session 2.82 percent higher at SR156.70, reflecting positive investor sentiment following the announcement.