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 rises to 10,894

Updated 13 January 2026
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Closing Bell: Saudi main index rises to 10,894

RIYADH: Saudi Arabia’s Tadawul All Share Index extended its upward trend for a third consecutive day this week, gaining 148.18 points, or 1.38 percent, to close at 10,893.63 on Tuesday. 

The total trading turnover of the benchmark index stood at SR6.05 billion ($1.61 billion), with 144 listed stocks advancing and 107 declining. 

The Kingdom’s parallel market Nomu also rose by 81.35 points to close at 23,668.29. 

The MSCI Tadawul Index edged up 1.71 percent to 1,460.89. 

The best-performing stock on the main market was Zahrat Al Waha for Trading Co., with its share price advancing 10 percent to SR2.75. 

Shares of CHUBB Arabia Cooperative Insurance Co. increased 8.27 percent to SR23.04, while Abdullah Saad Mohammed Abo Moati for Bookstores Co. saw its stock climb 6.17 percent to SR50.60. 

Conversely, the share price of Naseej International Trading Co. declined 9.90 percent to SR31.48. 

On the announcements front, Arabian Drilling Co. said it secured three contract extensions for land rigs with energy giant Saudi Aramco, totaling SR1.4 billion and adding 25 active rig years to its backlog. 

In a Tadawul statement, the company said one rig is currently operational, the second will begin operations by the end of January, and the third — currently suspended — is expected to resume operations in 2026. 

Since November 2025, Arabian Drilling has secured seven contract extensions amounting to SR3.4 billion, representing 55 committed rig years. 

The three contracts have durations of 10 years, 10 years, and five years, respectively.

“Securing a total of SR1.4 billion in new contracts and expanding our backlog by 25 rig-years demonstrates both the trust our clients place in us and our ability to consistently deliver quality and reliability,” said Ghassan Mirdad, CEO of Arabian Drilling, in a statement. 

Shares of Arabian Drilling Co. rose 3.15 percent to SR104.70. 

Separately, Alkhorayef Water and Power Technologies Co. said it signed a 36-month contract valued at SR43.35 million with National Water Co. to operate and maintain water networks, pumping stations, wells, reservoirs, and related facilities in Tabuk. 

In October, Alkhorayef Water and Power Technologies Co. announced it had been awarded the contract by NWC. 

In a Tadawul statement, the company said the financial impact of the deal began in the fourth quarter of 2025. 

The share price of Alkhorayef Water and Power Technologies Co. declined 0.49 percent to SR120.70.