Dubai: «The Gulf»
The Dubai Investment Development Corporation, one of the “Dubai Economy” institutions, welcomed the announcement by “Amazon Web Services” (AWS) of its plans to open data centers in the United Arab Emirates during the first half of 2022, when the “Amazon Web Services” region will consist in the Middle East. Middle East (UAE) has three data centers.
The announcement comes as a continuation of the momentum witnessed by the cloud technology sector in the Middle East by enabling customers to use applications and store data locally; This step contributes to giving organizations the possibility to take advantage of advanced cloud services and technologies to support innovation, including computing, storage, networking and database features, analytics capabilities, artificial intelligence, machine learning, the Internet of Things, mobile services, and others. The move is supported by the UAE’s focus on encouraging technical innovation, making it a prestigious global hub for entrepreneurs, e-governments and international companies.
In this regard, Fahad Al Gergawi, CEO of Dubai Investment Development Corporation, said: “Our strategic location facilitates digital communication around the world in terms of speed, security and infrastructure readiness, as Amazon Web Services plans to expand in the UAE is a testament to our positive growth environment and our ability to attract Strategic investments, within the framework of fruitful and continuous cooperation over many years. Dubai Investments Development Corporation has supported Amazon Web Services since its first investment in its MENA office, which it opened in Dubai in December 2016.
The plans to open new data centers in the UAE next year constitute a continuation of this relationship and the beginning of a new phase in a journey of excellence that previously witnessed the opening of two direct communication sites (Amazon Web Services Direct Connect) and two sites for Cloud Front services in the UAE.”
He added: “The digital transformation system, which is sponsored and supported by our wise leadership, provides an effective platform for continuing and accelerating economic growth through innovation. This has made Dubai and the UAE an important destination for entrepreneurs, governments and companies alike.”
“We look forward to launching the AWS cloud infrastructure in the UAE in the first half of next year, to benefit Including organizations of all sizes at the local and regional levels. The upcoming data centers constitute a new addition to Amazon Web Services’ investments in the UAE, and support the country’s efforts to strengthen its position as a thriving global center for technological innovation. We seek to strengthen our cooperation with the Dubai Investment Development Corporation to enable startups, institutions, and government agencies to benefit from the full potential of AWS cloud technology.”
The expansion of “Amazon Web Services” to its cloud infrastructure in the UAE confirms the distinguished position of the country, which is the first choice for investors wishing to invest in the region and expand all over the world with a direct regional market representing one third of the world’s consumers. Dubai has established its position as a city of the future and a gateway to emerging markets in The region is a prestigious global center for trade and investment.
It is worth noting that the recent amendments to the Federal Law for Commercial Companies, which grants existing and new investors the possibility of full ownership of their companies within more than 1,000 business activities as of June 1, 2021, adds more attractions that attract global investors to the UAE and Dubai in particular.
Al Gergawi said: “We are committed in Dubai to support new investors by ensuring that we provide advice and consultation, and ensure smooth procedures during the stages of establishing companies, while providing specialized support and continuous follow-up to the subsequent stages.”
Dubai has also rapidly managed to develop the infrastructure that is ready for the future, to be a gateway to a huge market of 2.4 billion consumers residing in the Middle East, Africa, the Indian subcontinent and the Commonwealth of Independent States. At the same time, Dubai harnesses many of its strategic advantages to achieve distinction, as the city is home to the third largest airport in the world for the number of passengers and the ninth largest container port in the world, in addition to one of the largest and best international airlines thanks to its connection to more than 150 destinations, and its possession of a network Ultra-developed transportation and distribution.
He noted that Dubai’s vision and readiness for the future made it one of the most important growing economic centers in the world, where talents and wealth are nurtured and encouraged.
As one of the most business-friendly economies in the world, and one of the world’s three most preferred investment cities for foreign capital according to the Financial Times (FDI Markets), Dubai in particular and the UAE lead the MENA region in the ease of doing business report issued About the World Bank for the year 2020.
It is worth noting that Dubai recorded an exceptional influx of foreign direct investment into the UAE that year, with 455 new projects with a total value of 24.7 billion dirhams in the city, according to data from the Dubai Monitor for Foreign Direct Investment, and the number of jobs created by these incoming investments is estimated at 18,325 jobs in 2020.
Thanks to this distinguished performance, Dubai continues its global leadership in the ranks of the most prominent foreign direct investment destinations, as it ranked first in the Middle East and North Africa region in 2020, and the fourth globally in attracting foreign direct investment capital, according to the Financial Times data on foreign direct investment markets. , which is the most prominent global source of data in this field, and the UAE witnessed a 44% growth in foreign direct investment flows in 2020 to reach 73 billion dirhams, as this performance was achieved in light of the state’s plans to double the size of the economy to reach 3 trillion dirhams. UAE over the next ten years.