A provider of data center, cloud, and managed services in the Middle East and North Africa (MENA), Meeza, has signed a Memorandum of Understanding (MoU) with the Qatar Financial Center (QFC) Authority. This partnership aims to advance the digital transformation of businesses within the QFC’s network.
QFC, a premier business and financial hub based in Doha, Qatar, will now offer its registered firms access to Meeza’s comprehensive range of services at exclusive and competitive rates. These services encompass data center solutions, cloud services, managed IT, cybersecurity, IT solutions, and more. This was made known in a press release.
The CEO of QFC Authority, Yousuf Mohamed al-Jaida, said: “Financial services, along with fintech, are among our key focus areas. This strategic partnership with Meeza will enhance our clients’ IT capabilities by providing them access to first-rate digital solutions and highly resilient and reliable data centers that Meeza provides to various business sectors. This collaboration will contribute to Qatar’s efforts in digital transformation, cyber security, and data protection domains.”
Moshin Nasser al-Marri, Acting CEO, Meeza added that the tie-up signifies a huge landmark in advancing Qatar’s digital landscape. He said: “By joining forces with QFC, we aim to provide unparalleled IT solutions to businesses registered on the QFC platform, further accelerating their digital transformation journey.”
According to him, this collaboration emphasizes Meeza’s dedication to enhancing innovation, knowledge exchange, and the growth of Qatar’s technology ecosystem.
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The Qatari government is pursuing an ambitious digital transformation strategy to foster its appeal as a destination for foreign investment and business. Aligned with Qatar’s National Vision 2030, this initiative involves a significant enhancement of digital infrastructure to meet the increasing demand for data storage and cloud computing services. This need is particularly pressing given the rapid advancements in emerging technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT).
According to Arizton Advisory & Intelligence, Qatar’s data center market was valued at approximately USD 264 million in 2022, with projections indicating it will reach USD 418.5 million by 2028, representing a Compound Annual Growth Rate (CAGR) of 7.98%.
The report notes that rising demand for cloud computing and big data services, among other IT solutions, will fuel this growth. Additionally, there is expected growth in Edge data centers, driven by the need for rapid, low-latency data processing. Edge facilities are becoming increasingly vital for managing data from IoT devices and other connected technologies that are proliferating in Qatar.
Key players in Qatar’s data center sector include Meeza, Ooredoo, and Quantum Switch Tamasuk (QST). In May 2023, Google announced the opening of a new Cloud Region in Doha. Research commissioned by Google Cloud and conducted by Access Partnership projects that this new Cloud Region will generate an additional USD 18.9 billion in gross economic output for Qatar between 2023 and 2030 and is anticipated to create 25,000 jobs by 2030.
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