Mobily, an integrated service company in the Kingdom of Saudi Arabia (KSA) and Tencent Cloud, the cloud business of global technology company, have signed a Memorandum of Understanding (MoU) for a strategic collaboration.
As per the MoU, Mobily will lead and manage the data center hosting, network links, and ICT infrastructure, while Tencent Cloud will provide cloud solutions and services, from IaaS products such as cloud virtual machine, storage, and network solutions, to PaaS products such as database and media solutions, the company said in a statement. This collaboration aims to pave the way for launching the next-generation cloud solutions and services in the Kingdom.
Dan Hu, Vice President of Tencent Cloud International for the MENA region, said:
“At Tencent Cloud, we are committed to providing high-quality and high-security cloud services to enterprises and businesses around the world. With this in mind, we are looking forward to our collaboration with Mobily, a leading telecommunications services provider in KSA, leveraging each other’s expertise to provide high-performance and reliable cloud solutions in the country.”
The collaboration also highlights the use of Tencent Cloud Enterprise (TCE), an enterprise-grade private cloud platform leveraging on Tencent Cloud’s established product system. Omar Alrashid, Chief Corporate Strategy & Digitalization Officer of Mobily, said:
“There is a new industry reality that partnering with cloud service providers has become a strategic imperative for both parties. The question is not anymore whether we will partner or not. It is about which business model and how to start the collaboration. We are glad to announce today that we signed an MOU with one of the world’s leading cloud service providers, Tencent Cloud, as we aim to expand our cloud solutions and services. Building on Tencent’s years of experience and expertise in various fields. Mobily is confident that our collaboration with Tencent Cloud will add value to KSA’s digital transformation.”
The digital economy is growing and we still have a very good prospect of growth- from 2-3% to an average of 8%. This means tripling the current status of digital business contributions into the economy, which is very huge. To achieve this kind of growth, strong connectivity assumes significance. Connectivity- whether undersea or subsea is growing at a fast pace, in the Middle East. This has resulted in many of the hyperscalers such as Amazon, Google, Alibaba, Tencent and others to set up base in the Middle East.
Read more at : https://w.media/middle-easts-path-to-a-digital-economy/