Chinese tech company Huawei has announced a $400-million-dollar investment to establish a cloud region in Saudi Arabia.
The announcement was made during LEAP 2023, the Kingdom’s largest and most comprehensive Information and Communications Technology (ICT) exhibition.
Read more: Huawei lifts enterprises to stratospheric heights
The investment aims to boost Saudi Arabia’s digital economy and provide access to more advanced and secure cloud services for government, corporate, and individuals, the firm stated.
According to the company, Huawei Cloud advocates an everything-as-a-service vision to help customers migrate to the cloud smoothly and gain the most value from it.
This renewed emphasis is based on the realization that the cloud is the foundation of digital transformation and the driving force behind a dynamic digital world. The cloud serves as the foundation for advanced technologies such as AI, Big Data, IoT, Blockchain, and others.
Huawei Cloud currently provides services in more than 170 countries and regions.
stc
Relatedly, stc Group announced its plans to deploy Blacknut’s B2B/B2B2C cloud gaming solution across the Middle East and North Africa (MENA) region, following its successful collaboration with cloud infrastructure provider Radian Arc in Bahrain and Saudi Arabia.
stc Group said that the partnership with Blacknut will allow the company to “bring gaming into its entertainment ecosystem in a seamless, personalized, and secured manner.”
According to Fortune Business Insights, the global cloud gaming market is projected to grow from $3.24 billion in 2022 to $40.81 billion by 2029.
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