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Mobi Egypt Inks Joint-Venture Agreement with Saudi Arabia’s Al Rajhi Telecom

Mobi Egypt (www.mobi-egypt.com), a leading innovator and provider of cutting-edge data center and digital infrastructure solutions announced today their new joint-venture with Al Rajhi Telecom. Through the joint-venture, Mobi Egypt and Al Rajhi Telecom will deploy data center and digital infrastructure projects incorporating the capabilities of both partners in executing hyperscale data centers and ICT projects. The agreement is a testament to Mobi Egypt’s extensive expertise in delivering world class data center projects.

Eng.Emad El Fakharany, CEO, Mobi Egypt commented by saying, “We are delighted to sign such an important joint-venture agreement with Al Rajhi Telecom, one of the premier ICT solutions providers in Saudi Arabia.  Together, we will leverage the strengths of both companies to deliver best of breed technologies throughout Saudi Arabia, in line with Saudi Vision 2030.”

Sheikh Naser Al Sultan, Chairman of Al Rajhi Telecom added, “Al Rajhi Telecom is pleased to work with such an esteemed partner such as Mobi Egypt.  With their impressive record in executing large scale projects, it complements Al Rajhi Telecom’s deep seated expertise in data center and ICT infrastructure projects which spans decades of achievement.  We are confident of a fruitful and successful joint-venture.”

Saudi Vision 2030 is the roadmap to leverage the Kingdom’s unique strengths to diversify the economy, empower its citizens, create a vibrant environment for both local and international investors, and establish Saudi Arabia as a global leader.

In its current phase, Saudi Vision 2030 has accelerated efforts to transform the Kingdom to an innovation-driven digital economy.  Central to this is further investments in key sectors such as the ICT sector and undertaking ambitious projects. This has yielded tangible results across the country.

Such projects include multi-billion dollar investment in the build out and development of hyperscale data centers needed to accelerate digital transformation, increase the adoption of emerging technologies and bolster technology transfer as well as digital investments.

As a top tier ICT solutions provider and system integrator, Al Rajhi Telecom leverages their expertise in hyperscale build outs to offer customized solutions designed to enhance efficiency.

“Hyperscale data centers are at the heart of the Kingdom’s vision to speed implementation of a digital economy and position itself as a leading data hub.  Through our extensive experience Al Rajhi Telecom is well positioned to support Saudi Arabia’s digital transformation goals,” added Al Sultan.

With its 25 years of experience in digital infrastructure, Mobi Egypt is well placed to undertake large scale projects in support of Saudi Vision 2030.  The company boasts vast expertise in engineering, design and build out of hyperscale data centers and ICT infrastructure projects throughout the MEA region.  This is backed by more than 900 qualified and well-trained engineers and technicians.

This is also in line with Al Rajhi Telecom’s objectives of working with innovative skilled partners, using best of breed technologies as well as the Kingdom’s goals of job creation and knowledge transfer. New projects under the joint-venture are expected to commence in the coming period.

 “As we undertake projects under this joint-venture in the coming period, new projects will be executed using both existing technical teams and new hired technical staff, thereby creating more jobs and assisting in the process of knowledge transfer to the Saudi market, concluded El Fakharany.”

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