https://arab.news/23rev
- The Middle East’s cloud market was expected to reach $4.5 billion by 2024
DUBAI: Chinese tech conglomerate Tencent announced on Monday its cloud division is to open a data center in Bahrain.
Tencent Cloud signed an agreement with the Bahrain Economic Development Board to launch the center later this year, marking the Chinese firm’s first milestone in the Middle East.
The Middle East’s cloud market was expected to reach $4.5 billion by 2024, growing at an annual rate of 17.5 percent, according to research by MarketsandMarkets.
In 2017, Bahrain introduced the region’s first nationwide cloud-first policy to enhance government information and communication technologies, driving the adoption of cloud across state entities and reducing IT costs by up to 90 percent.