INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

‘Partnerships with technology leaders help in Dubai’s digital transformation’

Equinix has 198 data centers which are located in 37 countries. (WAM)
  • Successful partnerships with leading industry players are a key enabler of Dubai’s digital transformation journey.
  • The initiative seeks to advance Dubai’s strategic objective of becoming one of the world’s top urban economies.

DUBAI, UAE – First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum on Thursday met with Charles Meyers, President and CEO of Equinix here.

During the meeting, Maktoum bin Mohammed highlighted Dubai’s keenness to strengthen collaboration with major global technology companies.

Successful partnerships with leading industry players are a key enabler of Dubai’s digital transformation journey and its development as a global technology hub, he said.

He said that serving the community more effectively and enhancing sustainable development are key aims of Dubai’s digital transformation plan.

The initiative seeks to raise the efficiency of vital sectors and advance Dubai’s strategic objective of becoming one of the world’s top urban economies, Sheikh Maktoum bin Mohammed said.

Founded in Silicon Valley in 1998, Equinix is one of the world’s leading digital infrastructure companies. It serves diverse sectors including public, financial, industrial, healthcare, retail, education and transportation.  

The company has  198 data centers which are located in 37 countries and  50 additional centers that are under development.

In 2022, the company’s revenues reached $7.263 billion, while Q1 2023 revenues amounted to $2 billion.

One of Equinix’s biggest data centers, the DX1 Dubai Data Center, is located in the Dubai Production City. The facility spans an area of 41,000 square feet.

The meeting was attended by Abdullah Al Basti, Secretary General of The Executive Council of Dubai; Helal Al Marri, Director General of Dubai’s Department of Economy and Tourism; Hamad Obaid Al Mansoori, Director General of Digital Dubai, and Malek Al Malek, Director General of the Dubai Development Authority.