Friday, December 3, 2021

Slide
Home Data Centers Data centre: Dubai’s DAMAC to invest in Italy

Data centre: Dubai’s DAMAC to invest in Italy

A spokesman for DAMAC said the company is open to several options, including buying already existing data centre sites and creating joint ventures with other partners

Dubai’s property firm DAMAC looks to invest in data centre sites in Italy, the company’s founder Hussain Sajwani said on Monday. When asked whether the group was considering any further investments in Italy, “We are looking at data-centres”, Sajwani said at a news conference on Monday.

Through his private investment company Vision Investments, which is part of the DICO Group, owner of luxury resorts, hotels and shopping malls, Sajwani rescued Italian fashion group Cavalli in November 2019. Cavalli on Monday announced plans to open a skyscraper in Dubai in collaboration with DAMAC.

Demand for cloud services from businesses is surging in Italy, partly triggered by the coronavirus pandemic, while Rome has earmarked some 1.9 billion euros ($2.23 billion) to promote the use of cloud services across offices of its public administration and to upgrade the country’s data storage facilities.

A spokesman for DAMAC said the company is open to several options, including buying already existing data centre sites and creating joint ventures with other partners.

Also readCIO News interviews Shri Wangki Lowang, Minister (IT) of Arunachal Pradesh

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics.

CIO News also covers the professional journeys of CIOs across all industries through print articles.

khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -1x1 banner1x1 banner1x1 banner1x1 banner

Most Popular

Distributed Artificial Intelligence Research Institute founded by Gebru after being fired from Google

AI needs to be brought back down to earth, said Gebru, Founder of Distributed Artificial Intelligence Research Institute Being fired from Google after sending an...

Data protection law to be beneficial for research, Kris Gopalakrishnan

To make the data available in a reliable format, in a format that is useful for research, is where the data protection laws in fact, I...

Digital financial super app introduced by Batelco in Bahrain

The Beyon Money digital financial super app includes Visa Prepaid Cards, Stored Value Wallet, and Open Banking Connectivity, categorization of expenses and financial Insights...

Machine learning: AWS announces new features

AWS has been helping customers with their machine learning journey and achieving their business outcomes To make technologies like machine learning more accessible and cost-effective,...

Recent Comments