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[Company news]Meraas Signs with Alibaba to Establish Technology Company on Cloud Computing Services in MENA region

More Posted time:Nov 25, 2015 19:37 PM
Meraas Signs Deal with China’s E-Commerce Giant Alibaba to Establish Technology Company to Boost Big Data and Cloud Computing Services in the MENA Region

Joint Venture to Offer System Integration Services to Help Customers Reduce IT Spending
Company to be Headquartered in Dubai

Dubai-UAE/Hangzhou-China: 12 May, 2015 – Meraas, a leadin Dubai-based holding company, and Aliyun, Alibaba Group’s cloud computing subsidiary, today signed a deal to setup a new technology enterprise that offers system integration services to private companies and government institutions in the MENA region.
The agreement was signed by Abdulwahab Al Halabi, Group Chief Investment Officer of Meraas and Sicheng Yu, Vice President of Alibaba Group in the presence of His Excellency Abdulla Al Habbai, Group Chairman of Meraas and Jack Ma, Founder and Executive Chairman of Alibaba Group at the Alibaba campus in Hangzhou, China.

Headquartered in Dubai, the new joint venture will specialize in application development, service-oriented architecture, testing, validation, citizenship e-services and Big Data operations with a special focus on analytics, revenue-generation and payment solutions. The enterprise will support potential clients in achieving stronger business results, help them respond rapidly to market changes, and transform their business and IT services.

Commenting on the partnership, His Excellency Abdulla Al Habbai said: “In line with the initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to transform the emirate into a smart city, the company will offer services that contribute to the six key pillars including transport, communications, infrastructure, electricity, economic services and urban planning. We strongly believe that the new company will alter the information technology landscape of the region.

“Alibaba, our chosen partners have an excellent global track record of offering world-class services to clients. Together, we aim to raise industry standards and provide state-of-the-art technology solutions that contribute to translating the objectives of our visionary leadership.”