Abu Dhabi Global Market (ADGM), an international financial center located in UAE’s capital emirate announced a partnership with Rackspace Technology (NASDAQ:RXT), in order “to collaborate on a number of strategic technology initiatives.”
As a long standing global leading service provider in multi-cloud computing, technology advisory and managed services, Rackspace Technology will “support ADGM in its journey to leverage cloud computing and develop a comprehensive business data platform.”
Cloud migration will enable ADGM “to drive cost efficiencies and agility in IT operations as well as providing a modern, secure technology footprint for deployment of enhanced business services.”
The ADGM unified data platform initiative “will develop a central repository for all business data, enabling enhanced business insight and improved decision making, as well as enabling the foundation for advanced analytics and AI.”
Abdullah Al Qubaisi, Director of Technology Services at ADGM said:
“As a leading international financial centre, ADGM is committed to stimulating innovation and transformational economic growth in Abu Dhabi, the UAE and the wider region. We have seen exponential growth in the last seven years and believe that our journey to the cloud and data platform will not only help us maintain this but also help futureproof ADGM as an organization. We believe that Rackspace Technology, with its deep cloud expertise and relationships with major hyperscale public clouds, is the right partner to support us on this journey.”
George Pawlyszyn, General Manager, Middle East and Africa (MEA) at Rackspace Technology, commented:
“We are incredibly proud to be supporting ADGM in their ambitious growth and transformation journey and in turn, contributing to the economic vitality of the region. It’s exciting to see future-focused organizations like ADGM leverage the power of the cloud and analytics to realise their wider business objectives and enhance their competitive advantage.”
As covered, the Abu Dhabi Finance week witnessed the launch of Abu Dhabi Crypto Hub by Abu Dhabi Global Market (ADGM), the international financial centre (IFC) of the UAE’s capital.
Given the rapid emergence of new virtual assets such as cryptocurrencies and other related assets, ADGM claims it is “leading the way to introduce progressive frameworks and regulations around these technologies and developments.”
The launch of “Abu Dhabi Crypto Hub” is therefore “an important representation of the strategic initiatives taken by ADGM in support of economic diversification and the growing role of Abu Dhabi as a financial hub, addressing the current and future needs of the market through innovative technologies.”