The du stand at Gitex Global in Dubai. The telecoms operator had announced in June last year that it would use Oracle Alloy to offer hyperscale cloud and sovereign AI services. Pawan Singh / The National
The du stand at Gitex Global in Dubai. The telecoms operator had announced in June last year that it would use Oracle Alloy to offer hyperscale cloud and sovereign AI services. Pawan Singh / The National
The du stand at Gitex Global in Dubai. The telecoms operator had announced in June last year that it would use Oracle Alloy to offer hyperscale cloud and sovereign AI services. Pawan Singh / The National
The du stand at Gitex Global in Dubai. The telecoms operator had announced in June last year that it would use Oracle Alloy to offer hyperscale cloud and sovereign AI services. Pawan Singh / The Natio

Du to offer cloud and sovereign AI services from July


Aarti Nagraj
  • English
  • Arabic

Dubai telecoms operator du will start offering its sovereign cloud and artificial intelligence services in the UAE in July, tapping into the growing demand for the technologies locally.

“We are targeting to on-board clients with the time of the announcement,” Jasim Al Awadi, du's chief ICT officer, told The National at the Oracle CloudWorld event on Wednesday.

The telecoms operator had announced in June last year that it would use Oracle Alloy to offer hyperscale cloud and sovereign AI services for government and public sector entities, focusing on Dubai and the Northern Emirates.

“We are targeting the UAE market. Our infrastructure is there to fulfil the market of UAE,” Mr Al Awadi said.

Jasim Al Awadi, chief ICT officer at du, said competition is good for the market. Pawan Singh / The National
Jasim Al Awadi, chief ICT officer at du, said competition is good for the market. Pawan Singh / The National

Du is using Oracle Alloy, a cloud infrastructure platform, becoming “the first local hyperscale cloud provider to offer a comprehensive set of cloud services branded under its portfolio”, according to the company. A hyper-scaler is a cloud provider that operates a large-scale data centre network to offer computing, storage and other technology services.

It will also be competing with companies like Microsoft, Amazon and Google in the UAE market.

“The market is open. We are competing with everyone fairly. We are building our value proposition with other features that we have, and the client is there to choose. Having an open market and competition is good for everyone,” Mr Al Awadi said.

Last year, du executives said that the company’s services would be more affordable for the local market.

“We understand the client requirements because on our level, as a service provider, we are with the clients on a day-to-day basis. So … you put forward the right value proposition with the right price, it's a combination of everything. We are not targeting only price, we are targeting quality, price, evolution of technology and backing you up with the right operational skill set,” Mr Al Awadi said.

There is growing demand for sovereign cloud providers amid the shift towards national security and data privacy. The $37 billion sovereign cloud infrastructure as a service market is forecast to grow at a five-year compound annual growth rate of 36 per cent to reach $169 billion in 2028, Gartner said in a report last year.

Market growth will be led by rising regulatory demand for data sovereignty, as well as stronger requirements for operational independence and technological autonomy, it said.

“Each and every client here regulates his own needs,” Mr Al Awadi said. He added that companies assess whether the needs of the workloads are critical and if so, they need sovereign services. If non-critical, the workloads can go to the public cloud.

Nick Redshaw, Oracle’s senior vice president for technology cloud and UAE country leader, also said it's not necessarily individual clients.

“There are regulations in the UAE with respect to different types of data. So some data can be put on the public cloud. Some data has incremental regulations applied to incremental security that, by definition, require a level of sovereignty,” he said.

Company profile

Name: Back to Games and Boardgame Space

Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)

Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)

Based: Dubai and Abu Dhabi 

Industry: Back to Games (retail); Boardgame Space (wholesale and distribution) 

Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space  

Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

A little about CVRL

Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.

One of its main goals is to provide permanent treatment solutions for veterinary related diseases. 

The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery. 

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

UAE currency: the story behind the money in your pockets
The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

Updated: January 22, 2025, 12:55 PM