GCC Countries Shifting from Oil-driven Economies to Data-Driven Economies, More than $5.5 Billion Investment to be in GCC Data Center Market - Arizton
CHICAGO, Jan. 12, 2023 /PRNewswire/ -- According to Arizton's latest research report, the GCC data center market will witness investments of USD 5.50 billion by 2028. GCC is an emerging market in the Middle East. It promotes investments from foreign entities and provides support for investments with its macro-economic policies and other incentives for investors. In GCC region, the UAE, Saudi Arabia, Oman, Kuwait, and Bahrain are working toward achieving their renewable energy targets by 2030 and 2050.
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Saudi Arabia Data Center Market - The Saudi Arabia data center market is estimated to cross USD 1.77 billion by 2027. - United Arab Emirates Data Center Market - The United Arab Emirates data center market is expected to grow at a CAGR of 7.90% from 2022 to 2027 The United Arab Emirates is among the top data center markets in the Middle East.
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