{"id":812522,"date":"2025-02-13T05:36:54","date_gmt":"2025-02-13T10:36:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ooredoo-and-iron-mountain-partner-to-accelerate-data-centre-growth-across-mena\/"},"modified":"2025-02-13T05:36:54","modified_gmt":"2025-02-13T10:36:54","slug":"ooredoo-and-iron-mountain-partner-to-accelerate-data-centre-growth-across-mena","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ooredoo-and-iron-mountain-partner-to-accelerate-data-centre-growth-across-mena\/","title":{"rendered":"Ooredoo and Iron Mountain Partner to Accelerate Data Centre Growth Across MENA"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Ooredoo and Iron Mountain Partner to Accelerate Data Centre Growth Across MENA<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Strategic partnership to accelerate expansion of MENA Digital Hub Ooredoo\u2019s data centre platform, and support the growth of cloud and AI deployments<\/b><\/li>\n<li><b>Iron Mountain\u2019s minority equity stake will bring global expertise to optimise operations, accelerate infrastructure development and scalability<\/b><\/li>\n<li><b>Partnership to meet the rising demand for colocation, AI, Cloud services and hyperconnectivity in the region<\/b><\/li>\n<\/ul>\n<p>DOHA &amp; PORTSMOUTH, N.H.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nOoredoo Group and Iron Mountain today announced a landmark strategic partnership, which will see the global leader in information management services take a minority equity stake in Ooredoo\u2019s carrier-neutral data centre company, MENA Digital Hub.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250213977047\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250213977047\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 320px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250213977047\/en\/2380964\/4\/Aziz_Aluthman_Fakhroo_Group_CEO_Ooredoo.jpg\" alt=\"Aziz Aluthman Fakhroo, Group CEO, Ooredoo (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Aziz Aluthman Fakhroo, Group CEO, Ooredoo (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nThe partnership will enable Ooredoo to expand its MENA footprint of hyperscale and AI data centre infrastructure, combining the strength of the company\u2019s local development and operational track record with Iron Mountain\u2019s global operating expertise.<\/p>\n<p>\nIn addition to industry expertise, Iron Mountain will provide MENA Digital Hub with specialised advice in the design, construction and daily operations of data centres to meet evolving global demands. Initial engagement will focus on operational support, infrastructure enhancement and supporting MENA Digital Hub\u2019s existing plans to further expand its data centre capacity across key markets in the MENA region.<\/p>\n<p>\nThe investment by Iron Mountain into Ooredoo\u2019s data centre platform is a testament to the growing attractiveness of the MENA region for digital infrastructure with superior growth driven by cloud services and AI and the ability to leverage globally differentiated access to power and governmental support. The platform will be uniquely positioned to further capitalize on its existing infrastructure to capture an increasing share of the fast-expanding demand, while ensuring continuous compliance with local and international regulations.<\/p>\n<p><b>Aziz Aluthman Fakhroo, Group CEO, Ooredoo, commented:<\/b> \u201cWe are excited to work with Iron Mountain, leveraging their deep expertise in hyperscaler data centres to enhance MENA Digital Hub\u2019s capabilities and drive the growth of AI-enabler data centres in the region. This partnership will provide the strategic support needed to optimise operations, accelerate infrastructure development, and scale our platform to meet the growing demand of blue-chip customers and major organisations across the region.\u201d<\/p>\n<p>\nIron Mountain, which operates in 61 countries and has more than 240,000 customers worldwide, offers a range of information management services including digital solutions, data centres, secure records storage, information governance, and asset lifecycle management. Since founding its data centre division in 2013, Iron Mountain has scaled to a global market leader, operating approximately 415 megawatts of colocation, hyperscale and AI-related capacity in 21 markets across three continents, with total potential capacity of nearly 1.3 gigawatts.<\/p>\n<p><b>Bill Meaney, President and CEO, Iron Mountain, commented<\/b>: &#8220;We are delighted to partner with Ooredoo and support the burgeoning digital transformation in the MENA region. This alliance strengthens our data centre business and demonstrates our commitment to investing in the region&#8217;s future. We see immense potential in the MENA market and are excited to leverage our expertise to drive innovation and growth alongside Ooredoo.&#8221;<\/p>\n<p>\nAs part of its strategic vision to focus on the core and monetise the digital infrastructure demand in the region, Ooredoo established MENA Digital Hub last year to pioneer the region\u2019s digital transformation by providing cutting-edge colocation services to hyperscalers and enterprises. As part of its strategic growth, the company plans to expand its capacity to over 120 megawatts through a USD 1 billion investment in the medium term.<\/p>\n<p>\nWith data centres across five markets, Ooredoo continues to lead the MENA region\u2019s data centre market. Ooredoo\u2019s existing partnerships with key hyperscalers puts the company in a unique position to leverage the strong tailwinds in the sector and maximise its business and financial outcomes.<\/p>\n<p><b>Sunita Bottse, the CEO of the MENA Digital Hub, said:<\/b> \u201cThis strategic collaboration enables MENA Digital Hub to leverage Iron Mountain\u2019s deep expertise alongside Ooredoo\u2019s market strength, reinforcing our ability to meet the escalating demand for reliable and scalable data centres across key markets in the region. It also enhances the value we deliver to both new and existing customers, solidifying our position as a key enabler of digital infrastructure growth.\u201d<\/p>\n<p>\nLate last year, Ooredoo raised QAR 2 billion in bank financing to accelerate the growth of its data centre and AI business, enabling a significant expansion of capacity and the modernisation of its data centres. The company is committed to building a new generation of energy-efficient, AI-powered data centres that will securely process IT workloads for governments, hyperscalers, enterprises, and startups, driving innovation and AI adoption across the region.<\/p>\n<p>\nThe transaction is subject to customary closing procedures.<\/p>\n<p>\nMoelis &amp; Company acted as the exclusive financial advisor and Baker McKenzie as legal advisor to Ooredoo Group. A&amp;O Shearman acted as legal advisor to Iron Mountain.<\/p>\n<p><b>About Ooredoo<br \/>\n<br \/><\/b>Ooredoo is an international communications Company operating across the Middle East, North Africa, and Southeast Asia. It serves consumers and businesses in nine countries, delivering Ooredoo a broad range of content and services through its advanced, data-centric mobile and fixed networks.<\/p>\n<p>\nAs of 31 December 2024, Ooredoo generated full-year Revenue of QAR 23 billion. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.<\/p>\n<p><b>About Iron Mountain<br \/>\n<br \/><\/b>Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. The company\u2019s broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Iron Mountain\u2019s longstanding commitment to safety, security, sustainability and innovation in support of its customers underpins everything it does.<\/p>\n<p>\nTo learn more about Iron Mountain, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ironmountain.com&amp;esheet=54205580&amp;newsitemid=20250213977047&amp;lan=en-US&amp;anchor=www.IronMountain.com&amp;index=1&amp;md5=45a0f6b5903dd20c6aab254bc3001bc7\">www.IronMountain.com<\/a>.<\/p>\n<p><b>About MENA Digital Hub<br \/>\n<br \/><\/b>MENA Digital Hub (MDH) is a leader in physical and digital infrastructure services, specializing in the design, construction, and management of data centres. With a network of operational facilities across various markets in the MENA region, MDH serves hyperscalers, colocation wholesale providers, and AI infrastructure deployments, enabling seamless digital growth in the region.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250213977047r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250213977047\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250213977047\/en\/<\/a><\/span><\/p>\n<p><b>Ooredoo contacts<\/b><\/p>\n<p><b>I<\/b><b>nvestor Relations<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:IR@ooredoo.com\">IR@ooredoo.com<\/a><\/p>\n<p><b>Media enquiries:<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:media@ooredoo.com\">media@ooredoo.com<\/a><\/p>\n<p><b>Iron Mountain contacts<\/b><\/p>\n<p><b>I<\/b><b>nvestor enquiries:<br \/>\n<\/b><br \/>Mark Rupe<br \/>\n<br \/>SVP, Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Mark.Rupe@ironmountain.com\">Mark.Rupe@ironmountain.com<br \/>\n<\/a><br \/>(215) 402-7013<\/p>\n<p>\nErika Crabtree<br \/>\n<br \/>Manager, Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Erika.Crabtree@ironmountain.com\">Erika.Crabtree@ironmountain.com<br \/>\n<\/a><br \/>(617) 535-2845<\/p>\n<p><b>Media enquiries:<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:media@ironmountain.com\">media@ironmountain.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New Hampshire Africa United States North America Middle East<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Data Management Technology Other Communications Communications Security Software Artificial Intelligence Networks Environment Hardware Sustainability<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250213977047\/en\/2380964\/3\/Aziz_Aluthman_Fakhroo_Group_CEO_Ooredoo.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Aziz Aluthman Fakhroo, Group CEO, Ooredoo (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250213977047\/en\/2380971\/3\/Bill_Meaney.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Bill Meaney, President and CEO, Iron Mountain (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250213977047\/en\/2380967\/3\/Sunita_Bottse_CEO_Mena_Digital_Hub.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Sunita Bottse, the CEO of the MENA Digital Hub (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250213977047\/en\/1640615\/3\/IM_Logo_FINAL_Color-869x245-ab36629.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250213977047\/en\/2380963\/3\/Ooredoo_Logo_ENG.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Ooredoo and Iron Mountain Partner to Accelerate Data Centre Growth Across MENA Strategic partnership to accelerate expansion of MENA Digital Hub Ooredoo\u2019s data centre platform, and support the growth of cloud and AI deployments Iron Mountain\u2019s minority equity stake will bring global expertise to optimise operations, accelerate infrastructure development and scalability Partnership to meet the rising demand for colocation, AI, Cloud services and hyperconnectivity in the region DOHA &amp; PORTSMOUTH, N.H.&#8211;(BUSINESS WIRE)&#8211; Ooredoo Group and Iron Mountain today announced a landmark strategic partnership, which will see the global leader in information management services take a minority equity stake in Ooredoo\u2019s carrier-neutral data centre company, MENA Digital Hub. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250213977047\/en\/ Aziz Aluthman &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ooredoo-and-iron-mountain-partner-to-accelerate-data-centre-growth-across-mena\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ooredoo and Iron Mountain Partner to Accelerate Data Centre Growth Across MENA&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-812522","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ooredoo and Iron Mountain Partner to Accelerate Data Centre Growth Across MENA - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ooredoo-and-iron-mountain-partner-to-accelerate-data-centre-growth-across-mena\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ooredoo and Iron Mountain Partner to Accelerate Data Centre Growth Across MENA - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ooredoo and Iron Mountain Partner to Accelerate Data Centre Growth Across MENA Strategic partnership to accelerate expansion of MENA Digital Hub Ooredoo\u2019s data centre platform, and support the growth of cloud and AI deployments Iron Mountain\u2019s minority equity stake will bring global expertise to optimise operations, accelerate infrastructure development and scalability Partnership to meet the rising demand for colocation, AI, Cloud services and hyperconnectivity in the region DOHA &amp; PORTSMOUTH, N.H.&#8211;(BUSINESS WIRE)&#8211; Ooredoo Group and Iron Mountain today announced a landmark strategic partnership, which will see the global leader in information management services take a minority equity stake in Ooredoo\u2019s carrier-neutral data centre company, MENA Digital Hub. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/ooredoo-and-iron-mountain-partner-to-accelerate-data-centre-growth-across-mena\/","og_locale":"en_US","og_type":"article","og_title":"Ooredoo and Iron Mountain Partner to Accelerate Data Centre Growth Across MENA - Market Newsdesk","og_description":"Ooredoo and Iron Mountain Partner to Accelerate Data Centre Growth Across MENA Strategic partnership to accelerate expansion of MENA Digital Hub Ooredoo\u2019s data centre platform, and support the growth of cloud and AI deployments Iron Mountain\u2019s minority equity stake will bring global expertise to optimise operations, accelerate infrastructure development and scalability Partnership to meet the rising demand for colocation, AI, Cloud services and hyperconnectivity in the region DOHA &amp; PORTSMOUTH, N.H.&#8211;(BUSINESS WIRE)&#8211; Ooredoo Group and Iron Mountain today announced a landmark strategic partnership, which will see the global leader in information management services take a minority equity stake in Ooredoo\u2019s carrier-neutral data centre company, MENA Digital Hub. This press release features multimedia. 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