New Abu Dhabi Joint Venture Targets Secure Cloud and AI Innovation for National Data Sovereignty
A new venture has been created with Phoenix Technologies AG and AAA Commercial Enterprises LLC by EHC Investment L.L.C at Abu Dhabi, UAE. Here is a project with the goal to provide advanced AI solutions and sovereign cloud infrastructure all over the United Arab Emirates and neighboring countries. This transaction is binding legally by Memorandum of Understanding (MoU) signed in Abu Dhabi.
The joint company with its headquarters located in Abu Dhabi, has partnered to ensure increasing need for digital infrastructure which will be secure, scalable and sovereign. In addition to this, a strong foundation will also be provided for data sovereignty and AI-driven innovation by integrating the strong regional operational capabilities of AAA Commercial Enterprises, the Swiss-based ICT and secure cloud execution expertise of Phoenix Technologies, and the regional investment leadership of EHC.
Some of the Primary Goals of this joint venture includes;
- Sovereign Cloud Infrastructure: A structure which will build cloud systems which protects inside national boundaries, compliance to regulations and proper security.
- Protect Data Platforms: Providing that assures private data from different sectors from businesses, governments are secured.
- AI Computing Solutions: Adopting the use of advanced AI technologies to advance digital transformation in businesses including logistics, healthcare, and finance.
Moustafa Rashad, Group CEO of EHC, explained that this collaboration enhances EHC’s goals of building the future of digital infrastructure in the region.
He added that, “Together with Phoenix and AAA, we are establishing a robust foundation for sovereign cloud and AI platforms that support national priorities and our shareholder goals, accelerate digital transformation, and deliver sustainable value at scale.”
This project fits into the larger plan of UAE to ensure national data assets are protected while striving to improve a global center for technology. With its operations anticipated to progress soon, the initiative will align with the following regulatory clearances and the selection of major initiatives in line with a growth roadmap.