JCIF acquires significant stake in Aqaba digital city group

JCIF acquires significant stake in Aqaba digital city group
(Photo: Jordan News Agency, Petra)
AMMAN — In a significant stride for Jordan's digital transformation landscape, the Jordan Capital and Investment Fund (JCIF) has announced its acquisition of a substantial stake in the Aqaba Digital City Group.اضافة اعلان

Hosting the foremost data center in Jordan, Aqaba Digital City Group boasts a capacity of 6 megawatts. This places it among the elite neutral data centers across the Middle East and North Africa (MENA) region, Jordan News Agency, Petra reported.

This collaboration was solidified on Thursday, with the official signing attended by the minister of investment, Kholoud Saqqaf, Chairman Nayef Fayez of the Aqaba Special Economic Zone Authority, deputy governor of the Central Bank of jordan, Khaldoun Wishah, chairman of the telecommunications regulatory authority, Bassam Sarhan, and a delegation of eminent figures from the private sector.

Suites of digital amenities
JCIF, underwritten by 16 commercial and Islamic banks, stands as Jordan's most substantial investment fund, backed by a staggering JD275 million. They offer a suite of digital amenities, encompassing a neutral maritime submarine cable launching station, a digital cloud services platform, the Aqaba Internet Exchange Point (AqabaIX), state-of-the-art fiber optic internet networks, international communication amenities, and satellite services.

Tracing back to 2017, Iyad Abu Kharma established Aqaba Digital City as a regional communication nexus with avant-garde IT infrastructure and cloud services. Its credentials extend to hosting the Blue Raman submarine cable, connecting Asia and Europe, which positions Aqaba Digital City to proffer advanced cloud services, international gateway amenities, and a slew of other tech-driven solutions, catering to Jordan and the wider region.

Strategically nestled within Aqaba, the city's data centers serve as a bedrock for business continuity and disaster recovery, fortifying the resilience of Jordan's banking sector through its secure infrastructural fabric.

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