IDC: “Microsoft Cloud” pumps $ 39 billion into the UAE economy

Dubai (Al-Ittihad) produces the “Microsoft cloud system,” which includes the company’s partners and customers, about $ 39 billion over four years and provides about 100,000 jobs, according to a study launched by the International Data Corporation (IDC). ) during the “GITEX Global 2022” held at the Dubai Trade Center. Global.
Information released by the International Data Corporation “IDC” under the title “A Look at Microsoft’s Cloud Dividends” for the United Arab Emirates shows that between now and 2026, the total new revenue accrued over four years by “Microsoft Cloud” will be of $ 39 billion, with accumulated interest of 16.6% from cloud data center areas in Abu Dhabi and Dubai. This return will be achieved through the “Microsoft Cloud System”, which consists of “Microsoft”, its partners and its customers.
Naim Yazbek, General Manager of Microsoft UAE, said: “The results of the International Data Corporation (IDC) are a confirmation of our efforts and our firm commitment to support the government, business community, citizens and residents of the UAE. United. I would like to point out that the study launched today reflects our continued efforts to empower governments, institutions and individuals. Since opening our Abu Dhabi and Dubai data centers in 2019, Microsoft Cloud has directly helped drive economic investment, create jobs, reducing carbon emissions, and achieving progress in sustainability. ”.
Customers and partners benefiting from the “Microsoft Cloud” in the UAE and abroad come from a broad segment of the industry and government sectors and include the Abu Dhabi Digital Authority, the Ministry of Education, as well as a group of leading banks such as First National Bank of Abu Dhabi and Mashreq Bank, and in the transport sector such as “DB World” and Dubai International Airport, and at the retail sector level such as Majid Al Futtaim Retail and others.
To support local business development, Microsoft and its partner ecosystem will spend approximately $ 3.4 billion in cloud data center regions in the UAE. These new areas also help remove some of the barriers preventing the adoption of cloud computing within the region. The report also shows how the benefits accrued to partners will continue to increase. In 2023, Microsoft partners can expect to generate $ 6.40 for every dollar Microsoft earns through its cloud sites in the UAE. This figure is also expected to reach $ 8.49 by 2026.