Bahrain sovereign wealth fund reduces IT costs by 50% with AWS

Sheikh Khalid bin Abdulla Al Khalifa, Deputy Prime Minister and Chairman of Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has recently announced the successful migration of the company’s IT infrastructure to the Amazon Web Services (AWS) cloud and the closure of its onsite and offsite data centres.

“There’s still a lot to do,” says Souq.com CEO

Speaking at the Seamless Middle East forum in Dubai today, Ronaldo Mouchawar, CEO and founder of Souq.com, said that the $580 million Amazon acquisition in 2017 put the UAE at the forefront of technology innovation, but there is still much to be done in the region’s e-commerce space.

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