Rapid growth of regional opportunities in cloud technology
Cloud traffic is growing faster in MENA than anywhere else in the world. As the first Gulf country to adopt a nation-wide ‘cloud-first’ policy, Bahrain is ideally placed to take advantage of the opportunities this trend is creating in areas such as business services outsourcing, cybersecurity, digital entertainment and e-commerce.
USD 8.79bn
Value of MENA cloud market funds is expected to reach USD $8.79bn by 2022
27%
CAGR cloud services market in MENA
83%
Of regional traffic is projected to be consumed by cloud services
(Cisco)
Cloud-First Policy
How is cloud computing enabling businesses to achieve success? Cloud services present new opportunities for innovation, scalability and cost savings globally. Bahrain is committed to promoting and adopting a forward-thinking approach to data and cloud computing services with our Cloud-First Policy across both the public and private sectors.
Four fundamental pillars
Our Cloud-First Policy is based on four fundamental pillars of cloud computing: Adoption of public clouds; a preference for cloud IAAS & SAAS across government IT; training options for Bahrainis seeking to acquire cloud skills; and grant credit support for businesses transitioning into the cloud.
Testbed opportunity
With our Cloud-First Policy and business-friendly environment, Bahrain is the perfect testbed for cloud infrastructure companies to launch innovative products across the region. By 2021, the MENA region is expected to have the highest cloud traffic growth rate at 35% CAGR (Cisco).
Ready to support cloud computing business opportunites
Business ready
MENA’s IT spending is expected to grow 3.4% in 2019 to reach $155.3bn, with software leading a 12.7% growth and IT services at 4.5% growth. (Gartner)
Revenue from Cloud-based virtual desktop infrastructure is forecasted to continue growing at an annual rate of 12% over the 10 year period to reach USD $1.5bn by 2023. (Visiongain)
Global connectivity
Bahrain lands 6 terrestrial and submarine cables (FOG, FALCON, GBI, TGN-Gulf, KFC, and GCCIA), and offers redundancy routes to Europe and the Far East that help maintain a competitive advantage in e-business services. Further cables are under development. Licensing for additional stations and cables into Bahrain is available for investors.
Cloud educational programmes
With the cloud playing an important strategic role in the development of our digital ecosystem, Bahrain has also invested in a number of key educational and training initiatives to equip graduates with the specific skills demanded by employers in a cloud-first economy.
World class regulation
Alongside its Cloud-First Policy, Bahrain is built on a strong regulatory framework that is always evolving to the needs of businesses, most recently to include the provision of cloud computing services to foreign parties and innovative data jurisdiction.
Who’s Here:
These companies are already enjoying the opportunities within Bahrain’s cloud computing sector.
Get in touch
Want to learn more about cloud computing business opportunities and services for your company in Bahrain? Our management team at BahrainEDB is well versed in cloud computing services and investment as well as other aspects of cloud tech software, platforms, applications and services.
