6 March 2017
ICT Minister Witnesses launching Strategic Partnership between Silicon Waha, NxtVn

The Minister of Communications and Information Technology Yasser ElKady witnessed, today, the ceremony of signing a Memorandum of Understanding (MoU) between Egyptian Silicon Waha and global Finnish NxtVn to establish a cluster of giant data centers in Borg El-Arab Technology Park, in Alexandria, on an area of 60,000 square meters.

Under the agreement, a joint stock company will be set up to establish the infrastructure and develop clusters of data centers to link between data transmission and Internet service providers of major international companies and content service providers locally and internationally.

The signing ceremony was attended by the Information Technology Industry Development Agency (ITIDA) CEO Asmaa Hosni and the Chairperson of NxtVn in Finland, NxtVn Group Vice-President, the former Finnish Minister of Communications and Member of the Finnish Parliament Suvi Linden. This is in addition to NxtVn Group Board Director Adrianus Melkert and a number of executives and officials at the Ministry of Communications and Information Technology (MCIT) and ITIDA.

ElKady stated that this agreement reflects investors’ confidence in the investment climate in Egypt, especially the ICT sector, which provides all the facilities for investors to enter the Egyptian market. He added that the sector achieved growth rates of more than 11.2%, contributing to Egypt's national income by up to 3.2% and providing thousands of job opportunities for young people in a number of specialized areas needed by the Egyptian, regional and global market.

Moreover, Hosni said that the data center cluster, set to be established in Borg Al Arab Technology Park, will serve as a focal contact point between the East and the West by taking advantage of the submarine cables and outstanding location of Egypt as a meeting point between Asia, Africa and Europe, contributing to the improvement of efficiency, speed of response and the transfer of data on a global level.

For his part, NxtVn Deputy CEO Nagi Anis said that the company selected Borg Al Arab Technology Park for its distinct geographical location and high quality infrastructure. This is in addition to the availability of large areas required for establishing the giant data center cluster through which the company will serve its customers overseas. He added that the company aimed to pump investments in the Egyptian market at value of 40 million euros over the next four years.

NxtVn is one of the largest specialized companies in creating and managing data centers clusters, for major international companies of data and communication centers services providers in Europe and USA, thanks to offering access networks and open connection points. Founded in 1994, the company applies Amsterdam Stock Exchange Internet standards, which is one of the largest entities and combines Internet service providers from around the world. The company has a number of offices in London, Helsinki, Dubai, in addition to its headquarters in the Finnish capital, Amsterdam.

NxtVn is also building and developing a set of global data center clusters that seeks to create a unique environment for all operators of data centers that rely on big data and cloud computing techniques, where they can build, operate and grow their businesses in a reliable, secure and scalable ecosystem.

The agreement was signed by Waha Silicon Chairman Ahmed El-Sobky, and NxtVn® Deputy CEO and the company’s authorized BoD member Nagi Anis.

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