The partnership marks G42’s latest strategic investment in international markets
ABU DHABI, United Arab Emirates – October 10, 2022: G42 the leading UAE-based AI and cloud computing technology company, today announced a strategic equity-based partnership with ‘Benya Technologies’, the leading digital and ICT infrastructure provider in Egypt and the MEA Region, to deliver AI and critical telecom infrastructure in Egypt.
‘Benya Technologies’ is a key enabler of digital transformation and infrastructure in the Egyptian market, bringing sound experience in system integration and data centers. Through the partnership, G42 aims to provide the capital and technologies needed to develop Egypt’s digital sector further, delivering artificial intelligence and critical digital infrastructure, such as data centers, telecommunications towers, and cloud technology. G42’s investment in ‘Benya Technologies’ illustrates the company’s commitment to Egypt as a strategic market for growth and entry point to the broader MEA region.
The partnership was signed during GITEX Global in Dubai, at the G42 stand, by Mansoor Al Mansoori, G42 Group Chief Operating Officer, and Eng. Ahmed Mekky, Chairman, Founder, and CEO of ‘Benya Technologies’. As part of the agreement, G42 will have a seat in Benya’s Board of Directors.
Mansoor Al Mansoori, Group Chief Operating Officer, G42 said: “As a board member and strategic investor, G42 will collaborate with ‘Benya Technologies’ to usher in the next era of digital growth for Egypt and the North African region. Both G42 and ‘Benya Technologies’ have been working tirelessly to deliver digital transformation solutions and AI-powered infrastructure in our respective home markets, so the synergy and excitement to work towards our shared goals feels natural. We look forward to working with ‘Benya Technologies’ to strengthen the technology sector throughout the country and the wider region.”
Ahmed Mekky, Chairman and CEO of ‘Benya Technologies’, remarked that the investment of “G42” in ‘Benya Technologies’ comes as confirmation and support for the group’s achievements and the group’s successful projects such as government and private sectors, banking, and telecommunications sector. Mekky added “this reaffirms that “G42’s” presence as a partner in the group will give a highly competitive advantage as they are key players and advanced in the field of artificial intelligence and cloud computing in the UAE. Mekky concluded that this cooperation will serve ‘‘Benya Technologies’ expansion plans in Egypt and Middle East focusing on modern and advanced technologies.