Dubai, United Arab Emirates: International construction consultancy, Linesight, has announced several new data centre contract wins in the Middle East, growing the value of its active projects to over US$500 million.

The announcement comes as a result of the unprecedented demand for computing capacity following a dramatic move to online working due to the COVID-19 pandemic, compounded by cloud computing technologies and the notable transition to online retail.

The GCC data centre market is expected to reach revenues of over $2 Billion by 2025 with a cumulative revenue opportunity for data centre power infrastructure providers of $1 billion during 2019-2025. According to data from Arizton Advisory & Intelligence, the GCC data centre market is expected to grow at a Compound Annual Growth Rate (CAGR) of over 3% during the same  period, with companies including Etisalat, Khazna, Amazon Web Services (AWS), Khazna, Gulf Data Hub, and Datamount, the prominent investors.

Furthermore, according to a YouGov survey, 88% of IT decision-makers in the UAE decided to increase their cloud spend in 2019.

As a result of the company's expertise in cost estimation, project management, benchmarking, and strategy implementation, Linesight currently has several data centre projects underway in the Middle East.

Ciaran McCormack, Regional Director for the Middle East, Linesight, said: “Globally, the data centre market has increased exponentially in recent months as a result of COVID-19 and the way the business world now interacts. Increased reliance on the internet due to stay-at-home measures, remote working, and social distancing have all contributed to an increase in market demand.

“Although the pandemic has undoubtedly highlighted the trend, the growth of the data centre market is something we have witnessed for several years. As such, this is an area of our business where we have placed heightened emphasis. With an 84% repeat business rate within our network of Tier One clients, we have developed a reputation as the ‘go-to’ consultants for project and cost management of data centres in the Middle East and the rest of the world.”

“Government initiatives such as Saudi Vision 2030, Dubai Vision 2021, and New Kuwait Vision 2035, are expected to be the driving forces behind DC growth in the MEA region. This is compounded by the growth of cloud, big data, and IoT services, as well network upgrades to support 5G. Post COVID-19, we expect further demand for data centres as businesses in the Middle East adapt to a new working environment," said McCormack.

Since opening its Middle East regional office in Dubai in 2008, Linesight has completed data centre projects in the GCC with a capital value of over US$1.5 billion, including providing cost management services on the first modular DC project in the region.

"Our understanding and expertise in delivering the critical infrastructure required for our clients ensures we provide a seamless service of the utmost quality while delivering cost-saving wherever possible," concluded McCormack.

Linesight has a global reach, with staff in 22 offices around the world, including the Middle East, Europe, Asia Pacific, and the USA. The company is currently working in more than 40 countries on project developments worth more than US$31 billion globally and US$7 billion in the GCC.

For more details, please visit www.linesight.com 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.