Masdar City has signed a Memorandum of Understanding (MoU) with Oracle in order to offer high-quality information and communication technology (ICT) services to Masdar City Free Zone tenants.
Under the MoU, both Masdar City and Oracle will also work together to facilitate technology research through collaboration between both tech ecosystems.
The members of Masdar City’s Free Zone will get access to the latest industry-specific Oracle Cloud solutions, digitalization tools, training programs, and advanced technologies, further enhancing Masdar City’s sustainable business ecosystem. The Masdar City Free Zone is already home to over 1,000 innovative companies of all sizes, from startups to multinationals.
Mr. Mahmoud Al Hosani, Masdar City’s executive director of finance and support services, said that, “The new agreement between Masdar City and Oracle will add substantial value to each member of our innovation ecosystem. In addition to gaining access to advanced digital technologies and cloud solutions, they’ll also benefit from joint events and workshops that will encourage innovation and add to the climate-change solutions being created here every day.”
“Masdar City is a model sustainable urban community, and our collaboration will support the deployment of the latest cloud technologies for boosting innovation and enhancing research into more responsible living options,” said Mr. Nick Redshaw, senior vice president – Tech Cloud, Middle East and Africa, and UAE country leader at Oracle.
Last month, Sheikh Zayed Housing Program (SZHP), an initiative under the Ministry of Energy and Infrastructure (MoEI), signed an MoU with Masdar City in order to advance the housing and urban development sectors in the UAE.