An international company presents a proposal to the Central Bank for Investment in the field of transforming the Iraqi economy into digital

An international company presents a proposal to the Central Bank for Investment in the field of transforming the Iraqi economy into digital

2023-04-11 23:57

An international company presents a proposal to the Central Bank for Investment in the field of transforming the Iraqi economy into digitalShafaq News/ The Central Bank of Iraq announced today, Tuesday, that its governor, Ali Mohsen Ismail, met yesterday, Monday, with a delegation from (Ironpoint Iconic).

This company is one of the largest owners of data centers in the world, and operates in more than 26 markets in the United States, Europe and Asia, and the company owns data centers for the largest global technology companies with the development and operation of those centers, including Apple, Microsoft, Google, and Amazon.

After the meeting, the governor stated that he had received a presentation from the company regarding global growth trends in the data center market, whose profits are expected to double in the next four years to reach about $720 billion, indicating that the company is looking forward to investments and development of data centers in Iraq to facilitate the transformation of the Iraqi economy into digital.

He also stressed the desire of the Central Bank of Iraq to develop its infrastructure, and the need to store and operate data on Iraqi soil to protect national security, and in line with international best practices.

shafaq.com