Meraas and AliCloud to Spotlight Technology JV at GITEX Technology Week 2015

• Yvolv to Discuss Offerings at GITEX Global Leaders’ Summit
• New Venture Headquartered in Dubai

Dubai-UAE: 18 October, 2015 – Meraas, a leading Dubai-based holding company, and AliCloud, Alibaba Group’s cloud computing subsidiary, are set to launch Yvolv, the joint venture set up between the two companies, at GITEX Technology Week 2015.

During the five day GITEX event that will run from October 18-22 at the Dubai World Trade Centre, Meraas and AliCloud will host VIPs and key decision makers at the GITEX Global Leaders’ Summit to introduce Yvolv’s products and services and share with attendees the ambitious growth plans of the enterprise.

The agreement to set up Yvolv, a new technology enterprise that offers state-of-the-art, customized solutions in cloud computing, digital consulting, system integration, entrepreneurship and training to private companies and government institutions in the MENA region, was signed in May 2015 between Abdulwahab Al-Halabi, Group Chief Investment Officer of Meraas and Sicheng Yu, General Manager of AliCloud International at Alibaba headquarters in Hangzhou, China.

Headquartered in Dubai, Yvolv delivers scalable and flexible solutions in a secure and state-of-the-art set up. The company also provides bespoke customized products and functionalities in a first of its kind offering especially in cloud computing, which is unparalleled in this region. Yvolv will support potential clients in achieving stronger business results, help them respond rapidly to market changes, and transform their business and IT services.

Commenting on the participation, Abdulwahab Al Halabi said: “In line with the initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to transform the emirate into a smart city, we have partnered with AliCloud to establish Yvolv in Dubai.

“With our new venture focused on the technology sector, GITEX is the ideal platform to officially reveal the joint venture brand, Yvolv, and announce the commencement of its operations. This exhibition convenes big players in the arena that we consider as our target audience – both as partners and customers.

We look forward to a mutually beneficial interaction at this year’s GITEX Technology Week where we will introduce some of Yvolv’s products and services to the market and discuss potential projects for the future.”

"We are glad to officially introduce Yvolv to our MENA customers at GITEX Technology Week 2015. The new company will make AliCloud’s highly scalable cloud computing and data management services readily available to support our client's business development especially in the UAE and wider region," said Sicheng (Ethan) Yu, Vice President, AliCloud.

In addition to the joint session on ‘Driving the transformation to Data Technology’ on the third day of the GITEX Global Leaders’ Summit where Abdul Wahab Al-Halabi and Sicheng (Ethan) Yu will unveil Yvolv and discuss ways of putting the customer experience first while exploiting opportunities that data technology offers, Yu will headline a session titled ‘Future of innovation and the converging forces of change’ on the first day of the summit. Abdul Wahab Al-Halabi will also participate in a panel discussion titled  ‘Orchestrating the smart city story – what future cities could and should look like’ on the first day of the event, and a second panel discussion titled ‘The next big thing is here – 28 billion reasons to evaluate it’ on day two of the event.