Dubai, UAE, 27 December 2023: Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), signed an agreement with Dubai Islamic Bank (DIB), a pioneer in Islamic banking, enabling the bank to leverage Moro Hub’s state-of-the-art green data centre facilities located in the Mohammad Bin Rashid Solar Park.
The agreement was signed during COP28 UAE at Expo City Dubai. The signing ceremony was addressed by Mohammad Bin Sulaiman, Chief Executive Officer of Moro Hub and Obaid Al Shamsi, Chief Operating Officer of Dubai Islamic Bank in the presence of several other VIPs and notable dignitaries from both parties.
“Moro Hub’s green data center offers cutting-edge solutions powered by sustainable energy, and by choosing our solar-powered data centre, Dubai Islamic Bank is not only enhancing the efficiency and security of its digital operations but also contributing to the UAE’s national agenda for sustainability. We look forward to supporting them in their digital transformation journey,” said Mohammed Bin Sulaiman, Chief Executive Officer of Moro hub.
Recognised as the world’s largest solar-powered data centre by the Guinness World Records, the facility is located at the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, utilizes clean and renewable energy sources to reduce its carbon footprint, making it an ideal choice for companies like DIB that prioritize environmental responsibility.
“We are delighted to partner with Moro Hub. Hosting some of our strategic services in their green data centre, powered by renewable energy, marks a thrilling advancement in our operations. This strategic move underscores our dedication to environmental sustainability and mirrors our commitment to maintaining the utmost standards in security, reliability, and efficiency within our digital infrastructure. This partnership not only aligns seamlessly with our goals for sustainability and digital security but also represents a significant stride towards responsible and efficient digital practices,” said Obaid Al Shamsi, Chief Operating Officer of DIB.
This collaboration between Dubai Islamic Bank and Moro Hub marks a significant milestone in the financial industry’s embrace of sustainable practices, underscoring the importance of green technology and positioning DIB as a leader in environmentally conscious digital innovation.
About Moro Hub:
As part of 10X, Dubai Electricity and Water Authority (PJSC) mobilised its innovation unit to create a new entity called Digital DEWA, which uses innovation in artificial intelligence and digital services to meet the current and future requirements brought about by the 4th industrial revolution. This entity required an innovative, agile data hub, and thus Moro Hub was established. Forming the backbone of Digital DEWA, Moro Hub was introduced to fulfil the need for an innovative and agile data centre. Through its purpose-built, industry-accredited data hub, Moro Hub uses its expertise, capabilities and alliances to contribute to the digital transformation of society. Trusted to secure, manage, and integrate data, Moro Hub is committed to providing value through customer-centric innovation, creating new opportunities now and in the future. For more info, please visit www.morohub.com.
About Dubai Islamic Bank: Established in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE by assets and a public joint-stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world’s first full-service Islamic bank and the second-largest Islamic bank in the world. With Group assets over USD 80bln and a market capitalization of more than USD 10bln, the group operates with a workforce of more than 10,000 employees and around 500 branches in its vast global network across the Middle East, Asia and Africa. Serving over 5 million customers across the Group
