mCloud Technologies Corp announced that it is establishing a new regional office in Bahrain to bring its AssetCare offering to customers across the Middle East. Through AssetCare and a multitude of already established business relationships, the company expects to rapidly attract both new customers and multi-line revenues across all segments of mCloud’s business.
“We anticipate the creation of meaningful revenues in the Middle East in the second half of 2020,” said Costantino Lanza, mCloud’s chief growth officer. “Businesses, such as Saudi Aramco with their recent announcement of a new chief digital officer, are investing heavily in digital transformation and the use of new technologies to generate efficiencies, making AssetCare an ideal platform for all the energy infrastructure in the region.”
“The mCloud team already has very strong relationships with many years of experience delivering asset management capabilities in the Middle East, along with a deep understanding of how to do business in the region,” Lanza added.
Known for its business-friendly environment, Bahrain is centrally located within the oil-rich Gulf region and provides easy access to key customers in Saudi Arabia, the UAE, Kuwait, and Oman, among others.
The company plans to offer the full array of AssetCare capabilities throughout the Middle East. Process industry customers in the region, including oil and gas and petrochemical businesses such as Saudi Aramco and SABIC, are already in discussions to evaluate mCloud’s smart process solutions, including the AssetCare 3D Digital Twin capabilities announced in October.
In addition to these process industry solutions, the company sees opportunities to bring its energy-saving solutions for HVAC assets to buildings in the hot climate across the Arabian Gulf as the region tackles rising energy costs and the demand for energy conservation capabilities continues to grow.
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