Al-Alaq: A large international company looking to invest and develop data centers in Iraq

INA-  Baghdad

The Governor of the Central Bank, Ali Mohsen Ismail, announced Tuesday that the international company (Iron Point Iconic) is looking forward to investments and the development of data centers in Iraq to facilitate the transformation of the Iraqi economy into digital, stressing the desire of the Central Bank of Iraq to develop its infrastructure.

A statement by the central bank, received by the Iraqi News Agency (INA), stated that "the governor of the Central Bank of Iraq, Ali Mohsen Ismail, met a delegation from (IronPoint Iconic), one of the largest owners of data centers in the world, and operates in more than 26 markets in the country 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.

The Central Bank Governor indicated 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.

He explained, "IronPoint Iconic is looking forward to investments and developing data centers in Iraq to facilitate the transformation of the Iraqi economy into digital," stressing "the Central Bank of Iraq's desire to develop its infrastructure, and the need to store and operate data on Iraqi territory to protect national security, and in line with international best practices."