Egyptian exec Nashat Fouda leads Raya Data Center's partnership with Beltone Holding

Oluwatosin Racheal Alabi -

Key Points

  • Egyptian executive, Nashat Fouda leads a collaboration between Raya Data Center and Beltone Holding to enhance Beltone’s digital infrastructure.
  • Raya Data Center provides advanced data center and cloud computing services tailored for Beltone’s financial operations.
  • The partnership supports Beltone’s expansion, focusing on efficient, secure, and scalable technological solutions in the digital economy.

Nashat Fouda, executive director of Raya Data Centers, has led the formation of a strategic partnership with Beltone Holding.

This collaboration aims to enhance Beltone’s technological capabilities, ensuring the company can continue to grow with a robust and scalable digital infrastructure.

Expansion of digital services for financial growth

Beltone Holding, a prominent financial institution, provides a broad range of services, including brokerage, investment banking, and asset management. It also offers non-banking financial services such as financial leasing and mortgage financing.

Through this partnership, Raya Data Center will deliver advanced data center and cloud computing services, enabling Beltone to manage its operations with improved flexibility, efficiency, and security.

Raya Data Center, a subsidiary of Raya Information Technology, will provide cloud hosting, IT outsourcing, and specialized IT solutions. These offerings are designed to help Beltone navigate the fast-paced digital landscape and meet the evolving demands of the financial industry.

Vision and market leadership

Nashat Fouda emphasized the importance of this partnership, stating,

“This collaboration with Beltone enhances our regional presence and adds to our impressive client portfolio.” Fouda highlighted Raya Data Center’s commitment to leading the data center services market in Egypt since its inception in 2012.

Ahmed Abdel Gaber, Chief Information Officer at Beltone, underscored the value of Raya’s services, noting,

“This partnership allows us to focus on our core business while relying on Raya’s technology to enhance the performance and security of our systems.”

He described the collaboration as a strategic investment that will support Beltone’s continued growth in the digital economy.

Raya Data Center is a subsidiary of Raya Holdings, which was established in 1999 through a merger. Under the leadership of Medhat Khalil, Raya Holding has become a major player in Egypt’s investment scene. As of this report, Khalil has reduced his majority stake from 58.1 percent in December 2022 to 17.67 percent