Cloud based oil is being explored by Chinese technology companies

In recent years, Middle Eastern countries have accelerated the exploration of diversified economic development models beyond the oil economy, with a particular focus on vigorously developing the digital economy as an important direction. China is at the forefront of the global digital economy and is expanding its mature digital driven business models overseas. In the Middle East, especially in the Gulf Cooperation Council (GCC) countries, the digital economy is developing rapidly, with the advantages of abundant capital and a younger population, and there is a strong demand for the introduction and consumption of digital technology. In the digital transformation of Middle Eastern countries, Chinese enterprises play an important role, with leading Chinese technology companies participating in the "construction" in various fields. In terms of basic ICT deployment and integration services, multiple telecommunications operators including Saudi STC, Saudi Zain, Kuwait STC, UAE du, and Kuwait Zain have reached cooperation agreements with Huawei in the 5.5G field to jointly promote the development of 5.5G and begin field trials.

In the construction of digital government and smart cities, Alibaba Cloud went to Middle Eastern countries as early as 2016 to provide cloud computing and artificial intelligence technology services for local enterprises and government agencies. Since then, with the help of world-class competitions such as the Club World Cup and the 2022 Qatar World Cup held by the United Arab Emirates and Qatar, Alibaba Cloud has demonstrated its cloud service strength to the world

In addition, SHEIN and Temu have sold "Made in China" to the Middle East, Tencent, NetEase, and miHoYo have brought electronic games to Middle Eastern gamers, Chinese robots have entered production workshops in the Middle East, and artificial intelligence, the Internet of Things, and cutting-edge technology fields are also inviting Chinese technical talents to participate. Just like China builds bridges and high-rise buildings in various countries around the world, Chinese technology companies are expanding their overseas business and replicating their technological achievements and mature domestic business models to Middle Eastern countries, helping them with digital transformation and growing the scale of the local digital economy.

It is evident that the Middle East market has many opportunities and a large market. The more urgent the desire for economic transformation in the Middle East, the more frequent the cooperation between the Middle East and China in the field of digital economy. The digital economy in the Middle East market has become the "cloud oil" of the new era.