Full Breakdown
EHC Investment, Phoenix Technologies, and AAA Enterprises Form Joint Venture for Sovereign Cloud Solutions
2/20/2026, 12:00:20 PM
Joint Venture Announcement
On February 19, 2026, EHC Investment L.L.C., Phoenix Technologies Ltd., and AAA Commercial Enterprises LLC announced the establishment of a joint venture (JV) aimed at delivering next-generation sovereign cloud infrastructure and advanced AI computing solutions in the United Arab Emirates (UAE). The JV will be headquartered in Abu Dhabi and is designed to meet the increasing demand for secure and scalable digital infrastructure in the region.
The collaboration combines regional investment leadership with Swiss-based technology expertise and business transformation capabilities. The JV will focus on developing, marketing, and delivering sovereign cloud solutions, with full operations set to commence following necessary approvals and the selection of an initial flagship project.
Strategic Goals and Leadership
Ali Al Gebely, Managing Director of EHC, stated that this joint venture aligns with the UAE's vision to enhance its digital infrastructure. He emphasized the importance of leveraging EHC's extensive experience to create trusted cloud and AI platforms that support national priorities and protect data sovereignty. Moustafa Rashad, Group CEO of EHC, noted that the partnership aims to accelerate digital transformation and deliver sustainable value at scale.
Phoenix Technologies, a Swiss technology firm recognized for its expertise in advanced ICT architectures, will lead the technical execution of the JV. Thomas Taroni, Founder and Executive Chairman of Phoenix, highlighted the significance of maintaining control over the entire value chain of critical infrastructure to ensure operational independence.
AAA Commercial Enterprises, backed by Gewan Holding, will contribute regional execution capabilities to the JV. Amer Al Osh, CEO of AAA, expressed the company's commitment to developing secure and scalable sovereign cloud platforms that empower governments and enterprises to innovate while maintaining control over their data.
Broader Implications
Alaa Al Ali, Group CEO of NG9 Holding, remarked that the collaboration between global technology expertise and regional execution is creating a trusted platform that enhances national resilience and positions the UAE as a global hub for advanced cloud and AI ecosystems. This initiative is expected to unlock new economic value and strengthen the UAE's digital economy.
Official Statements & Responses
The joint venture's leaders have articulated a shared vision of creating a robust foundation for sovereign cloud and AI platforms that align with national priorities. They aim to foster an environment where governments and enterprises can innovate confidently while ensuring data sovereignty.
Verbatim Quotes
- “This JV supports the UAE vision to build secure, sovereign, and future-ready digital infrastructure, leveraging EHC's more than four decades of expertise and proven success stories to enable trusted cloud and AI platforms that serve national priorities, protect data sovereignty, and strengthen the UAE digital economy,” — Ali Al Gebely, Managing Director of EHC
- “Together with Phoenix and AAA, we are establishing a robust foundation for sovereign cloud and AI platforms that support national priorities and our shareholder goals, accelerate digital transformation, and deliver sustainable value at scale,” — Moustafa Rashad, Group CEO of EHC
This joint venture represents a significant step towards enhancing the UAE's digital infrastructure and positioning it as a leader in the global cloud and AI landscape.
