(WEB HOST INDUSTRY REVIEW) — Netherlands-based investment firm Sahara International Ventures (www.sahara.eu) recently announced it has acquired a majority stake in Saudi Arabian Web hosting provider Sahara Net (www.sahara.com).
The terms of the transaction were not disclosed.
Founded in 1989, Sahara Net is one of the leading players in Saudi Arabia’s corporate hosting and ISP market.
The company has branches in Riyadh, Jeddah, Dammam, Jubail, Yanbu and Abha.
Sahara Net provides a range of services including Internet leased lines, VPN, MPLS, managed services and Web hosting.
Sahara International Ventures is a joint venture between telecom operator Belgacom NV/SA, and investment firm Panthers Investments BV.
“SIV’s investment in Sahara Net comes in line with the current strategy to expand in growing markets within the MENA region and further support and improve the existing operations,” the company said in a statement.
