The memorandum of understanding includes the establishment of a Tencent Cloud training center for skill development and education at RAK DAO.
Tencent Cloud, the cloud services arm of the Chinese conglomerate Tencent, signed a memorandum of understanding (MoU) with the United Arab Emirates’ crypto-focused free economic zone to facilitate startup growth through several initiatives.
On March 7, the Ras Al Khaimah Digital Asset Oasis (RAK DAO) announced the signing of an MoU with Tencent Cloud to explore “avenues for mutual growth.” Initially, the deal includes facilitating the growth of startups registered at the RAK DAO, a dedicated crypto zone located in Ras Al Khaimah, one of the UAE’s seven emirates.
The memorandum includes the establishment of a Tencent Cloud training center within RAK DAO for skill development and education. The deal also includes internship opportunities for companies licensed in RAK DAO and its partners within the Tencent Cloud ecosystem.
