Mubasher: The Gulf Bank of Kuwait (GBK) on Tuesday announced signing a partnership deal with Dell Technologies for a digitally transformative project.

Under the new agreement, the Kuwaiti lender will tap the US firm’s leading storage management and data protection solutions in an effort to ensure maximum return on its investment, according to GBK’s statement.

GBK plans to foster and modernise its information technology (IT) infrastructure in effectively storing and protecting the increasing volume of data.

Dell Technologies’ VPLEX and RecoverPoint solutions will be used to help the Kuwaiti lender ensure operational flexibility to meet the changing business needs.

The US firm will work on implementing GBK’s plan to “modernise and simplify data management to unlock new enterprise capabilities and offer more value to [its customers],” Dell Technologies' general manager for the GCC region, Havier Haddad, said.

In February, GBK reported an 18.2% profit increase to KWD 56.74 million ($187.5 million) in fiscal year 2018, against KWD 48.02 million ($158.7 million) in the prior fiscal year.