To my ear, this track sounds more like euro dance. Hugely popular in Europe and other parts of the world, Japan etc.
I think it has a lovely transparent quality to it, like the melodies float in the air, while the bass keeps you anchored to the ground.
If you were to put a nice female vocal over it, I think you'd agree with me it sounds more like euro dance. I'm thinking of perhaps a similarity between Alice DeeJay's great track, Better Off Alone. In Europe you will have heard it, it got high up in the pop charts here in the U.K. and around the rest of 'our' part of the world in Europe in 1999.
Euro dance enjoyed the peak of it's popularity during the 90's. Today, it is still enjoyed, and a kind of new 'euro' style emerged from it for the 2000s, still retaining it's fun, happy sound, although a bit harder in it's sound as well.
Check out the gorgeous Cascada and hear (and see!) what I mean. Cascada are German.
I like it very much and Final Fantasy VII has a great soundtrack.