News

Abu Dhabi’s Khazna Announces $250M Data Center In Egypt

The new facility will be built at Maadi Technology Park in Cairo and is expected to have an IT load capacity of 25 megawatts.

Published

1 year ago

May 8, 2023

Nour Nasir

abu dhabi's khazna announces $250 million data center in egypt

Abu Dhabi-based Khazna Data Centers, one of the largest operators of its kind in the Middle East, is planning an expansion into Egypt with a new $250 million data center.

The facility will be built at Cairo’s Maadi Technology Park and is expected to have a capacity of 25 megawatts of IT load. The expansion addresses underserved markets in the MENA region, Hassan Al Naqbi explained in a recent interview.

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“We realize that to become regional and global, we must step outside the UAE,” Al Naqbi noted. “Egypt is sitting in a very good geographical location between Europe and the Middle East, sort of a gateway between East and West. A country like Egypt with a huge population has a lot of potential”.

hassan al naqbi ceo khazna data centers

Khazna was created in a 2021 merger between the Etisalat Group and Abu Dhabi AI company G42. The company currently operates 12 data centers in the UAE. It plans to double this figure over the next few years and move into other MENA markets, including Saudi Arabia, Morocco, and Kuwait.

News

NASA Forms New Partnership With Saudi Space Agency

The pair will collaborate on the Center for Space Futures, advancing space tech by bringing together public and private stakeholders.

Published

3 days ago

May 16, 2024

Nour Nasir

Saudi Space Agency

Saudi Arabia’s space industry is on the brink of substantial expansion after generating $400 million in revenue in 2022, according to a report by the Saudi Communications, Space and Technology Commission.

Now, in a new venture with NASA, plans for a “Center for Space Futures” are set to further drive the Kingdom’s aspirations of becoming a leading player in space exploration and technology.

Capturing moments from the joint delegation visit with leaders from the Saudi and American Space Agencies @NASA to @PSU_RUH, along with scenes showcasing the audience's engagement. pic.twitter.com/oB1cFTiRNl

— وكالة الفضاء السعودية (@saudispace) May 14, 2024

The partnership between NASA and Saudi Arabia goes beyond economic advantages. The pair have already cooperated on preliminary work for the Artemis II lunar mission, which is slated for a September 2025 launch and aims to land astronauts near the moon’s South Pole.

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During a visit to the capital, Riyadh, NASA Administrator Bill Nelson emphasized in a TV interview the broader objectives of the collaboration, which encompass “returning to the moon and then [to] Mars” while utilizing space exploration to glean important insights into climate change. The NASA spokesman also reiterated the space agency’s dedication to collaborating with Saudi Arabia on other future ventures.