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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.
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”.
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.