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Khazna Data Centers invests $250 mn in cloud system expansion in Egypt

Global data center market projected to grow to $410.42 bn by 2027
Khazna Data Centers invests $250 mn in cloud system expansion in Egypt
Khazna Data Centers to build $250 mn data center in Egypt (Photo from Khazna Data Centers)

Khazna Data Centers, headquartered in Abu Dhabi, is expanding its business in Egypt to meet the increasing demand for data capacity in the MENA region. In collaboration with Benya Group, a Cairo-based firm, Khazna will construct a new data center at Maadi Technology Park in Cairo for $250 million. The facility will have a capacity of 25 megawatts (MW) and is part of Khazna’s plan to expand its operations in emerging markets in the MENA region and beyond.

Read more: center3 aims to establish Saudi Arabia as MENA’s data center hub

According to the CEO of Khazna Data Centres, Hassan Al Naqbi, Egypt’s strategic location as a gateway between Europe and the Middle East, combined with its large population, makes it an attractive market for expansion. This statement comes as Khazna Data Centers seeks to expand its operations in emerging markets in the MENA region and other regions beyond, following its merger with Abu Dhabi-based AI firm G42 in 2021.

For his part, Ahmed Mekky, the CEO and Chairman of Benya Group, Khazna’s expansion in Egypt will attract investments in high-density operations that support cloud systems and content operators. He also believes that the expansion will encourage major commercial companies to join a high-quality cloud complex.

At present, Khazna runs 12 data centres throughout the UAE, with a projected total capacity of 300 MW, and intends to construct an additional 12 facilities over the next two years. Khazna’s primary centre in Masdar City, Abu Dhabi, is scheduled to commence operations in July with a capacity of 15 MW. The company’s 21 MW data centre in Dubai Design District is expected to become operational in October.

Furthermore, it is estimated that the worldwide data centre market will expand by roughly 20% to $410.42 billion by 2027, compared to an anticipated $342.1 billion in 2023.

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