UAE’s Khazna to invest US$250m in Egyptian data centre, collaborates with Benya

UAE’s Khazna to invest US$250m in Egyptian data centre, collaborates with Benya

UAE-based Khazna Data Centers UAE announced its plan build a state-of-the-art data centre in Egypt’s data centre with an  investment worth $250 million.

The hyper-scale data centre will be in cooperation with with Benya Group, a leading digital solutions and ICT infrastructure provider in Egypt and the MEA region. 

The project will be established at the Maadi Technology Park with an expected capacity of 25 megawatt (MW) of IT load.

The project marks the first in a series of hyper-scale data centres that Benya and Khazna introduce to the Egyptian market in the future, aiming to leverage the Arab republic’s strategic location, according to a press release.

Inaugurating the first-of-kind in Egypt data center will unlock opportunities for businesses in the African nation with the goal of expanding internationally and targeting multinational corporations that seek growth and innovation in the Middle East and North African markets.

Chairman and CEO of Benya Group, Ahmed Mekky, said: “We are thrilled to announce our partnership with Khazna, which will enable us to enter the hyper-scale data center construction sector with full force.”

Mekky added: “This memorandum of understanding (MoU) we signed represents a significant step towards strengthening our role in establishing this type of data centers in Egypt, with the support of our partner, Khazna Data Centers, which has an excellent reputation and outstanding expertise in this sector.”

CEO of Khazna, Hassan Alnaqbi, said: “This collaboration with Benya Group marks a significant milestone in the expansion of Khazna’s regional presence. We are confident that our expertise and track record in delivering high-quality hyper-scale data centers combined with Benya’s local knowledge and experience, will enable us to provide customers with the best-in-class data center services in the region transforming Egypt into a vital hub for data storage supporting the growth of its digital economy.”

Meanwhile, Hossam Heiba, President of Egypt’s General Authority for Investment and Free Zones (GAFI), said: “This great project comes in line with Egypt’s plan to localize information technology and data centers, especially given the significant development witnessed by the technological infrastructure sector in Egypt.”

READ More: ADNOC’s logistics unit to increase up to $607m in IPO

If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.