UAE’s Khazna to open $250m data centre in Egypt

Abu Dhabi’s Khazna Data Centres, will expand its operations and build a data centre in Egypt with total cost of $250 million, as it considers acquisitions to boost its portfolio amid a shifting digital landscape, its chief executive said on Monday.

The new data centre will be built at Maadi Technology Park in Cairo with an expected capacity of 25 megawatts of IT load, is aimed at addressing the region’s underserved markets in terms of data capacity.

Hassan Al Naqbi, Khazna’s CEO said “we plan to do organic growth or greenfield investments, but in some cases we might do activities in which we acquire some existing players and try to expand from them.”

The expansion in Egypt will encourage major commercial companies to join a top-notch cloud complex, according to Ahmed Mekky, chairman and chief executive of Benya Group, said.