Khazna Knowledge Centres, one of many largest operators within the Center East, plans to open a brand new $250 million knowledge centre in Egypt, in addition to contemplating acquisitions to reinforce its portfolio amid a shifting digital panorama. The brand new knowledge centre will likely be constructed at Maadi Know-how Park in Cairo and is aimed toward addressing the area’s underserved markets when it comes to knowledge capability, with an anticipated capability of 25 megawatts of IT load. Khazna is getting into the Egyptian market with Cairo-based Benya Group and plans to broaden its enterprise in Saudi Arabia, Kuwait, and Morocco with the “proper companions” through greenfield investments or acquisitions.
We plan to do natural [growth] or greenfield [investments], however in some instances we’d do actions wherein we purchase some current gamers and attempt to broaden from them
-Hassan Alnaqbi, chief government of Khazna Knowledge Centres
Khazna was created when the previous Etisalat Group and Abu Dhabi synthetic intelligence firm G42 merged their knowledge centres in 2021. Khazna’s growth into Egypt could have a major affect on attracting investments in high-density operations that assist cloud techniques and content material operators, in addition to encouraging main industrial firms to hitch a top-notch cloud advanced. The corporate can also be trying into three extra markets within the Center East and North Africa, akin to Saudi Arabia, Kuwait, and Morocco, for additional growth.
The corporate’s subsequent step will likely be increasing in North Africa and elements of Europe, mentioned CEO Hassan Al Naqbi. They don’t seem to be markets which can be already nicely served, together with Central Europe and the US. In Asia, Khazna is searching for alternatives in Indonesia and the Philippines, with the latter being on the high of their listing. Khazna at the moment operates 12 knowledge centres throughout the UAE, with a complete deliberate capability of 300MW as the corporate goals so as to add one other 12 over the following two years. The corporate has been rising steadily, and within the final three years, it has grown three or 4 occasions its regular development.
Hassan Al Naqbi, chief government of Khazna Knowledge Centres, mentioned the corporate is trying into three extra markets in Mena: Saudi Arabia, Kuwait, and Morocco.
Khazna’s growth in Egypt “could have a considerable affect on attracting investments in high-density operations that assist cloud techniques and content material operators, in addition to encouraging main industrial firms to hitch a top-notch cloud advanced,” Ahmed Mekky, chairman and chief government of Benya Group, mentioned.