UAE - Mubasher: Khazna Data Centers has secured a $2.62 billion financing facility, in partnership with Abu Dhabi Commercial Bank (ADCB) and First Abu Dhabi Bank (FAB), to fuel its UAE and international growth plans.
Holding a tenor lasting up to 10 years, the financing facility will enable Khazna to progress on the build-out of its operational expansion across the MENA region, according to a press release.
Fabio Cattaneo, CFO at Khazna, said: “Khazna is the foundational layer upon which the emerging AI-enabled economy is built. The criticality of our work is highlighted by the expanding scale, scope, and sophistication required to support complex, resource-intensive AI workloads.”
Cattaneo added: “This work involves the deployment of vast sums of capital investment, and access to such capital requires a stable, attractive business model, underpinned by the strength of our financial position and our disciplined approach to capital management.”
With this investment, Khazna will be at the forefront of regional data center market growth, preserving its 73% market share in the UAE and increasing its share in other markets.
