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G42 and e& join forces to turn Khazna into Middle East’s largest data center provider
12 data centers are consolidated under Khazna Data Centers, with new facilities currently under construction.
Data centers of UAE telco e& (formerly Etisalat Group) and G42 have been merged under Khazna Data Centers, which is now operating the 12 new joint data centers network, making it the Middle East’s largest data center provider.
The data center industry is witnessing significant growth in recent years in the Middle East, as countries are looking to improve their digital economies. The region’s data center market is expected to grow at a CAGR of close to 3% during the period 2019-2025. The market by revenue is expected to cross over $3.7 billion by 2025.
“We are pleased to see our partnership with e& coming to fruition with consolidating our respective data center assets under Khazna Data Center. Over the years, Khazna has become synonymous with deploying and operating the best-in-class data center infrastructure. We are confident that this next phase in its growth will help attract new global players to the UAE, contributing to the development of the local and regional digital ecosystem and economies,” Peng Xiao, Group CEO at G42, said in a statement.
“By housing G42 and e& data center capabilities under one roof through Khazna Data Centers, we will effectively deliver a unique portfolio of infrastructure services for our customers, vendors, and partner, paving the way for the fully digital future,” said Hassan AlNaqbi, CEO of Khazna Data Centers, in a statement.
The rapid proliferation and adoption of digital technologies are impacting the region’s economy. Amidst this landscape, the UAE maintains its standing as the Middle East technology and digitalization hub as the country undergoes a continuous digital transformation where businesses are embracing IT agility and adopting next-generation digital infrastructure, adaptability, and transformation.
“The completion of the deal with G42 will further enhance our capabilities to design and deliver infrastructure aligned with our vision to be the leading digital enabler that transforms enterprises, governments, and societies. This new journey will allow us to leverage our investments and expertise to deliver next-generation digital infrastructure that will benefit our customer segments. This agreement sets the foundation for accelerating the digital conversation in data center space,” said Salvador Anglada, CEO, e& enterprise, in a statement.
Khazna now operates 12 data centers and has 13 data centers under construction, with a further three in the pipeline, amounting to a total of over 300-megawatt planned capacity by the end of 2023 across its sites in the UAE.