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Africa’s data centre sector thrives due to market investments

Khazna Data Centers the largest network of hyper-scale data centers in MENA, has announced its plan to enter Egypt.
24.05.23 | Source: intelligent data centers

Major data centre players are investing in the Digital Transformation of Africa. Khazna Data Centers is enhancing Egypt’s digital infrastructure by building the country’s first hyperscale data centre, while elsewhere on the continent, Africa Data Centres has formed a strategic partnership with LINX to explore digital growth opportunities.

Khazna Data Centers plans to set up Egypt’s first hyperscale data centre

Khazna Data Centers (Khazna), the largest network of hyperscale data centres in the Middle East and North Africa region, has announced its plan to enter the Egypt market with Benya Group, a leading integrated solution, Digital Transformation and ICT infrastructure provider in Egypt and the MEA region.

The new US$250 million state-of-the-art data centre will be Egypt’s first hyperscale data centre and will be built at the Maadi Technology Park, Egypt’s first specialised investment zone.

With an expected capacity of 25 MW of IT load, the data centre will unlock opportunities for businesses in Egypt aiming to expand internationally and targeting multinational corporations who are pursuing growth and innovation in the Middle East and North African markets.

Egypt has recently undertaken a series of investments, digital government services reforms and infrastructure upgrades to enhance the contribution of the Information and Communications Technology (ICT) sector to the country’s economic growth.

The inauguration of this data centre will further address the need for a future-ready digital infrastructure in Egypt where data demands have risen significantly in recent years. This will also support Khazna’s growth strategy into international markets, reinforcing its commitment to expand operations beyond the UAE.

Following the term sheet agreement between Khazna Data Centers and Benya Group to establish a joint venture to build Egypt’s first hyperscale data centre, a memorandum of understanding (MoU) was signed by Eng. Ahmed Mekky, Chairman and CEO of Benya Group; Hassan Al Naqbi, CEO of Khazna Data Centers; and Eng. Amr Aboualam, Chairman of Maadi Technology Park to secure land at Maadi Technology Park for the new data centre.