Khazna + Benya partner on hyperscale data center: UAE-based Khazna DataCenters will establish Egypt’s first hyperscale data centerin partnership with local IT infrastructure firm Benya Group, according to a statement.The two companies signed a term sheet agreement to establish the USD 250 mn center as well as an MoU with the government’s Maadi Technology Park, where the project will be built. Details about funding sources for the project were not disclosed.

The project: The project will have an initial capacity of 25-MW and the two firms plan to double that at a later date, Benya said in a statement shared with Enterprise, without providing further details. The companies plan to start construction later this year and complete the project in the next three years.

The players: Khazna was formed in late 2021 when Abu Dhabi’s G42 and a regional telecoms provider merged their data center businesses. Benya is an Egypt-based digital solutions and IT infrastructure provider that operates across the MENA region. It formed a JV last year with Saudi’s Al Fanar that will also work on data centers among other projects.

More to come: The two firms said they plan to eventually build a “series” of hyperscale data centers across the country.

REMEMBER- We’re keen on data centers: Egypt is well-positioned as a data center hub given our geographical location and the multiple subsea cables crossing our borders. Agility Logistics is planning a Cairo project as part of a string of African centers, while El Sewedy Data Centers and Emirati firm Gulf Data Hub plan to invest USD 2.1 bn to build three data center complexes here. For more on our data center landscape, read parts one, two, and three of our Hardhat series on the topic.

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