Dubai-based Khazna Data Centers is boosting its UAE AI and cloud hosting presence with two new data centers, according to a press release (pdf). The two facilities — AUH4 in Mafraq and AUH8 in Masdar City — will add a combined 60 MW in cloud hosting capacity. AUH4 is slated to be completed in December 2026, while AUH8 is set to come online in Auguist of the same year.

We knew this was coming: Last year, Khazna signed a Musataha agreement to develop a 30 MW data center in Mafraq, and later in the year CEO Hassan Al Naqbi said the firm was eyeing two additional 30 MW data centers.

ALSO- Timeline update on Ajman Data Center: The initial project phase of the 100 MW QAJ1 center in Ajman is set to come online in December 2026, the press release said. The new date is a push back from an earlier 3Q 2025 completion date. The center will be equipped with liquid cooling and AI-powered energy management systems.

The company is capitalizing on “unprecedented capacity demand,” as the UAE-wide data center capacity is projected to double to 850 MW by 2029, CEO Hassan Al Naqbi previously told The National. Khazna currently holds a 74% market share, with 24 data centers live and eight more under construction.

…and it shows, with recent projects including the launch of a 31.8 MW AI-focused facility in Masdar City, a partnership with Hewlett Packard Enterprise to establish a direct-liquid cooled data center, and a Tier III project in Sharjah. It is also looking to further expand regionally, with a USD 250 mn data center in Egypt, projects in Saudi Arabia, and potential expansion into Turkey and Southeast Asia.

ICYMI- The company recently had a shareholder reshuffle, which saw e& divest its stake in Khazna to the tune of USD 2.2 bn, while Abu Dhabi’s AI fund MGX and private equity firm Silver Lake picked up minority stakes.

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