Dubai-based Khazna Data Centers is boosting its UAE AI and cloud hosting presence with two new data centers, AUH4 in Mafraq and AUH8 in Masdar City, according to a press release (pdf).

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.

Watts the capacity? AUH4, slated for completion in December 2026, and AUH8, set to be finished a few months earlier in August, will add a combined 60 MW in cloud hosting capacity. Meanwhile, the company’s initial project phase of the 100 MW capacity QAJ1 center in Ajman is set to come in December 2026, the press release said — a push back from the previously announced 3Q 2025 completion date. The center will be equipped with liquid cooling and AI-powered energy management systems.

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

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.

REMEMBER- 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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