{"id":96870,"date":"2024-10-16T00:00:00","date_gmt":"2024-10-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/khazna-to-build-the-uaes-largest-data-center\/"},"modified":"2024-10-16T00:00:00","modified_gmt":"2024-10-16T00:00:00","slug":"khazna-to-build-the-uaes-largest-data-center","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/10\/16\/khazna-to-build-the-uaes-largest-data-center\/","title":{"rendered":"Khazna to build the UAE\u2019s largest data center"},"content":{"rendered":"

Dubai-based <\/strong>Khazna Data Centers<\/a><\/strong> will develop the UAE\u2019s largest data <\/strong>center in <\/strong>Ajman with a capacity of 100 MW<\/strong>, according to a press release<\/a>. Set for completion in 3Q 2025, the new facility is (surprise) designed for AI applications. Khazna is the largest player in the industry by market share, operating centers with a combined capacity of 360 MW right now. <\/p>\n

The rationale:<\/strong> The company is expecting data center capacity in the UAE to double to 850 MW by 2029, so it aims to take advantage of the growing demand, CEO Hassan Al Naqbi told The National<\/a>. Demand is being driven by both domestic use of cloud services and growing international investment in tech here. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The company is also eyeing two additional 30 MW data centers<\/strong>, Al Naqbi said, suggesting announcements on that front will come within a matter of weeks. <\/p>\n

Total investment cost? <\/strong>The average cost of construction of a data center clocks in at USD 8-12 mn per MW, Al Naqbi says, suggesting a total investment plan of about USD 720 mn by our math. Khazna currently has 24 live data centers in the UAE and eight under construction, amounting to a 74% market share, he added.<\/p>\n

REMEMBER-<\/strong> The Dubai-based firm recently partnered with US cloud service provider Hewlett Packard Enterprise to build the UAE\u2019s first direct-liquid cooled data center<\/a>, capable of handling AI tech and high-performance computing. <\/p>\n

Khazna plans to expand further into the Middle East and Asia.<\/strong> It is closing in on the location for a USD 250 mn data center in Egypt (set for completion in 2026) and is in advanced stages of construction in Saudi Arabia. Turkey and Southeast Asia are also on its radar.<\/p>\n

\n

Amazon, e& will chase after government clients, regulated industries<\/p>\n

E& and Amazon Web Services (AWS) inked a six-year USD 1 bn (AED 3.7 bn) agreement <\/strong>over the upcoming six years to enhance cloud innovation and digital transformation in the region<\/strong>, according to a press release<\/a>. The partnership aims to deliver cloud services, including storage, computing, and networking, while advancing cybersecurity, artificial intelligence (AI), and machine learning (ML). <\/p>\n

Target markets:<\/strong> The two are going after governments and regulated industries including healthcare and finance. Some 70% of Middle East companies are moving to the cloud, they said.<\/p>\n

The agreement will see e& use AWS\u2019s cloud infrastructure to modernize platforms<\/strong> including Starzplay Arabia and Careem, and expand its AI and smart home offerings. <\/p>\n

ICYMI- <\/strong>AWS recently launched<\/a> its second cloud region in the UAE. The company plans to invest USD 5 bn (AED 20 bn) here through 2036 to ramp up local cloud infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Dubai-based company will invest in two additional 30 MW centers<\/p>\n","protected":false},"author":1,"featured_media":96871,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1577],"tags":[7,828,1341],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-_newspack_tech","tag-enterpriseam-uae","tag-khazna-data-centers","tag-tech","wpautop","entry"],"acf":{"mongo_id":"bd292d9b-b47b-4f41-bbc6-f17fe0d9509f","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/237.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Khazna builds the UAE\u2019s largest data center","related_issue":[96861],"teaser":"The Dubai-based company will invest in two additional 30 MW centers","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.661cdbf4-10b6-4e8b-ab2b-708f57e1e85a.mp3"},"yoast_head":"\nKhazna to build the UAE\u2019s largest data center - 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