Etisalat deal puts Khazna in top spot for UAE data centres
The UAE has a new largest data centre provider after Etisalat Group and G42 signed a binding agreement to merge their data centre operations.
A total of 12 facilities will be combined in a new joint venture business operating under the Khazna Data Centers brand. Etisalat and cloud computing company G42, said the deal would create the UAE’s largest data centre provider, owned 60:40 by Etisalat and G42.
Hatem Dowidar, CEO of Etisalat Group said: “Today, Etisalat and G42 are embarking on a bold new journey which will allow us to leverage our investments and expertise to deliver next generation digital infrastructure. Keeping in line with our overall strategy and vision of ‘Driving the Digital Future to Empower Societies’, we at Etisalat are committed to a total transformation of customer experiences. Etisalat Group today has set the foundation for creating a market leader in this space, and together with G42, we will take this to the next level.”
Hassan AlNaqbi, CEO of Khazna Data Centers, said: “The levels of data produced, stored, and analyzed is increasing exponentially in the Middle East region, driving significant demand for wholesale data centers. This growth requires a greater focus on collaboration and using shared data to drive business performance. Khazna Data Centers, with 300 MW of capacity, will be the crown jewel backing businesses’ growth trajectory and their ability to manage the level of connectivity required to effectively deliver services to partners, customer and users alike and supporting the creation of a digital ecosystem.
Peng Xiao, group CEO of G42, commented: “We are honoured to partner with a leading telecom operator like Etisalat Group and strengthen the UAE’s data center proposition and economic ambition for the future. As data storage and cloud infrastructure demand continues to rise in the UAE and globally, this new partnership between Etisalat and Khazna, our data center business, will allow the country to accelerate its digital transformation journey, propelling public and private organizations into a new era of intelligence, resilience, flexibility and commerciality. We look forward to collaborating with Etisalat Group on this exciting initiative to create value for all stakeholders and unlock positive progress for the society at large."