UAE technology investment company MGX, alongside US private equity firm Silver Lake, has secured a minority stake in Dubai-based Khazna Data Centers. This investment marks a significant move in the data center industry, aimed at enhancing Khazna’s growth and technological capabilities. Following this transaction, UAE telecommunications company e&—previously known as Etisalat—has sold its 40 percent...
The Emirates Group has announced a partnership with Moro Hub, a subsidiary of Digital DEWA, to utilize co-location services at the Mohammad Bin Rashid Al Maktoum Solar Park, home to the world’s largest solar-powered data center. This collaboration is part of a strategic initiative to enhance digital transformation and bolster Dubai’s reputation in sustainable aviation....
The United Arab Emirates has solidified its status as a global leader by making substantial investments in artificial intelligence (AI) and data center infrastructure. This strategic focus on innovation and technological advancement is evident through various projects that aim to enhance both government and private sector performance. Recently, Hussain Sajwani, the Emirati owner of DAMAC...
Hussain Sajwani, founder of the Damac Group, plans to invest $20 billion in building data centers across the United States. The announcement was made by President-elect Donald Trump during a press conference at his Mar-a-Lago resort in Florida. Sajwani later confirmed the news to Gulf News. The investment will focus on establishing data centers in...