Khazna Data Centers, with the largest network of datacentres in Middle East and North Africa region, announced its plan to enter Egypt market with Benya Group. The $250M datacentre will be Egypt’s first hyper-scale datacentre and will be built at the Maadi Technology Park, Egypt’s first specialised investment zone.
With an expected capacity of 25MW of IT load, the datacentre will unlock opportunities for businesses in Egypt aiming to expand internationally, and targeting multinational corporations who are pursuing growth and innovation in the Middle East and North African markets.
Egypt has recently undertaken a series of investments, digital government services reforms, and infrastructure upgrades to enhance the contribution of the Information and Communications Technology, ICT sector to the country’s economic growth.
The inauguration of this datacentre will further address the need for a future-ready digital infrastructure in Egypt where data demands have risen significantly in recent years. This will also support Khazna’s growth strategy into international markets, reinforcing its commitment to expand operations beyond the UAE.
Following the term sheet agreement between Khazna Data Centers and Benya Group to establish a joint venture to build Egypt’s first hyper-scale datacentre, an MoU was signed by Eng Ahmed Mekky, Chairman and CEO of Benya Group; Hassan Al Naqbi, the CEO of Khazna Data Centers; and Eng Amr Aboualam, Chairman of Maadi Technology Park to secure land at Maadi Technology Park for the new datacentre.
The signing ceremony was attended by Hossam Heiba, President, General Authority for Investment and Free Zones, GAFI and Ambassador of the United Arab Emirates to Egypt HE Mariam Khalifa Juma Mohammed Alkaabi, who have previously discussed opportunities to attract Emirati investments to the Egyptian ICT sector and enhance cooperation between Egypt and the UAE in ICT fields.
The planned datacentre marks the first in a series of hyper-scale datacentres that the Benya Group and Khazna Data Centers collaboration plan to introduce to the Egyptian market in the future, aiming to leverage Egypt’s strategic location. The construction of the new datacentre is expected to commence later this year, with completion targeted for within the coming three years.
Maadi Technology Park, is a strategic location for establishing telecommunications and information technology companies in Egypt. It offers a range of advantages, such as tax incentives, modern infrastructure, and proximity to various business centres in Greater Cairo. Additionally, MTP promotes a culture of innovation and collaboration among companies operating in the area, including local and international companies in various sectors of outsourcing, IT, and communications.