Khazna Secures $2.62 Bn to Accelerate Data Center Expansion in UAE and Beyond
This long-term facility is set to fund Khazna’s active pipeline of hyperscale data center developments.
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[Image source: Chetan Jha/MITSMR Middle East]
In one of the largest digital infrastructure funding deals in the MENA region, Khazna Data Centers has announced the successful closing of a $2.62 billion financing facility to drive its expansion both within the UAE and across international markets.
The deal was arranged in partnership with Abu Dhabi Commercial Bank (ADCB) and First Abu Dhabi Bank (FAB) and structured with a tenor of up to 10 years. This long-term facility is set to fund Khazna’s active pipeline of hyperscale data center developments.
“Khazna is the foundational layer upon which the emerging AI-enabled economy is built,” said Fabio Cattaneo, CFO of Khazna Data Centers. “The criticality of our work is highlighted by the expanding scale, scope, and sophistication required to support complex, resource-intensive AI workloads.”
As demand for AI infrastructure surges, hyperscale data centers have become strategic assets. Cattaneo emphasized the capital-intensive nature of these projects and Khazna’s positioning: “This work involves the deployment of vast sums of capital investment, and access to such capital requires a stable and attractive business model, underpinned by the strength of our financial position and our disciplined approach to capital management. This is what we have built at Khazna, enabling us to secure one of the largest financing deals the region has ever seen.”
Khazna currently commands a dominant 73% share of the UAE’s data center market. According to Mordor Intelligence, the total data center capacity across MENA is expected to double over the next five years, a trajectory Khazna appears poised to capitalize on. The company is actively developing new sites, including two additional facilities in Abu Dhabi, one in Dubai, and the region’s first AI-enabled data center in Ajman. The new funding will accelerate these developments, supported by modular construction methods aimed at reducing cost, environmental footprint, and time to market.
Ludovic Nobili, Group Chief Corporate, Wealth, and Investment Banking Officer at ADCB, commented on the strategic value of the transaction: “It highlights ADCB’s steadfast contribution to the UAE’s vision of a knowledge-based, future-focused economy. Leveraging our robust balance sheet, extensive financial expertise, and dedication to innovation, ADCB is proficient at syndicating and structuring financing for large-scale digital infrastructure projects such as those spearheaded by Khazna. We are proud to support a platform that is laying the digital foundations essential to the UAE’s global competitiveness and sustainable growth.”
With digital transformation and AI adoption moving from aspiration to execution, the scale of Khazna’s investment signals a broader shift in how Gulf economies are re-architecting for a data-centric future.
