Khazna Data Centers, a provider of hyperscale digital infrastructure, has announced that it has secured a US$ 2.62 billion financing facility to fuel its UAE and international growth plans.
In a press release, the company revealed that the financing deal was secured in partnership with two top UAE banks – Abu Dhabi Commercial Bank (ADCB) and First Abu Dhabi Bank (FAB). With a tenor lasting up to 10 years, the financing facility will enable Khazna to progress on the build-out of its operational expansion across the MENA region.
“The criticality of our work is highlighted by the expanding scale, scope, and sophistication required to support complex, resource-intensive AI workloads,” said Fabio Cattaneo, CFO, Khazna Data Centers. “This work involves the deployment of vast sums of capital investment, and access to such capital requires a stable, attractive business model, underpinned by the strength of our financial position and our disciplined approach to capital management.”
“This transaction highlights ADCB’s steadfast contribution to the UAE’s vision of a knowledge-based, future-focused economy,” said Ludovic Nobili, Group Chief Corporate, Wealth, and Investment Banking Officer at ADCB. “We are proud to support a platform that is laying the digital foundations essential to the UAE’s global competitiveness and sustainable growth.”
The new financing facility aims to augment Khazna’s ability to expand both at home and abroad. Khazna has several projects underway, including two new facilities in Abu Dhabi, one in Dubai, and the region’s first AI-enabled data center in Ajman.
