• The financing from two major Emirati banks empowers Khazna to accelerate construction of new high-capacity data centres and meet mounting AI infrastructure demand.
• With backing from G42, MGX and Silver Lake, and existing operations across UAE and Egypt, Khazna is positioning itself as a regional hyperscale powerhouse.
What happened：Major financing deal in UAE
Abu Dhabi Commercial Bank (ADCB) and First Abu Dhabi Bank have offered a $2.62 billion financing facility to Khazna Data Centers,which is a hyperscale information center operator based in the United Arab Emirates. This is one of the greatest loans of its kind in the region. As it continues to cement itself as a leader in the development of digital infrastructure across the Middle East and North Africa, the agreement is an important move forward for Khazna.
The company’s ambitious expansion the plan, which includes creating new, big facilities to meet its rapidly growing demand for data processing and storage, will be the primary objective of the new capital funding. Two new data centers with a combined capacity of 60 MW are planned for Masdar City alongside are among the projects that are expected to benefit.
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Why it’s important
Fabio Cattaneo, Khazna’s CFO, emphasised the criticality of scaling sophisticated AI workloads and underscored that securing such a massive funding package reflects the firm’s stable business model and disciplined capital management.
The financing secures further momentum for Khazna, already backed by G42 and recently joined by minority investors MGX and Silver Lake in April 2025. With a network of 30 data centres in the UAE and expansion underway in Egypt, the fresh funds will accelerate its hyperscale footprint in MENA. ADCB’s Ludovic Nobili hailed the deal as part of the UAE’s drive toward a knowledge-based economy, highlighting the bank’s role in underwriting large-scale digital infrastructure projects.
