Khazna Secures $26.2 Billion Financing for Digital Expansion

Khazna, a prominent digital infrastructure company based in the United Arab Emirates, has announced the successful acquisition of 26.2 billion dollars in financing. This substantial funding, co-led by Abu Dhabi Commercial Bank and First Abu Dhabi Bank, represents one of the largest financing deals in the Middle East and North Africa (MENA) region. The financing period is set for a decade, providing Khazna with the necessary capital to accelerate its expansion plans both regionally and internationally.

The Chief Financial Officer of Khazna emphasized the strategic significance of this financing. The funds will be crucial in supporting Khazna's ambitious growth initiatives, enabling the company to enhance its digital infrastructure capabilities and expand its presence in key markets. This move is expected to strengthen Khazna's competitive position in the rapidly evolving digital landscape, establishing it as a leader in digital infrastructure development.

This financing deal highlights the increasing interest and investment in the digital infrastructure sector within the MENA region. As digital transformation continues to gain momentum globally, companies like Khazna are at the forefront of driving innovation and connectivity. The substantial funding will allow Khazna to invest in advanced technologies, improve its service offerings, and explore new opportunities for growth and collaboration.

This financing round demonstrates the confidence that financial institutions have in Khazna's vision and capabilities. The support from Abu Dhabi Commercial Bank and First Abu Dhabi Bank, two of the region's leading banks, reflects their belief in Khazna's potential to drive significant advancements in digital infrastructure. The long-term financing period of 10 years provides Khazna with the financial stability needed to pursue its long-term goals and achieve sustainable growth.

With this substantial capital injection, Khazna is well-positioned to accelerate its expansion plans, enhance its digital capabilities, and solidify its leadership position in the market. The financing deal not only highlights the growing importance of digital infrastructure but also underscores the region's commitment to fostering innovation and connectivity. Khazna's successful financing round is a major milestone for the company and the digital infrastructure sector in the MENA region.

Khazna is currently involved in multiple projects, including the construction of two new facilities in Abu Dhabi, one new facility in Dubai, and the development of the first AI data center in the emirate of Ajman. These initiatives are part of Khazna's broader strategy to expand its digital infrastructure footprint and meet the growing demand for data center capacity in the region.

In February of this year, the local digital infrastructure platform G42 invested 22 billion dollars to acquire a 40% stake in Khazna. This strategic investment further solidified Khazna's position as a key player in the digital infrastructure sector. Additionally, in July, Khazna announced a strategic partnership with NVIDIA, a leading U.S. semiconductor manufacturer, to build large-scale data centers in the MENA region, supporting the development of AI technologies.