Khazna Data Centers has closed a $2.62 billion financing facility from Abu Dhabi Commercial Bank and First Abu Dhabi Bank. The facility carries a tenor of up to ten years and will fund Khazna’s planned expansion of data centre operations across the UAE and wider MENA region.
The financing ranks among the largest ever arranged for a regional digital infrastructure project. It supports construction plans, including two new data centres in Abu Dhabi, one in Dubai, and the first AI-enabled data centre in Ajman.
Khazna holds a 73% share of the UAE data centre market. With MENA capacity set to double in the next five years, the firm aims to maintain its lead at home while growing its regional presence.
The company follows previous capital moves, including the $2.2 billion sale by e& of its 40% stake in Khazna to AI group G42, who now holds a majority, while MGX and Silver Lake hold minority positions.
Khazna says it will deliver new infrastructure rapidly using modular construction, which reduces both build time and environmental footprint.
ADCB described the deal as part of the UAE’s digital economy drive. ADCB cited its balance sheet strength and structuring expertise in supporting large-scale infrastructure financing.
