“Etisalat Group” and “G42” Group announced that they have signed a binding agreement, on the basis of which 12 data centers of the two groups will be merged into a new joint venture, under the umbrella of Khazna Data Centers, in a manner that is the largest provider of data centers in the world. UAE.
A statement issued yesterday clarified that based on this agreement, Etisalat will own 40% of Khazna Data Center, and 60% of G42, noting that the agreement provides the two parties with the opportunity to increase the value of their infrastructure assets and improve the performance of their infrastructure. operations and making the most of the available resources, without affecting the current relationship with customers.
According to the statement, Khazna Data Center will continue to develop existing businesses and explore new business opportunities, both inside and outside the UAE.
an opportunity
Hatem Dowidar, CEO of Etisalat Group, said that “(Etisalat) and (G42) will begin, through this agreement, a new and important phase of cooperation that will provide an opportunity to employ investments and joint experiences in launching the next generation of digital infrastructure services.”
He added, “(Etisalat) will continue its keenness to improve customer experiences, in line with its strategy and vision of (leading the digital future to empower communities).”
acceleration
For his part, G42 Group CEO, Peng Shiwa, said: “With the continued high demand for data storage services and innovative cloud infrastructure services in the UAE and the world, this new partnership between (Etisalat) and our data center (Khazna), It will help the UAE accelerate its digital transformation journey.”
increasing of demands
In turn, the CEO of “Khazna Data Center”, Hassan Al-Naqbi, confirmed that the levels of data that are produced, stored and analyzed are increasing dramatically in the Middle East, which has led to an increase in demand for wholesale data center services.
He indicated that this growth requires more focus on enhancing areas of cooperation, and the use of shared data to improve business performance levels.
He added, “From here, Khazna Data Center, which will have a capacity of 300 megawatts of information load, will be a major enabler and supporter of business growth and development.”
• Providing 300 megawatts to support the digital economy in the UAE.
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