Khazna Data Centers (Khazna), a global hyperscale digital infrastructure, announced that it has secured a $2.62 billion financing facility. The funding will support its ambitious growth plans in the UAE and internationally.

The landmark deal, among the largest in the MENA region, was secured with Abu Dhabi Commercial Bank (ADCB) and First Abu Dhabi Bank (FAB). With a tenor of up to 10 years, the facility will accelerate Khazna’s operational expansion across the MENA region.

Fabio Cattaneo, CFO of Khazna Data Centers, revealed, “Khazna is the foundational layer for the emerging AI-enabled economy. Our work supports complex, resource-intensive AI workloads.” He added that access to capital reflects Khazna’s strong financial position and disciplined capital management.

According to Mordor Intelligence, the MENA region’s total data center capacity is set to double over the next five years. With this financing, Khazna aims to maintain its 73% market share in the UAE and expand in other markets.

Khazna currently has multiple projects underway, including two new facilities in Abu Dhabi, one in Dubai, and the region’s first AI-enabled data center in Ajman. The financing will allow rapid expansion, aided by a modular construction approach that reduces costs, environmental impact, and build time.

Ludovic Nobili, Group Chief Corporate, Wealth, and Investment Banking Officer at ADCB, reported, “This transaction highlights ADCB’s commitment to the UAE’s knowledge-based, future-focused economy. We are proud to support digital infrastructure projects like Khazna, which are essential to sustainable growth and global competitiveness.”

Key points:

• Khazna secures $2.62B financing for UAE and international growth.
• New projects include AI-enabled data center in Ajman.
• Modular construction approach ensures fast, cost-effective expansion.

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