September 16, 2024

ADIO Partnership With Khazna Drives Abu Dhabi’s Data Economy

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Adio And Khazana Partnership To Boost Abu Dhabi's Data Economy-Image Courtesy-Abu Dhabi Investment Office (ADIO)
Adio And Khazana Partnership To Boost Abu Dhabi's Data Economy-Image Courtesy-Abu Dhabi Investment Office (ADIO)

The Abu Dhabi Investment Office (ADIO) is partnering with Khazna Data Centres (Khazna), a leading provider of hyperscale wholesale data centre solutions, to boost Abu Dhabi’s data economy and strengthen its position as a hub for technology and innovation.

According to Industry sources, Khazna will build an advanced data centre in Mafraq, Abu Dhabi, with an initial capacity of 30MW, leveraging government-owned land as part of a Musataha agreement with ADIO. The sources also confirmed that the centre is poised to be operational by mid-2026, the cutting-edge facility will add huge data capacity and capability to Abu Dhabi’s prevailing sophisticated data infrastructure. This will be crucial in meeting the growing requirements for data centre services in the UAE and wider region, while contributing to the growth and development of Abu Dhabi’s technology sector.

Industry sources further affirmed that ADIO’s partnership with Khazna falls under the Musataha program, which utilizes Abu Dhabi government-owned land to fuel knowledge-based economic growth. ADIO manages and facilitates investment opportunities through Musataha agreements in collaboration with other Abu Dhabi government entities.

From L To R – Mansoor Al Bastaki, Head of Musataha at ADIO And Ziad Samaha, Vice President Business Development at Khazna

Mansoor Al Bastaki, Head of Musataha at ADIO, stated: “Data in the 21st Century is often compared to oil in the 18th century: an immensely valuable, yet untapped resource. At ADIO, we recognise the importance of data in propelling our present and future economy, and as such we’re proud to support a project that will add further depth to Abu Dhabi’s digital infrastructure. As always, Musataha serves as a powerful tool to empower investors to move further and faster towards achieving their business goals alongside adding short-term impact and delivering long-term value for Abu Dhabi.”

Ziad Samaha, Vice President Business Development at Khazna stated “Data centres are the backbone infrastructure of everything digital and are a vital component to an effective and forward-looking economy. We are excited to collaborate with ADIO to bring this transformative project to fruition. This initiative highlights our commitment to spearheading the digital and AI ambitions of Abu Dhabi and the UAE. By expanding our network of cutting-edge hyperscale data centres through our partnership with ADIO, we are actively shaping the UAE into a prominent digital hub attracting large hyperscale organizations, fostering innovation, and driving growth in the technology sector.”

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