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Middle East & North Africa

DAMAC Group to invest $100m in the metaverse

UAE-based business conglomerate, the DAMAC Group – the parent company of global property development company DAMAC Properties, data centre firm Edgnex, luxury jeweller de Grisogono and fashion house Roberto Cavalli – has unveiled plans to build digital cities as investments in the metaverse ram...

Khazna Data Centers breaks ground on Abu Dhabi hyperscale farm

Middle Easter data centre operator Khazna Data Centers has begun construction of its second data centre in Masdar, Abu Dhabi. The facility, set to be completed by Q3 2023, is to be named Khazna Abu Dhabi 6 (AUH 6) and house 31.8 megawatts (MW) of IT power capacity. Hassan Alnaqbi, CEO of Khazna Data Centers, said: “One of the most exciting aspects of the evolution of d...

Abu Dhabi conglomerate pours $2bn into India’s Adani

International Holding Company PJSC (IHC), the Abu Dhabi based conglomerate, will invest US$2 billion as primary capital in three Adani portfolio companies – Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL) – which are all listed on Bombay Stock Exchange (BSE) and National stock Exchange (NSE) in India, through the preferential all...

Equinix ramps up capital expenditure in the Middle East

US REIT Equinix, Inc. (Nasdaq: EQIX) said it will open a new data centre facility in the city of Salalah, located on the south coast of the Sultanate of Oman in the Middle East. The site is being built in cooperation with regional wholesale carrier Omantel and will be commercially and operationally managed in full by Equinix as a carrier-neutral and open access Equinix Inte...

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