Cairo – Sharikat Mubasher: Raya Holding for Financial Investments announced investing $15 million in Raya Data Center (RDC), a subsidiary of Raya Information Technology, led by Africa50.
This investment is complemented by an additional $10 million from Raya Information Technology, bringing the total of $25 million, the company announced in a recent press release.
RDC will allocate the investment to build a new Tier III data center in Egypt, aimed at accelerating the country’s digital transformation, enhancing its position as a regional technology hub, and meeting the growing demand for advanced data capacity and cloud computing services across the region.
The new center is expected to become one of the top certified Tier III facilities in Egypt, with construction slated to begin in early 2025. It will align with global Sustainable Development Goals by incorporating eco-friendly and energy-efficient practices throughout its construction and operation, promoting green infrastructure and fostering long-term sustainability.
The partnership between RDC and Africa50 reflects a shared commitment to addressing digital infrastructure gaps across the continent.
Ahmed Khalil, CEO of Raya Holding, said: “We are happy to announce this strategic partnership with Africa50, which underscores investor confidence in Raya Holding’s vision and technological abilities.”
He noted that the partnership represents a key milestone in advancing Egypt’s digital infrastructure and positioning the country as a regional technology hub.
“This investment reaffirms Raya Holding’s dedication to driving transformative projects that create long-term value for our stakeholders, fuel economic progress, and align with global sustainability goals,” Khalil added.
On his part, Hisham Abdelrasoul, CEO of Raya Information Technology, affirmed the company’s commitment to delivering integrated solutions that cater to the customers’ needs and providing a world-class cloud infrastructure, marked by exceptional security and reliability.
Moreover, the new Tier III data center is set to address the pressing need for reliable, scalable, and certified digital infrastructure in Egypt and Africa.