Abu Dhabi - Sharikat Mubasher: Khazna Data Centers (Khazna), a global leader in hyperscale digital infrastructure, secured $2.62 billion financing facility in one of the largest deals in MENA, in partnership with Abu Dhabi Commercial Bank (ADCB) and First Abu Dhabi Bank (FAB).

With a tenor lasting up to 10 years, the facility will enable Khazna to fuel its global growth plans and accelerate operational expansion across the UAE and the MENA region, the company announced in a press release today.

This financing deal will position Khazna at the forefront of regional data center market growth, preserving its 73% market share in the UAE and growing its share in other markets.

Fabio Cattaneo, CFO of Khazna Data Centers, said: “Khazna is the foundational layer upon which the emerging AI-enabled economy is built. The criticality of our work is highlighted by the expanding scale, scope, and sophistication required to support complex, resource-intensive AI workloads.”

For his part, Ludovic Nobili, Group Chief Corporate for Wealth and Investment Banking Officer at ADCB, affirmed that the transaction underscores the bank’s steadfast contribution to the UAE’s vision of a knowledge-based, future-focused economy.

“Leveraging our robust balance sheet, extensive financial expertise, and dedication to innovation, ADCB is proficient at syndicating and structuring financing for large-scale digital infrastructure projects such as those spearheaded by Khazna. We are proud to support a platform that is laying the digital foundations essential to the UAE’s global competitiveness and sustainable growth,” Nobili added.

Khazna has several projects underway, including two new facilities in Abu Dhabi, one in Dubai, and the region’s first AI-enabled data center in Ajman.