Jordan Capital & Investment Fund announces investment share acquisition in Aqaba Digital Hub

Jordan Capital & Investment Fund announces investment share acquisition in Aqaba Digital Hub

Amman: Jordan Capital & Investment Fund (JCIF) has announced that it has finalized details in relation to a significant minority investment in Aqaba Digital Hub (ADH), a flagship project poised to tap into the growing demand for modern digital transformation in Jordan. The project encompasses the largest carrier-neutral 6MW data centers in Jordan and stands as one of the MENA region’s largest. Its array of services covers a range of offerings, including an open-access submarine cable landing station, cloud services, long-haul telecommunications services, a carrier-neutral internet exchange point (AqabaIX), expanded fiber networks, and satellite services.

During a ceremony held at ADH’s offices in Aqaba on Thursday 17 August, 2023, JCIF - which is owned by Jordanian banks - and ADH signed the deal in the presence of Minister of Investment, H.E. Kholoud Al Saqqaf; ASEZA Chief Commissioner, H.E. Nayef Al Fayez; Deputy Governor of the Central Bank of Jordan, H.E. Dr. Khaldoun Al Wshah; and Chairman of the Board of Commissioners of the Telecommunications Regulatory Commission; H.E. Bassam Al Sarhan. The ceremony was also attended by leaders and dignitaries from the private sector.

Founded in 2017 by Eyad Abu Khorma, ADH currently operates regional fiber-optic networks and a carrier-neutral, Uptime-Certified Tier-III data