Etisalat Group, G42 join forces to establish UAE’s largest data centre provider under Khazna Data Centres

Etisalat Group, G42 join forces to establish UAE’s largest data centre provider under Khazna Data Centres

ABU DHABI, 20th October, 2021 (WAM) -- Etisalat Group and G42 have announced the signing of a binding agreement to merge their data centre (DC) offering in the UAE. A total of twelve data centres will be combined in a new joint venture business operating under Khazna Data Centres, creating the UAE’s largest data centre provider.

G42 and Etisalat Group will each own 60 percent and 40 percent of Khazna Data Centres, respectively. The agreement allows both parties to increase the value of their infrastructure assets contributed to the joint venture while also optimising process and resource utilisation, without impacting their respective commercial positioning, client relationships and leading market positions.

Furthermore, Khazna Data Centres will continue to develop the existing business and explore new business opportunities, both in the UAE and abroad.

Hatem Dowidar, Chief Executive Officer of Etisalat Group, said, "Today, Etisalat and G42 are embarking on a bold new journey which will allow us to leverage our investments and expertise to deliver next-generation digital infrastructure. Keeping in line with our overall strategy and vision of ‘Driving the Digital Future to Empower Societies’, we at Etisalat are committed to a total transformation of customer experiences. Etisalat Group today has set