JCIF announces investment share acquisition in Aqaba Digital Hub

JCIF announces investment share acquisition in Aqaba Digital Hub

AMMAN — Jordan Capital & Investment Fund (JCIF) announced that it has finalised details on 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 centres 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, expanded fibre networks and satellite services, according to a JCIF statement.

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