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The project aims to establish one of the largest data centres in the region, equipped with state-of-the-art facilities and cutting-edge technology.
The collaboration promises to unlock vast possibilities for Egypt’s booming digital economy and strengthen the nation’s position as a regional technology hub. With data consumption skyrocketing, this expansive data centre will cater to the escalating needs of businesses, organizations, and individuals, offering secure and reliable data storage and processing capabilities.
The centre will have a capacity of 25 megawatts (MW) that is expected to double to 50 MW as expansion plans are implemented. The project aims to meet the region’s underserved data markets.

The European Investment Bank has committed $37.5 million through EIB Global to Tanmiya Capital Fund II, helping the Egypt-focused investment fund raise $130 million for growing businesses.

Madica has secured an additional $6 million from Flourish Ventures to invest in 25 to 30 African startups over the next three years.

The Nclude Fund, advised by DPI Venture Capital, has reached a final close of more than $112 million to invest in financial technology and related businesses across Africa and the Middle East.