UAE’s Khazna enters Saudi market with first 200MW hyperscale site
In a significant development, Khazna Data Centers, the UAE’s largest national data center operator, has secured a plot of land for its first data center in Saudi Arabia.
The company confirmed it has acquired a 225,000-square-foot (~21,000-square-meter) site in Dammam, Eastern Province, where it plans to build a data center with up to 200 MW of capacity.
As expected, the upcoming facility will be designed to handle high-performance workloads for cloud and AI hyperscale deployments and will follow a modular construction approach.
To oversee the development of the Dammam project and guide the company’s broader expansion efforts within the kingdom, Khazna has appointed Mohammed bin Hassan as its country head for Saudi Arabia.
At present, Khazna operates 30 active data centers with a combined capacity of nearly 650 megawatts. This makes the Saudi project of great importance to the company’s expansion. Yet the Saudi project is not the only one; the company aims to deliver more than 1 GW of additional AI-ready capacity across the UAE, Saudi Arabia, Italy, and other major markets.
Details on the project’s timeline, financial terms, and exact location are still under wraps.
Khazna has grown significantly in the past year. In March, UAE investment firm MGX and US private equity company Silver Lake acquired a minority stake in it. Later, the company signed a deal for a 500 MW AI data campus in northern Italy. By September, it secured a $2.62 billion credit facility to support its expansion across regional and international markets.
