Johan Nilerud is senior director of strategy and planning at Khazna Data Centers, which claims to be the largest hyperscale wholesale data centre provider in the Mena region. Data centres are critical for AI because they provide the massive computational power and data storage required. Khazna’s multi-billion-dirham 100 megawatt data centre in Ajman, announced last week, has already secured significant customer commitments 15 months ahead of completion, Nilerud says. “The financing models for data centres are still evolving,” a bank executive tells AGBI, declining to be named. This complexity is echoed by credit ratings agency Moody’s, which said in a research note last year that modern data centre construction and expansion will require access to diverse debt markets.

Source: The North Africa Journal October 22, 2024 10:16 UTC