Egypt signs $400m data centre deal with Hassan Allam
Hassan Allam, investment firm A15 partner to deliver cloud and AI infrastructure
#Egypt #datacentres – Egypt’s National Telecommunications Regulatory Authority (NTRA) has signed a licensing agreement with Hassan Allam Digital Infrastructure, part of data centre engineering and construction group Hassan Allam Holding, to develop and operate a $400 million data centre. The project is built on a partnership between Hassan Allam and venture capital firm A15. The deal aligns with Egypt’s national strategy to position the country as a regional hub for data exchange and digital services, and supports its goal of generating $42.7 billion in AI-related economic value by 2030.
SO WHAT? – The new $400 million project is the tenth data centre licence issued by the NTRA during the past two years, demonstrating that Egypt’s digital infrastructure ambitions are attracting significant private investment. With a national data centre and cloud strategy in preparation and an AI strategy that aims to boost tech to deliver 7.7% of GDP by 2030, both regulatory and investment conditions seem to be converging.
KEY POINTS:
Egypt’s National Telecommunications Regulatory Authority (NTRA) has signed a licensing agreement with Hassan Allam Digital Infrastructure to build and operate a $400 million data centre.
The agreement was signed at the Ministry of Communications and Information Technology by Dalia Wahba, Board Member of Hassan Allam Digital Infrastructure, and Mohamed Shamroukh, CEO of NTRA, in the presence of recently appointed Communications Minister Raafat Hindi.
Hassan Allam Digital Infrastructure is a new venture dedicated to data centres and cloud computing, launched by Cairo-headquartered Hassan Allam Holding, one of the MENA region’s largest engineering and construction groups.
This is the first project to be signed as a result of a strategic partnership between Hassan Allam and A15, a Cairo-based technology and venture capital firm.
This is the tenth data centre licence issued by the NTRA in the past two years, reflecting accelerating regulatory activity in Egypt’s digital infrastructure sector. The Egyptian government has been encouraging companies to develop AI-enabled data centres to serve both domestic and neighbouring markets.
Egypt’s Ministry of Communications is preparing a national strategy for data centres and cloud computing, developed in cooperation with multiple stakeholders. The strategy aims to position Egypt as a regional hub for data exchange and digital services, while strengthening the country’s digital sovereignty.
Egypt’s second national AI strategy targets $42.7 billion in AI-related economic value, with AI projected to boost tech’s contribution to GDP to 7.7% by 2030. The Hassan Allam data centre aligns with this strategy, designed to support AI applications alongside cloud and data hosting for government institutions, the financial sector and international firms.
The global data centre market provides strong tailwinds for the investment. The sector is projected to grow at 6.98% annually between 2025 and 2030, with total market revenue expected to reach nearly $739 billion by 2030.
Hassan Allam plans to increase investments in subsequent years to meet growing demand for data hosting and cloud computing services. The $400 million commitment is described as an initial investment, suggesting the platform is designed to scale beyond its current scope as market demand develops.
[Written and edited with the assistance of AI]
Source: SPA, MEAIN
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