$2.2 Billion Megadeal: G42 Acquires e&’s Stake in Khazna Data Centers, Consolidating UAE’s AI Future

The Acquisition In a move that resets the landscape for digital infrastructure across the Gulf, G42—the Abu Dhabi-based AI and technology holding group—has successfully acquired a controlling stake in Khazna Data Centers. The deal is massive, valued at an estimated $2.2 billion, making it one of the largest strategic acquisitions in the MENA tech sector this year.

More Than Just Real Estate This is not merely an investment in physical data storage; it is a foundational pillar for the UAE's national AI ambition. Data centers are the "AI Factories" of the modern economy. They house the enormous computing power (GPUs, servers) needed to train and run large language models and other complex AI applications.

By bringing a dominant data center provider like Khazna under the control of G42—which is closely aligned with the UAE's sovereign wealth and AI strategy—the government is ensuring three critical strategic goals are met:

1. AI Capacity Building: It guarantees G42 and its partners priority access to the processing power needed to develop world-leading AI models.
2. Digital Sovereignty: It consolidates control over critical digital infrastructure, ensuring that citizen data and national security information remain securely within the UAE's borders, uncompromised by international political pressures.
3. Regional Dominance: The move cements the UAE's position as the regional hub for digital infrastructure, attracting more international tech giants to host their services in Abu Dhabi and Dubai.

This landmark acquisition confirms that the era of simple retail or consumer-app investment is being succeeded by a new focus on strategic, sovereign-backed infrastructure that supports the long-term vision of a knowledge-based economy.