KKR to invest in Gulf Data Hub’s seven branches across region
GDH owns a portfolio of data centers in the UAE and Saudi Arabia, with additional facilities planned for Kuwait, Qatar, Bahrain and Oman
POLAND - 2024/11/06: In this photo illustration, a Kolkata Knight Riders (KKR) logo is displayed on a smartphone with stock market percentages in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)
KKR plans to invest in Gulf Data Hub, one of the largest independent data center platforms in the Middle East, amid skyrocketing global data consumption driven by AI and cryptocurrencies.
The announcement will make the global investment firm a major player in the regional data storage market, as GDH owns a portfolio of seven state-of-the-art data centers in the UAE and Saudi Arabia, and additional facilities planned in Kuwait, Qatar, Bahrain and Oman, Bloomberg reports.
Prior investments by KKR in the region include a strategic partnership with ADNOC to create ADNOC Oil Pipelines.
The fund also acquired a commercial aircraft portfolio from Etihad Airways in 2020 through Altitude Aircraft Leasing.