Gulf investors power Turkey’s rising as regional technology hub

Gulf investors are doubling down on Turkey’s digital future, with UAE-based Khazna planning a major AI hub and 100MW data center in Ankara.

The facility marks the latest in a wave of high-profile investments transforming Turkey into a regional tech powerhouse, Arabian Gulf Business Insight reports.

E-commerce giant Trendyol, meanwhile, has joined forces with Castle Investments, led by Gulf Data Hub founder Tarek Al Ashram, to develop a $500 million data center in Turkey’s capital.

Dubai Islamic Bank and Emirates NBD are fueling the expansion further, committing over $260 million to bolster Turkcell’s infrastructure.