Initial $400M funding for data center

Egypt announced an initial investment of $400 million to establish a state-of-the-art data center that adheres to the highest global standards, as part of a plan to develop the data center and cloud computing industry. This comes within the licensing received by Hassan Allam Digital Infrastructure Company, aimed at meeting the growing demand for data and digital services and strengthening Egypt's position as a regional hub for technology and digital services. The initiative also supports the national strategy to empower the digital transformation sector and to boost both domestic and foreign investments in the field.

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