Raya Holding Secures 25 Million Investment To Build Advanced Tier Iii Data Center In Egypt

Raya Holding for Financial Investments has secured a combined 25 million to develop a state-of-the-art Tier III data center in Egypt, aiming to position the country as a regional leader in technology infrastructure. The investment is led by Africa50, a prominent pan-African infrastructure investor, with 15 million, while Raya Information Technology, a subsidiary of Raya Holding, contributes an additional 10 million.

This joint venture seeks to meet the growing demand for advanced cloud computing and digital infrastructure in Egypt and across North Africa. The Tier III facility will incorporate eco-friendly, energy-efficient practices, aligning with the United Nations Sustainable Development Goals SDGs. Construction is set to begin in early 2025, with the data center projected to become one of the most advanced Tier III-certified facilities in Egypt.

The new center will offer enhanced security, scalability, and reliable cloud infrastructure, supporting Egypts push for digital transformation. With this investment, Raya Data Centers market valuation has surpassed 137.5 million EGP 2.2 billion, further solidifying its role as a key player in Africa's data services sector. The project is expected to attract global hyperscale cloud providers and support Egypts expanding startup and SME ecosystem.

Ahmed Khalil, CEO of Raya Holding, commented on the strategic significance of the partnership, stating We are happy to announce this strategic partnership with Africa50, which highlights investor confidence in Raya Holdings vision and technological capabilities. This collaboration marks a key milestone in advancing Egypts digital infrastructure and establishing the country as a regional technology hub.

Raya Holdings venture into the Tier III data center space reflects its broader strategy to accelerate Egypt's technological growth while catering to international players seeking reliable cloud services.