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Intro Group to invest $270m in Egypt’s Kemet Data Center
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◌ Single Source
Egyptian conglomerate Intro Group plans to invest $270 million in the first phase of the Kemet Data Center project in the Suez Canal Economic Zone.
Key facts
- In 2024, Intro Technology signed a Memorandum of Understanding (MoU) with data center provider Oman Data Park to develop the Kemet Data Center, valued at $450m at the time
- Egyptian conglomerate Intro Group plans to invest $270 million in the first phase of the Kemet Data Center project in the Suez Canal Economic Zone
- The 80MW facility will span 80,000 sqm (860,000 sq ft) and will be developed in two phases
- The government has also approved a $400m data center license to the new digital arm of construction group Hassan Allam to operate data centers and provide cloud computing services
Summary
The 80MW facility will span 80,000 sqm (860,000 sq ft) and will be developed in two phases. Last week, Minister of Communications and Information Technology Raafat Hendy met with Intro Group’s board member Sherif Mohamed Abdel Fattah to discuss the project. They reviewed designs completed to date and the contracts Intro Group has signed with suppliers for the equipment and systems needed for the project. The meeting also covered the implementation timeline and the planned launch of the Kemet Data Center’s services.