Raya Financial Investments Holding has announced a $15 million investment in the Raya Data Center (RDC) facility from business and asset manager Africa50. This funding and an additional $10 million from Raya Information Technologies bring the total investment to $25 million. The funds will support the construction of Tier III certification in Egypt and strengthen the country’s position as a regional technology hub.
This investment will support Egypt’s digital transformation by meeting the growing demand for data capacity and cloud services. Following this partnership, Raya Data Center’s market value will exceed EGP 2.2 billion, reflecting its strong growth and leading position in the digital sector.
Construction of one of Egypt’s most advanced industrial facilities is scheduled to begin in early 2025. The facility will also comply with international sustainability goals, including energy conservation and environmental friendliness to promote sustainable development.
Raya Holding CEO Ahmed Khalil, speaking on the importance of this measure, said: “This partnership is an important step in building Egypt’s digital infrastructure and providing the country with a regional technology hub. Reliable, scalable and certified digital infrastructure in Egypt and Africa.
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Raya Information Technology CEO Hisham Abdelrasoul said: “Our partnership with Africa50 will strengthen our ability to support the growth of the digital economy and foster innovation, ensuring the stability and efficiency of critical air services.”
Africa50 General Manager and Head of Infrastructure Investments Raza Hasnani praised the partnership and said: The chosen location in Egypt makes Raya Data Center attractive to customers worldwide from North Africa, the Middle East and Europe. This investment supports the government’s digital agenda and provides the necessary infrastructure for Egypt’s thriving SME and business ecosystem.
Raya Holding has integrated sustainable solutions to reduce pollution in line with its sustainability goals and Africa50’s climate-resilient infrastructure commitment. This investment further strengthens Egypt’s digital economy by positioning RDC as a key player in attracting global technology businesses.
This move follows the recent $40 million financing for Raya Foods, another subsidiary of Raya Holding, in partnership with Helios Investment Partners. These reinvestments reflect the global community’s trust in Raya Holding’s proven track record and its commitment to sustainable growth, innovation and economic expansion in multiple markets.
Raya Holding’s investment strategies continue to strengthen its position as a regional leader by driving change that drives long-term value and prosperity in Egypt and beyond.
