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Raya Holding acquires investment for new data center in Egypt: Raya Holding for Financial Investments will invest USD 15 mn into Raya Data Center (RDC), a subsidiary of Raya Information Technology, to support building a Tier III data center in Egypt, according to a statement. This financing will be made in combination with a USD 10 mn investment from Raya Information Technology. Construction is set to begin in early 2025.
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More about the data center: The data center is a strategic partnership between RDC and Africa50 in Egypt to drive the country’s digital transformation and strengthen its role as a regional tech hub, the statement notes. The project is set to meet the region’s increasing demand for advanced data capacity and cloud computing services. The capacity of the facility is unknown at this time.
SOUND SMART- What is a tier III data center? A tier III data center has multiple distribution paths for power and cooling, and unlike tier I and II data centers, it does not require a total shutdown during maintenance or equipment replacement.
