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TECH-
The UAE gets its first direct-liquid cooled HPC data center: Dubai-based Khazna Data Centers partnered with US cloud service provider Hewlett Packard Enterprise to build the UAE’s first direct-liquid cooled (DLC) data center, capable of handling AI tech and high-performance computing, according to a statement from Hewlett. The DLC data center is estimated to enhance performance by 20.7% per kilowatt compared to traditional air-cooled systems.
Khazna is a well-known player in the UAE data center sector: Khazna operates 12 data centers across the UAE, with another 12 in the pipeline expected to add 300 MW in capacity over the next two years.
REAL ESTATE-
Egypt-born TMF Euro Foundation awarded a contract for Taraf’s Cello Residences: Taraf, the real estate arm of Yas Holding, awarded an enabling works contract for its residential project in Jumeirah Village Circle, Cello Residences, to TMF Euro Foundation, according to a statement from Taraf. TMF is an Egypt-born ground engineering company currently operating in the UAE, Saudi Arabia, Egypt and Oman.
SUSTAINABILITY-
Etihad Water and Electricity laid out a plan for reducing leaks across its distribution network, including the use physical sensors and data loggers to notify the company of potential leaks, in addition to increasing the number of deployed meters and reducing the scope of the areas covered by each, according to a statement.
LOGISTICS-
Abu Dhabi Airports Freezone + MSM Logistics partner up on a new warehousing facility: The Abu Dhabi Airports Freezone and MSM Logistics broke ground on an AED 85 mn warehouse in Abu Dhabi’s Al Falah District, according to a statement from the Abu Dhabi Media Office. The facility, slated to be operational in 1Q 2025, will offer storage solutions for both local and international logistics companies.
Remember- MSM Logistics and the Airports Freezone first agreed on the project in October, with the latter leasing the project’s land to MSM Logistics under a Musataha agreement.
A Musataha agreement gives investors the right to construct a building, or invest in, mortgage, lease, sell, or purchase a plot of land belonging to a third party for a specific period.
