Arab Finance: Raya Holding for Financial Investments has announced a $15 million investment in Raya Data Center (RDC), a subsidiary of Raya Information Technology, from Africa50, a pan-African infrastructure investor and asset manager, as per a press release.

This funding, supplemented by an additional $10 million from Raya Information Technology, will finance the construction of a Tier III data center in Egypt.

The combined $25 million investment aims to accelerate Egypt's digital transformation and bolster its standing as a regional technology hub.

The forthcoming facility, scheduled for construction in early 2025, will meet the increasing demand for advanced data services and cloud computing capabilities across the region.

Once operational, the data center is expected to rank among Egypt's premier Tier III-certified facilities.

This development will also push Raya Data Center's market valuation beyond EGP 2.2 billion, reflecting its robust market position and growth trajectory.

The initiative represents a strategic collaboration between Raya Data Center and Africa50 to address digital infrastructure gaps across Africa.

The data center will be designed with eco-friendly and energy-efficient features, aligning with global Sustainable Development Goals and promoting green infrastructure.

These measures are intended to ensure long-term environmental sustainability.

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