Raya Holding for Financial Investments has announced a strategic $15m investment in its subsidiary, Raya Data Centre (RDC), from Africa50, a pan-African infrastructure investor and asset manager. This funding, paired with an additional $10m from Raya Information Technology, brings the total investment to $25m. The funds will support the construction of a Tier III-certified data centre in Egypt, reinforcing the nation's role as a regional technology hub. The investment will boost Egypt's digital transformation by meeting increasing demand for advanced data capacity and cloud computing services. Following this partnership, Raya Data Centre's market valuation will surpass EGP 2.2bn, highlighting its strong growth trajectory and significant presence in the digital infrastructure sector. Construction of the Tier III facility, one of Egypt's most advanced, is scheduled to begin in early 2025. The partnership between Raya Data Centre and Africa50 underscores a shared vision of bridging digital infrastructure gaps across Africa. The facility will also align with global Sustainable Development Goals, incorporating energy-efficient, eco-friendly practices to promote sustainability. Ahmed Khalil, CEO of Raya Holding, emphasized the importance of this initiative, stating: "This partnership marks a key milestone in advancing Egypt's digital infrastructure and positioning the country as a regional technology hub. With the development of this Tier III data centre, Raya Data Centre will address the pressing need for reliable, scalable, and certified digital infrastructure in Egypt and Africa." Hisham Abdelrasoul, CEO of Raya Information Technology, commented: "Our collaboration with Africa50 will significantly enhance our ability to support digital economic growth and drive innovation, ensuring sustainable and efficient delivery of critical cloud infrastructure services." Raza Hasnani, Managing Director and Head of Infrastructure Investments at Africa50, praised the collaboration, noting: "Egypt's strategic location positions Raya Data Centre to attract international hyperscale customers from North Africa, the Middle East, and Europe. This investment supports the government's digitization agenda and offers essential infrastructure for Egypt's thriving SME and startup ecosystem." In line with its sustainability goals, Raya Holding is integrating renewable energy solutions to minimize emissions, aligning with Africa50's commitment to climate-resilient infrastructure. The investment positions RDC as a key player in attracting international technology investments, further elevating Egypt's digital economy. This initiative follows a recent $40m funding round for Raya Foods, another subsidiary of Raya Holding, in partnership with Helios Investment Partners. These back-to-back investments underscore international confidence in Raya Holding's portfolio and its commitment to sustainable growth, innovation, and economic development across multiple sectors. Raya Holding's strategic investments continue to cement its status as a regional leader, driving transformative projects that foster long-term value and progress across Egypt and beyond.
