Reported about 22 hours ago
KKR & Co. plans to acquire a stake in Gulf Data Hub, one of the largest data center companies in the Middle East, as demand for digital services increases in this energy-rich region. The investment, part of KKR's global infrastructure strategy, aims to enhance the Emirati firm's operations with a $5 billion allocation for expansion. This move reflects the growing global spending in data infrastructures, projected to reach $250 billion annually, further driven by technological advancements in artificial intelligence and cloud computing.
Source: YAHOO