UAE AI company G42 plans to expand its data center capacity to 5GW, awaiting Nvidia chip deliveries. Its subsidiary Khazna plans to deliver the first 200MW of a new campus in Q4. G42 is cooperating with Saudi Arabia to build large-scale data centers in the Middle East despite regional war risks.

A consortium including AIP, MGX, and BlackRock’s GIP will acquire 100% of Aligned Data Centers in a deal valuing the company at about $40 billion, underscoring growing institutional demand for AI and cloud infrastructure.