The KKR Global Fund’s investment of $5 billion in the UAE’s Gulf Data Hub is a new achievement

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, Chairman of the Executive Council of the Emirate of Dubai, said in a post on his Highness’s account on the “X” platform: “In April 2024, we launched Dubai’s annual plan to accelerate the adoption of mobile phone uses. Artificial Intelligence aims to consolidate Dubai’s position as one of the world’s leading cities in the field of artificial intelligence, and to provide the necessary infrastructure to enhance the growth of this vital sector.”

His Highness added: “Today, we achieve a new achievement with the announcement of a fund “KKR” Global announced an investment of $5 billion in the Emirati company Gulf Data Hub, which was launched from Dubai in 2012… This first-of-its-kind investment in the region aims to expand data center platforms locally and across the Middle East.

His Highness concluded by saying: “We look forward to welcoming more success partners in the next stage, with the aim of enhancing digital capabilities and pushing artificial intelligence applications to new horizons starting from Dubai… because Dubai is the future, and the future is Dubai.”