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Saudi Arabia’s PIF joins DigitalBridge’s data center partnership
Saudi Arabia’s Public Investment Fund (PIF), one of the largest sovereign wealth funds in the world, has become an investor in a new partnership managed by DigitalBridge.
The partnership will initially aim to develop data centers in Saudi Arabia and across the Gulf Cooperation Council and explore other segments of digital infrastructure in the future, including macro towers, fiber, small cell and edge infrastructure.
The investment aims to localize cutting-edge technologies and support knowledge-transfer to develop and operate hyperscale data centers and database servers in Saudi Arabia and the GCC region — an initiative that will help large local and international corporations to carry out their business in the region with greater efficiency.
“As a global leader in digital infrastructure, we are pleased to partner with PIF to further enable the digital infrastructure buildout in Saudi Arabia and across the GCC countries,” said Marc Ganzi, CEO at Digital