Bahrain’s GFH invests over $200 million in US AI and data centers
Bahrain-based GFH Expands Its US Portfolio, Doubling Investments in Data Center and AI Infrastructure
GFH Financial Group’s US Investments in AI and Data Centers Surpass $200 Million
Bahrain-based GFH Financial Group has confirmed that its US investments have now exceeded $200 million, earmarked for data centre and artificial intelligence (AI) infrastructure development.
Following its 2017 acquisition of a portfolio worth over $100 million from a US-based company situated in Virginia, the amount doubles GFH’s US interests.
Group CEO Hisham Alrayes made the announcement on the margins of the World Economic Forum in Davos, making the group the most recent in a rising number of GCC businesses making significant investments in data centers and artificial intelligence.
Hussain Sajwani, the CEO of Damac Properties and an Emirati billionaire, announced earlier this month that he will invest $20 billion over the next few years in the rapidly growing US data center industry alongside US President Donald Trump.
A $5 billion deal to upgrade data center infrastructure in the Gulf was unveiled last week by Dubai’s Gulf Data Hub and New York-based private equity firm KKR.
