Egyptian conglomerate Intro Group plans to invest $270 million in the first phase of the Kemet Data Center project in Egypt’s Suez Canal Economic Zone. The 80MW facility will cover 80,000 sqm (860,000 sq ft) and be developed in two phases. It is expected to be partially powered by solar energy. Communications and Information Technology Minister Raafat Hendy met with Intro Group board member Sherif Mohamed Abdel Fattah last week to discuss the project.
The meeting reviewed completed designs and contracts Intro Group has signed with suppliers for equipment and systems required for the project. It also covered the project timeline and planned launch of Kemet Data Center services. In 2024, Intro Technology signed an MoU with Oman Data Park to develop the Kemet Data Center, which was valued at $450 million at the time. Hendy said the ministry is committed to creating an investment-friendly environment to encourage private-sector data center development.
The commitment adds to broader Egyptian data center activity. Last month, Hendy met with US data center developers and a delegation led by newly launched Heca Data to discuss plans for an integrated zone for hyperscale and AI facilities in Egypt. The government has also approved a $400 million data center license for the new digital arm of construction group Hassan Allam to operate data centers and provide cloud services. Egypt’s national data center and cloud computing strategy aims to position the country as a major digital and subsea cable hub connecting Africa, the Middle East, and Europe.
What remains unclear is the timeline for the first phase, the split between the $270 million first-phase investment and the earlier $450 million project valuation, and the specific solar capacity or power purchase arrangements. The report also does not detail financing sources, expected completion dates, or customer commitments for the Kemet Data Center.