Ooredoo and Iron Mountain Partner to Accelerate Data Centre Growth Across MENA
Ooredoo Group and Iron Mountain have announced a strategic partnership where Iron Mountain will acquire a minority equity stake in Ooredoo's carrier-neutral data centre company, MENA Digital Hub. The collaboration aims to expand MENA's hyperscale and AI data centre infrastructure, combining Ooredoo's local expertise with Iron Mountain's global operational experience.
Iron Mountain will provide specialized advice in design, construction, and operations of data centres. The partnership focuses on operational support, infrastructure enhancement, and supporting MENA Digital Hub's expansion plans across key MENA markets. MENA Digital Hub plans to expand its capacity to over 120 megawatts through a USD 1 billion investment in the medium term.
Iron Mountain currently operates approximately 415 megawatts of colocation, hyperscale, and AI-related capacity across 21 markets, with potential capacity of nearly 1.3 gigawatts. Ooredoo recently raised QAR 2 billion in bank financing to accelerate its data centre and AI business growth.
Ooredoo Group e Iron Mountain hanno annunciato una partnership strategica in cui Iron Mountain acquisirà una partecipazione azionaria di minoranza nella società di data center neutra da carrier di Ooredoo, MENA Digital Hub. La collaborazione mira ad espandere l'infrastruttura dei data center hyperscale e AI nella regione MENA, combinando l'expertise locale di Ooredoo con l'esperienza operativa globale di Iron Mountain.
Iron Mountain fornirà consulenza specializzata nella progettazione, costruzione e operazioni dei data center. La partnership si concentra sul supporto operativo, il miglioramento dell'infrastruttura e il sostegno ai piani di espansione di MENA Digital Hub nei principali mercati MENA. MENA Digital Hub prevede di espandere la propria capacità a oltre 120 megawatt attraverso un investimento di 1 miliardo di USD nel medio termine.
Iron Mountain attualmente gestisce circa 415 megawatt di capacità di colocation, hyperscale e AI in 21 mercati, con una capacità potenziale di quasi 1,3 gigawatt. Ooredoo ha recentemente raccolto 2 miliardi di QAR in finanziamenti bancari per accelerare la crescita della propria attività nei data center e nell'AI.
Ooredoo Group e Iron Mountain han anunciado una asociación estratégica en la que Iron Mountain adquirirá una participación minoritaria en la empresa de centros de datos neutros de operadores de Ooredoo, MENA Digital Hub. La colaboración tiene como objetivo expandir la infraestructura de centros de datos hyperscale e IA en la región MENA, combinando la experiencia local de Ooredoo con la experiencia operativa global de Iron Mountain.
Iron Mountain proporcionará asesoría especializada en el diseño, construcción y operaciones de centros de datos. La asociación se centra en el apoyo operativo, la mejora de la infraestructura y el apoyo a los planes de expansión de MENA Digital Hub en los principales mercados de MENA. MENA Digital Hub planea expandir su capacidad a más de 120 megavatios a través de una inversión de 1 mil millones de USD a mediano plazo.
Iron Mountain actualmente opera aproximadamente 415 megavatios de capacidad de colocation, hyperscale y relacionada con IA en 21 mercados, con una capacidad potencial de casi 1,3 gigavatios. Ooredoo recientemente recaudó 2 mil millones de QAR en financiamiento bancario para acelerar el crecimiento de su negocio de centros de datos e IA.
Ooredoo Group와 Iron Mountain는 Iron Mountain이 Ooredoo의 통신사 중립 데이터 센터 회사인 MENA Digital Hub에서 소수 지분을 인수하는 전략적 파트너십을 발표했습니다. 이 협력은 Ooredoo의 지역 전문성과 Iron Mountain의 글로벌 운영 경험을 결합하여 MENA의 하이퍼스케일 및 AI 데이터 센터 인프라를 확장하는 것을 목표로 합니다.
Iron Mountain은 데이터 센터의 설계, 건설 및 운영에 대한 전문적인 조언을 제공할 것입니다. 이 파트너십은 운영 지원, 인프라 개선 및 MENA Digital Hub의 주요 MENA 시장에서의 확장 계획 지원에 중점을 두고 있습니다. MENA Digital Hub는 중기적으로 120 메가와트 이상의 용량으로 확장할 계획이며, 이를 위해 10억 달러 투자를 진행할 예정입니다.
Iron Mountain은 현재 21개 시장에서 약 415 메가와트의 콜로케이션, 하이퍼스케일 및 AI 관련 용량을 운영하고 있으며, 잠재 용량은 거의 1.3 기가와트에 달합니다. Ooredoo는 최근 데이터 센터 및 AI 비즈니스 성장을 가속화하기 위해 20억 카타르 리얄의 은행 자금을 조달했습니다.
Ooredoo Group et Iron Mountain ont annoncé un partenariat stratégique dans lequel Iron Mountain acquerra une participation minoritaire dans la société de centres de données neutres d'opérateurs d'Ooredoo, MENA Digital Hub. Cette collaboration vise à étendre l'infrastructure des centres de données hyperscale et IA dans la région MENA, en combinant l'expertise locale d'Ooredoo avec l'expérience opérationnelle mondiale d'Iron Mountain.
Iron Mountain fournira des conseils spécialisés en matière de conception, de construction et d'exploitation de centres de données. Le partenariat se concentre sur le soutien opérationnel, l'amélioration de l'infrastructure et le soutien aux plans d'expansion de MENA Digital Hub sur les principaux marchés de MENA. MENA Digital Hub prévoit d'augmenter sa capacité à plus de 120 mégawatts grâce à un investissement de 1 milliard USD à moyen terme.
Iron Mountain exploite actuellement environ 415 mégawatts de capacité de colocation, hyperscale et liée à l'IA dans 21 marchés, avec une capacité potentielle de près de 1,3 gigawatts. Ooredoo a récemment levé 2 milliards de QAR en financement bancaire pour accélérer la croissance de son activité de centres de données et d'IA.
Ooredoo Group und Iron Mountain haben eine strategische Partnerschaft angekündigt, bei der Iron Mountain eine Minderheitsbeteiligung an Ooredoos carrier-neutraler Rechenzentrumsfirma, MENA Digital Hub, erwerben wird. Die Zusammenarbeit zielt darauf ab, die hyperscale und KI-Rechenzentrumsinfrastruktur in der MENA-Region auszubauen, indem die lokale Expertise von Ooredoo mit der globalen Betriebserfahrung von Iron Mountain kombiniert wird.
Iron Mountain wird spezialisierte Beratung in den Bereichen Design, Bau und Betrieb von Rechenzentren anbieten. Die Partnerschaft konzentriert sich auf operative Unterstützung, Infrastrukturverbesserung und die Unterstützung der Expansionspläne von MENA Digital Hub in wichtigen MENA-Märkten. MENA Digital Hub plant, seine Kapazität auf über 120 Megawatt durch eine 1-Milliarde-USD-Investition im mittelfristigen Zeitraum zu erweitern.
Iron Mountain betreibt derzeit etwa 415 Megawatt an Colocation-, Hyperscale- und KI-bezogenen Kapazitäten in 21 Märkten, mit einem Potenzial von fast 1,3 Gigawatt. Ooredoo hat kürzlich 2 Milliarden QAR an Bankfinanzierungen gesammelt, um das Wachstum seines Rechenzentrums- und KI-Geschäfts zu beschleunigen.
- Strategic partnership with global leader Iron Mountain brings operational expertise and investment
- Planned expansion to 120+ megawatts capacity through USD 1 billion investment
- Secured QAR 2 billion in bank financing for growth acceleration
- Access to Iron Mountain's global network spanning 61 countries
- None.
Insights
This strategic partnership marks a pivotal move in the MENA region's data center landscape, combining Iron Mountain's global expertise (operating 415 megawatts across 21 markets) with Ooredoo's strong regional presence. The deal's structure is particularly noteworthy for several reasons:
The planned
- Accelerating AI adoption requiring substantial computing infrastructure
- Growing cloud service demand from regional digital transformation initiatives
- MENA's competitive advantages in power costs and government support
The partnership's value proposition extends beyond mere capacity expansion. Iron Mountain's expertise in hyperscaler operations and global best practices will enhance operational efficiency and service delivery. The recent
The MENA region's data center market presents unique opportunities due to its geographical position between Europe and Asia, making it an ideal location for regional data processing hubs. The focus on energy-efficient, AI-powered facilities aligns with both environmental considerations and the technical requirements of next-generation computing workloads.
- Strategic partnership to accelerate expansion of MENA Digital Hub Ooredoo’s data centre platform, and support the growth of cloud and AI deployments
- Iron Mountain’s minority equity stake will bring global expertise to optimise operations, accelerate infrastructure development and scalability
- Partnership to meet the rising demand for colocation, AI, Cloud services and hyperconnectivity in the region
DOHA &
Aziz Aluthman Fakhroo, Group CEO, Ooredoo (Photo: Business Wire)
The partnership will enable Ooredoo to expand its MENA footprint of hyperscale and AI data centre infrastructure, combining the strength of the company’s local development and operational track record with Iron Mountain’s global operating expertise.
In addition to industry expertise, Iron Mountain will provide MENA Digital Hub with specialised advice in the design, construction and daily operations of data centres to meet evolving global demands. Initial engagement will focus on operational support, infrastructure enhancement and supporting MENA Digital Hub’s existing plans to further expand its data centre capacity across key markets in the MENA region.
The investment by Iron Mountain into Ooredoo’s data centre platform is a testament to the growing attractiveness of the MENA region for digital infrastructure with superior growth driven by cloud services and AI and the ability to leverage globally differentiated access to power and governmental support. The platform will be uniquely positioned to further capitalize on its existing infrastructure to capture an increasing share of the fast-expanding demand, while ensuring continuous compliance with local and international regulations.
Aziz Aluthman Fakhroo, Group CEO, Ooredoo, commented: “We are excited to work with Iron Mountain, leveraging their deep expertise in hyperscaler data centres to enhance MENA Digital Hub’s capabilities and drive the growth of AI-enabler data centres in the region. This partnership will provide the strategic support needed to optimise operations, accelerate infrastructure development, and scale our platform to meet the growing demand of blue-chip customers and major organisations across the region.”
Iron Mountain, which operates in 61 countries and has more than 240,000 customers worldwide, offers a range of information management services including digital solutions, data centres, secure records storage, information governance, and asset lifecycle management. Since founding its data centre division in 2013, Iron Mountain has scaled to a global market leader, operating approximately 415 megawatts of colocation, hyperscale and AI-related capacity in 21 markets across three continents, with total potential capacity of nearly 1.3 gigawatts.
Bill Meaney, President and CEO, Iron Mountain, commented: "We are delighted to partner with Ooredoo and support the burgeoning digital transformation in the MENA region. This alliance strengthens our data centre business and demonstrates our commitment to investing in the region's future. We see immense potential in the MENA market and are excited to leverage our expertise to drive innovation and growth alongside Ooredoo."
As part of its strategic vision to focus on the core and monetise the digital infrastructure demand in the region, Ooredoo established MENA Digital Hub last year to pioneer the region’s digital transformation by providing cutting-edge colocation services to hyperscalers and enterprises. As part of its strategic growth, the company plans to expand its capacity to over 120 megawatts through a
With data centres across five markets, Ooredoo continues to lead the MENA region’s data centre market. Ooredoo’s existing partnerships with key hyperscalers puts the company in a unique position to leverage the strong tailwinds in the sector and maximise its business and financial outcomes.
Sunita Bottse, the CEO of the MENA Digital Hub, said: “This strategic collaboration enables MENA Digital Hub to leverage Iron Mountain’s deep expertise alongside Ooredoo’s market strength, reinforcing our ability to meet the escalating demand for reliable and scalable data centres across key markets in the region. It also enhances the value we deliver to both new and existing customers, solidifying our position as a key enabler of digital infrastructure growth.”
Late last year, Ooredoo raised
The transaction is subject to customary closing procedures.
Moelis & Company acted as the exclusive financial advisor and Baker McKenzie as legal advisor to Ooredoo Group. A&O Shearman acted as legal advisor to Iron Mountain.
About Ooredoo
Ooredoo is an international communications Company operating across the
As of 31 December 2024, Ooredoo generated full-year Revenue of
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately
To learn more about Iron Mountain, please visit www.IronMountain.com.
About MENA Digital Hub
MENA Digital Hub (MDH) is a leader in physical and digital infrastructure services, specializing in the design, construction, and management of data centres. With a network of operational facilities across various markets in the MENA region, MDH serves hyperscalers, colocation wholesale providers, and AI infrastructure deployments, enabling seamless digital growth in the region.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250213977047/en/
Ooredoo contacts
Investor Relations
IR@ooredoo.com
Media enquiries:
media@ooredoo.com
Iron Mountain contacts
Investor enquiries:
Mark Rupe
SVP, Investor Relations
Mark.Rupe@ironmountain.com
(215) 402-7013
Erika Crabtree
Manager, Investor Relations
Erika.Crabtree@ironmountain.com
(617) 535-2845
Media enquiries:
media@ironmountain.com
Source: Iron Mountain Incorporated
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