JLW Middle East to construct a 60MW data centre at Masdar

The Emirates Development Bank (EDB) has approved a new trade facility to JLW Middle East to construct a 60-megawatt (MV) data centre, located in Masdar City, Abu Dhabi.

Ahmed Mohamed Al Naqbi, CEO – EDB, said: “A key element of EDB’s strategy to empower the national industrial sector through direct and indirect financing, is our focus on projects with a clear developmental impact on the economy and that facilitate the adoption of advanced technology. The completion of a data centre in Masdar will enhance the UAE’s digital infrastructure and gradual transition to a fully-fledged digital economy, which accelerates data sovereignty, possibilities of data analytics and other development in data-centric technologies in the UAE.

“In today’s technology-driven economy, data centres are vital not only to successful and continuous business operations but to the development of advanced technology ecosystems. The financing requirement from JLW, one of the region’s leading specialised electro–mechanical engineering, procurement and construction contractors in this field, satisfied a number of our lending eligibility criteria and scored high on our proprietary developmental scorecard, we are delighted we can support the completion of this start-of-the-art facility.”

The deal is an important one for JLW, as EDB’s “flexible and highly competitive solution” ensures that the client’s exacting standards will be met, said Michael Boufarhat, chairman and CEO of JLW Middle East.

In other news, Abu Dhabi’s ADNOC, TAQA, Mubadala entered agreements to acquire Masdar stakes, and now hold stakes in Masdar’s new green hydrogen joint venture. The venture aims to create a global clean energy entity to consolidate the renewable energy and green hydrogen efforts of the three entities under the Masdar brand.

Read: Abu Dhabi’s ADNOC, TAQA, Mubadala enter agreements to acquire Masdar stakes