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 specialized 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. 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.
A key element of EDB’s strategy to empower the national industrial sector through direct and indirect financing, is the 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.