Arabian Gulf Investment Holdings (AGI) and DanaCloud Sign Strategic MoU to Allocate Up to USD 50 Million Toward AI-Ready Modular Data Center and Cloud Infrastructure

Team IIGA
February 24, 2026

It was announced today that Arabian Gulf Investment Holdings (AGI) and DanaCloud have signed a strategic Memorandum of Understanding (MoU), establishing a framework for collaboration on the development and enablement of next-generation, AI-ready modular data center and cloud infrastructure projects across the region.

The MoU was signed by H.E. Dr. Khalifa Saif Juma Saif Al Mehairbi, Chairman of AGI and Mohamad Bahaedin, CEO of DanaCloud.

Under the agreement, DanaCloud will be responsible for the design, build, and operating of advanced data center and cloud infrastructure projects, as well as their end-to-end enablement through its flagship cloud platform, DanaIX. DanaIX delivers a unified, production-ready environment covering the full stack—from physical infrastructure and AI-ready modular data centers to cloud management, control panels, and enterprise-grade IaaS, PaaS and SaaS services—ensuring clients receive fully operational solutions from infrastructure through to application and platform layers.

AGI, as a well-established and forward-thinking Emirati investment group, will play a strategic enabling role in the collaboration, supporting projects through investment alignment, strategic structuring, and regional market enablement. AGI’s institutional strength, long-term vision, and leadership in the region will be instrumental in advancing scalable, resilient, and sustainable digital infrastructure initiatives.

As part of the collaboration, the parties will explore AI-ready modular data center and cloud infrastructure projects with a potential aggregate investment scope of up to USD 50 million.

The partnership comes at a time of rapidly accelerating demand for AI compute and GPU-dense infrastructure, coupled with limited availability of suitable data center space and power. Governments and enterprises worldwide are investing heavily in artificial intelligence capabilities, yet the shortage of AI-ready facilities has become a critical bottleneck. Modular data center architectures, combined with tightly integrated cloud platforms, are increasingly recognized as the fastest and most efficient path to unlocking scalable AI capacity.

By combining DanaCloud’s technical execution, AI-ready modular data center expertise, and unified cloud platform capabilities with AGI’s strategic leadership and regional enablement, the collaboration aims to deliver future-ready cloud and AI infrastructure that is operational from day one, scalable by design, and deployable at speed.

H.E. Dr. Khalifa Saif Juma Saif Al Mehairbi, Chairman of AGI, said:

“At AGI, we are committed to supporting strategic initiatives that contribute to long-term economic resilience and technological leadership. AI-ready data centers and advanced cloud platforms are becoming foundational infrastructure for the region’s digital future. We are proud to collaborate with DanaCloud on initiatives that have the potential to deliver scalable, sustainable, and globally competitive infrastructure aligned with regional priorities.”

Mohamad Bahaedin, CEO of DanaCloud, said:

“We are honored to collaborate with Arabian Gulf Investment Holdings (AGI). DanaCloud brings deep technical capability—from AI-ready modular data center design to a fully unified cloud platform through DanaIX—while AGIbrings strategic vision, institutional strength, and regional leadership. Together, we aim to deliver fully enabled infrastructure that allows governments and enterprises to adopt advanced cloud and AI technologies with speed and confidence.”

Karl Simon, CEO of AGI, added:

“This MoU reflects a strong strategic alignment between AGI and DanaCloud. DanaCloud contributes execution depth and platform capability, while AGI supports initiatives through strategic insight and long-term planning. Together, we are laying the foundation for scalable and sustainable AI and cloud infrastructure across the region.”

The MoU establishes a collaborative framework for identifying, evaluating, and advancing projects that integrate AI-ready modular data centers, cloud platforms, and strategic investment—positioning both organizations at the forefront of the rapidly evolving AI and cloud infrastructure landscape.

About DanaCloud

DanaCloud is a cloud and data center company headquartered in South Korea, with an operational base in the UAE and ongoing regional expansion. The company specializes in high-performance cloud infrastructure, AI-ready modular data centers, and enterprise cloud platforms delivered through its flagship solution, DanaIX.

danacloud.com

cloud.danaix.com

About Arabian Gulf Investment Holdings (AGI)

Arabian Gulf Investment Holdings (AGI) is an Emirati investment group focused on strategic, forward-looking initiatives across key sectors. AGI plays an active role in enabling large-scale projects through partnerships, investment alignment, and long-term value creation.

arabiangulfinvest.com

Mohamad Bahaedin (CEO of DanaCloud) LinkedIn: http://linkedin.com/in/mohamad-bahaedin-6b199215a

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