Aug 18, 2023 | Posted by Abdul-Rahman Oladimeji
Jordan Capital & Investment Fund (JCIF) invests in Aqaba Digital Hub (ADH), a company that operates a data center in Jordan. The fund revealed this week that it had finalized the terms of a ‘significant minority' investment in ADH, a Jordanian corporation that operates a data center and fiber network. The agreement's terms were not disclosed.
ADH, which was founded in 2017 and is owned by Al Mirnaah Investment & Business Development Company, maintains a carrier-neutral, Uptime Tier III-certified 6MW data center and cable landing station (CLS) in Aqaba via its NaiTel and 35D subsidiaries. The facility will be the landing point for the Raman segment of Google's forthcoming Blue-Raman cable, connecting Europe to Asia via the Red Sea rather than the Suez Canal.
Additionally, the corporation provides cloud services, long-distance telecommunications services, a carrier-neutral internet exchange point (AqabaIX), fiber networks, and satellite services. The Jordanian Commercial and Islamic Banks Investment Fund (JCIF) was established in 2021 as the largest Jordanian investment fund, with a total capital of $388,500,000. It is owned by sixteen Jordanian commercial and Islamic banks.
