Bahrain-based GFH Financial Group has announced that its US investments now exceed $200 million, with a focus on developing infrastructure for data centers and artificial intelligence (AI). This marks a significant increase, doubling the company’s previous US investments, which began with a $100 million portfolio acquisition in Virginia in 2017.
The announcement, made by Group CEO Hisham Alrayes at the World Economic Forum in Davos, places GFH Financial Group alongside a growing list of GCC companies investing heavily in AI and data centers. The move comes as part of a broader trend in the region’s increasing interest in these high-growth sectors.
In a similar vein, Emirati billionaire Hussain Sajwani, CEO of Damac Properties, pledged a $20 billion investment in the US data center industry, further underlining the region’s commitment to expanding its influence in global technological infrastructure. Additionally, New York-based private equity firm KKR and Dubai’s Gulf Data Hub recently announced a $5 billion partnership to strengthen data center infrastructure in the Gulf.
