Actis Eyes Joining Saudi Tech Rush With Data Center Investment

Actis GP LLP is eyeing a possible investment in data centers in Saudi Arabia, a sector that’s assuming growing importance in the oil-rich kingdom’s economic diversification plans.

The private equity firm, which invests in sustainable energy infrastructure, is taking “a close look” at potential deals, Sherif ElKholy, managing director and head for the Middle East and Africa, said in an interview in the Saudi capital, Riyadh, where he’s attending the Future Investment Initiative.