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$ 120 Million Israeli Underground Data Center Advances

Idol Omar Adam And his company, PAI, which is part of the consortium. The deal was planned by Nessim Sariel Gaon, a private equity firm. Lian groupThis venture is currently from Google, Microsoft, Amazon..

A consortium that includes Israeli song superstar Omer Adam has agreed to build a state-of-the-art data center in the Middle East.

A group of partners purchased about 7 acres of land in the northern Israeli city of Afula for $ 24.5 million. Construction of the data center will begin at the end of the year and will be completed within five years. The group will be one of the few companies in Israel building underground data centers to enter markets dominated by technology giants Google, Microsoft and Amazon.

The European-Israeli Group is headed by the Maul brothers Maor and Sunil Maruru. PAI is dominated by Omer and Yaniv Adam, and Luxembourg’s private-equity fund Lian Group was founded by Gaon with partner Fiorenzo Manganiello. Marc Lugassy, ​​head of LIAN’s Israeli office, also helped secure the deal.

“This deal continues LIAN’s strong position in the region. We are pleased with the results and look forward to the building opening,” Lugassy said enthusiastically.

“This is a big step not just for Israel, but for the region as a whole and the industry as a whole,” explains Gaon. “This venture proves that through wise and strategic partnerships with local businesses, we all compete with and rival tech giants. This new data center is in a variety of situations. Will change. “

Gaon has a fruitful and recent track record in data centers.

In 2020/2021, the LIAN Group demonstrated its commitment to disruptive technology development and investment by announcing the upgrade of two blockchain data centers over a six-month period. In February 2021, the group announced an injection of $ 12 million (USD) to upgrade its Canadian blockchain data center. The largest private infrastructure provider in the blockchain ecosystem.



$ 120 Million Israeli Underground Data Center Advances

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