GFH Financial Group's US Investments in AI and Data Centres Soar Past $200 Million

Bahrain-based GFH Financial Group has significantly increased its investments in the United States, with their current total exceeding $200 million. This move is part of the group's strategy to enhance infrastructure dedicated to data centres and artificial intelligence. The recent developments were highlighted by GFH's Group CEO, Hisham Alrayes, during the World Economic Forum in Davos. This marks a substantial increase from a previous investment of over $100 million in a portfolio located in Virginia, US, in 2017. GFH joins a growing list of Gulf Cooperation Council (GCC) companies investing heavily in AI and data centre infrastructure, a trend showcased by recent announcements from other major players like the Emirati tycoon Hussain Sajwani and a partnership involving KKR and Gulf Data Hub. Such investments by GCC companies reflect a strategic alignment with the global shift towards digital infrastructure enhancement.