Latest news with #UAE-Italy
Al Etihad
13-07-2025
- Business
- Al Etihad
Khazna, Eni join forces to develop 500MW AI data centre campus near Milan
13 July 2025 18:29 ROME (ALETIHAD)In a significant leap for Europe's digital infrastructure, Khazna Data Centers, a UAE-based hyperscale digital infrastructure leader, and Eni, the Italian global energy company, have signed a Head of Terms (HoT) agreement to establish a joint venture to develop a 500-megawatt AI data centre campus in Ferrera Erbognone, Lombardy, signing ceremony took place in Rome on Friday, in the presence of Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation, and Adolfo Urso, Italy's Minister of Enterprises and Made in Italy, alongside other senior officials. The agreement was signed by Hassan Alnaqbi, CEO of Khazna Data Centers, and Guido Brusco, Eni's Chief Operating Officer for Global Natural strategic initiative marks a major milestone in the UAE-Italy cooperation framework, which was reinforced during the state visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to Italy in February 2025. The visit laid the groundwork for a broader partnership in artificial intelligence, energy transition, and digital upcoming campus will feature state-of-the-art, energy-efficient infrastructure built specifically to support high-density AI and high-performance computing (HPC) workloads. It will be powered by Eni's proprietary 'Blue Power'—a low-carbon energy source generated by a high-efficiency Combined Cycle Gas Turbine (CCGT) power plant equipped with carbon capture capabilities. This integration of decarbonised energy with AI data infrastructure is a first-of-its-kind in Italy, symbolising a new era in sustainable digital project is the first phase of a larger programme that aims to install up to 1 gigawatt (GW) of total IT capacity across Italy. Under the HoT, Khazna is appointed as the main partner to design and execute a phased master plan to deliver the 500MW data Alnaqbi, CEO of Khazna Data Centers, stated: 'We're proud to partner with Eni, a demonstrated energy leader, on this HoT, which represents a defining step in Khazna's European expansion. Together with Eni, we are enabling the infrastructure needed for exponential AI growth—delivering the scale, sustainability, and operational precision that next-generation compute demands.'Guido Brusco, COO Global Natural Resources of Eni, added: 'Through this partnership, Eni and Khazna are jointly contributing to delivering a world-class hyperscale infrastructure, strategic for Italy and Europe, providing their distinctive capabilities in innovation, energy sustainability and rapid time-to-market.' The agreement outlines the key principles, governance framework, and roles for a dedicated joint venture company that will oversee and fast-track the delivery of this strategic digital infrastructure.
Sharjah 24
17-06-2025
- Health
- Sharjah 24
Nahyan bin Mubarak inaugurates Gemelli Health Solutions in Dubai
Dignitaries attend opening ceremony The event was attended by Bishop Paolo Martinelli, Apostolic Vicar of Southern Arabia; Lorenzo Fanara, Ambassador of Italy to the UAE; and several senior officials, medical leaders, and investors. Facility tour and advanced technologies Sheikh Nahyan toured the medical facility, accompanied by Edoardo Napoli, Consul General of Italy in Dubai and the Northern Emirates. The delegation explored various departments and the state-of-the-art medical technologies integrated into the facility. Expansion of Italian expertise The new medical facility represents an extension of the Gemelli Group's long-standing expertise in healthcare and medical education in Italy. It offers advanced diagnostic and therapeutic services, adhering to world-class healthcare standards. UAE's global leadership in healthcare Sheikh Nahyan emphasised that under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE continues to strengthen its global position in healthcare by embracing best practices and innovative treatments to enhance public health. UAE-Italy medical collaboration He praised the UAE-Italy collaboration in healthcare innovation, calling it a successful model of international partnership that encourages knowledge exchange, research, and development. Strategic healthcare hub 'The opening of the Gemelli Centre in Dubai reflects the UAE's prestigious position as a global hub for advanced healthcare,' Sheikh Nahyan said. 'It also highlights the growing international confidence in the UAE's robust medical and investment environment.' Specialised services and infrastructure The centre is staffed with specialised medical professionals and equipped with advanced technology, offering services in cardiology, oncology, family medicine, and early diagnostics—enhancing the UAE's integrated healthcare system. UAE: Ideal environment for health investment Professor Abdullah Raweh, Director of Gemelli Health Solutions, noted that the UAE provides an ideal setting for healthcare investment due to its advanced infrastructure, efficient legislation, and supportive regulatory framework. A strategic and humanitarian priority 'The remarkable progress we are witnessing in healthcare services in the UAE reflects a national vision that sees health as a strategic, humanitarian, and investment priority,' Prof. Raweh added. Italian Ambassador highlights strong bilateral ties Ambassador Lorenzo Fanara expressed pride in attending the inauguration and highlighted the deep-rooted cultural and humanitarian ties between the UAE and Italy, spanning decades. Symbol of a golden era in UAE-Italy relations He emphasized that the Gemelli Health Solutions centre symbolizes a new phase of cooperation and a golden era in bilateral relations, built on shared values and mutual trust. A boost to Italian community and healthcare innovation Fanara noted the centre's role in strengthening the presence of the 23,000-strong Italian community in the UAE and fostering innovation in the medical sector. A new phase of healthcare collaboration 'This inauguration marks the beginning of a new phase of healthcare collaboration between Italy and the UAE,' Ambassador Fanara said. 'It paves the way for building stronger bridges between our medical and research institutions.'
Al Etihad
17-06-2025
- Health
- Al Etihad
Nahyan bin Mubarak inaugurates advanced Gemelli Health Solutions in Dubai
17 June 2025 19:43 DUBAI (WAM)Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, inaugurated the Gemelli Health Solutions in Dubai - known as Gemelli Health Solutions - marking the first facility of Italy's renowned Gemelli Group in the Middle event was attended by Bishop Paolo Martinelli, Apostolic Vicar of Southern Arabia, Lorenzo Fanara, Ambassador of Italy to the UAE, along with senior officials, medical leaders, and Nahyan toured the medical facility, accompanied by Edoardo Napoli, Consul General of Italy in Dubai and the Northern delegation explored various departments and the state-of-the-art medical technologies integrated into the new medical facility represents an extension of the Gemelli Group's long-standing expertise in healthcare and medical education in Italy, offering advanced diagnostic and therapeutic services while adhering to world-class healthcare Nahyan emphasised that under the leadership of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the UAE continues to strengthen its global leadership in healthcare by embracing the best medical practices and innovative treatment methods, which contribute to enhancing quality of life and public health across the praised the UAE-Italy collaboration in health and medical innovation, describing it as a successful model of international partnership that fosters knowledge exchange, supports research and development, and strengthens the healthcare sector in both countries.'The opening of the Gemelli Centre in Dubai reflects the UAE's prestigious position as a global hub for advanced healthcare,' Sheikh Nahyan said. 'It also highlights the growing international confidence in the UAE's robust medical and investment environment.'The centre is staffed with specialised medical professionals and equipped with advanced technology, offering services in cardiology, oncology, family medicine, and early diagnostics, enhancing the UAE's integrated healthcare Abdullah Raweh, renowned surgeon and Director of Gemelli Health Solutions, noted that the UAE offers an ideal environment for health sector investment, thanks to its advanced infrastructure, flexible legislation, and clear, efficient regulatory framework, factors that encourage global medical institutions to expand with confidence.'The remarkable progress we are witnessing in healthcare services in the UAE reflects a national vision that sees health as a strategic, humanitarian, and investment priority,' Prof. Raweh Lorenzo Fanara expressed his pride in attending the inauguration of this outstanding Italian medical institution in a country bound to Italy by deep-rooted cultural, commercial, and humanitarian ties spanning also emphasised that the opening of the Gemelli Health Solutions is not merely a medical achievement or an addition to infrastructure, it symbolises a golden era in relations between the UAE and also noted that the project reflects the core values of cooperation, partnership, and mutual trust, rooted in respect and a shared vision for a prosperous and sustainable future for both added that the centre will also contribute to strengthening the presence of the Italian community in the UAE, which now numbers over 23,000 residents across the country.'This inauguration marks the beginning of a new phase of healthcare collaboration between Italy and the UAE,' Ambassador Fanara said. 'It paves the way for building stronger bridges between our medical and research institutions, in support of innovation and sustainable advancement in this vital sector.'
Al Etihad
16-06-2025
- Business
- Al Etihad
COIMA, Eagle Hills partner to unlock €200m restoration of iconic Venice hotel
16 June 2025 13:08 MILAN (WAM) COIMA SGR, a leading Italian real estate investment and asset manager, has finalised an agreement to acquire 100 percent of the legacy debt on the historic Grand Hôtel des Bains, paving the way for the full restoration of the landmark property on the Lido di project will be financed through the newly launched COIMA Des Bains Fund, backed jointly by the COIMA ESG City Impact Fund – Italy's largest urban regeneration vehicle – and Abu Dhabi-based Eagle Hills, a global real estate investment and development COIMA ESG City Impact Fund includes institutional investors such as Cassa Forense, ENPAM, Inarcassa, Intesa Sanpaolo, and others. Eagle Hills' entry into Italy marks a strategic expansion of its European portfolio and reinforces its focus on reviving iconic destinations through luxury Grand Hôtel des Bains joins Eagle Hills' global portfolio of over 90 luxury hospitality company, under the leadership of Mohamed Alabbar, owns and operates more than 35 hotels, with projects across Europe, the Adriatic, the Middle East, and Africa. Notable assets include the restored Bristol Hotel in Belgrade, Serbia, within the Belgrade Waterfront investment in Venice underscores growing confidence in Italy's political stability and tourism sector, following the official visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan in February also reflects strengthening UAE-Italy bilateral COIMA ESG City Impact Fund focuses on urban regeneration and sustainable reuse of buildings. Its initiatives include the Porta Romana Railway Yard redevelopment with Prada Holding and Covivio, and the 2026 Winter Olympics Athletes' Village, which will later become Italy's largest student accommodation Federico Marchetti, founder of YOOX Net-A-Porter Group, has also invested in the COIMA Des Bains Fund through his company, Mavis. COIMA and Eagle Hills may open the fund to further institutional and professional investors to support broader regeneration across the Lido di Venezia, home to the Venice Film fund has acquired a €54 million loan held against the hotel from Intesa Sanpaolo and Altea SPV, which had purchased the debt tranche originally held by UniCredit. CRC (Christofferson, Robb & Company) is the noteholder, with Prelios Credit Servicing acting as agreement enables COIMA to invest approximately €200 million in restoring and modernising the Grand Hôtel des Bains. Closed since 2010, the hotel will be transformed into a high-end resort while retaining its historical character. The redevelopment also includes enhancements to the surrounding park and beachfront, with work on the latter already in 1900 with 180 rooms, the Grand Hôtel des Bains was a luxurious retreat frequented by Europe's elite. It gained literary fame when Thomas Mann stayed there in 1911, inspiring his novella Death in Venice. The hotel later featured in the 1971 film adaptation and became a regular host to aristocrats, artists, and celebrities during the Venice Film Festival. Previous redevelopment plans by Est Capital were abandoned in and Eagle Hills will now coordinate with Venice's public authorities to finalise the restoration and founder of Eagle Hills, Mohamed Alabbar, said, 'This is more than a restoration – it is a revival of European legacy through modern excellence. Venice has always been a bridge between worlds, and we are proud to be part of its future, bringing our experience in luxury hospitality to one of the most symbolic hotels on the continent.' COIMA founder and CEO, Manfredi Catella, added, 'This first partnership with Eagle Hills, following an extensive exploration of investment opportunities, represents an important step forward and a meaningful sign of the strengthening relationship between Italy and the United Arab Emirates, following the meeting between Italy's Prime Minister Giorgia Meloni and His Highness Sheikh Mohamed bin Zayed Al Nahyan. The Grand Hôtel Des Bains is a symbol of Venice recognised around the world and a treasured part of Italy's cultural heritage. We will promptly begin working with Venice's public institutions to put a programme in place that restores the Des Bains to its rightful place on back on the global tourism map.'
Al Etihad
20-05-2025
- Business
- Al Etihad
G42, iGenius join forces to deploy Europe's largest AI compute cluster
20 May 2025 18:10 ABU DHABI (ALETIHAD) In a major step toward deepening the UAE-Italy strategic relations, G42, the leading AI technology group from Abu Dhabi, through its subsidiary Core42, on Tuesday announced a strategic partnership with iGenius, a pioneer in AI models for highly regulated industries, to deliver the largest AI compute deployment in partnership reflects the growing momentum in bilateral ties, aligned with both nations' leadership vision to drive innovation, enable economic advancement, and create shared value through advanced technology and knowledge agreement is intended to establish a robust framework for collaboration, positioning G42 as a trusted enabler of global digital transformation - particulary highlighting Core42's pivotal role in the AI infrastructure partnership. It also reflects the shared ambition to embed AI into critical value chains, fostering regional resilience and long-term sustainable announcement was made on the sidelines of 3rd Edition of Investopia Europe, in the presence of senior Italian ministers and UAE officials such as Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Investopia; Adolfo Urso, Minister of Enterprise and Made in Italy; and Alia bint Abdulla Al Mazrouei, Minister of State for Entrepreneurship, among others along with the leadership team of G42, Core42, and the heart of the partnership is the deployment of a high-performance GPU cluster powered by thousands of NVIDIA Blackwell GPUs, a major milestone in enabling sovereign AI infrastructure for the European envisaged pan-European AI rollout will be enabled and operated by Core42, a G42 company specialising in sovereign cloud, AI infrastructure, and digital services. iGenius is redefining the digital landscape through the first data center, Colosseum, with over 100 Exaflops of compute designed specifically for sovereign AI initial build out is more than a data centre – It's a blueprint for sovereign AI factories designed for use cases demanding the highest levels of security, reliability, and compute cluster will serve as a foundational layer to accelerate AI training, inferencing, and application development across key European industries, including financial services, manufacturing, and the public sector. It is purpose-built to meet the region's growing demand for secure, scalable, and high-performance infrastructure, aligned with Europe's digital sovereignty on this development, Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Investopia, said, 'The signing between G42 and iGenius is a testament to the strong economic cooperation between the UAE and Italy, and to our shared commitment to building partnerships in new economic sectors, like AI, that are driving global transformation. The UAE is at the heart of this shift, and we are proud to see this MoU signed at Investopia, a platform designed to accelerate partnerships and investment in the new economy.'Kiril Evtimov, Group Chief Technology Officer, G42 and Chief Executive Officer, Core42, stated, 'This partnership with iGenius marks a new chapter in boosting the European AI economy. By combining Core42's sovereign AI infrastructure expertise with Italy's innovative leadership, we are laying the groundwork to support the next generation of AI innovation in Europe. It reflects both our commercial promise and the strategic trust between the UAE and Italy in advancing the global AI ecosystem.'Uljan Sharka, CEO at iGenius, added, 'Our alliance with G42 is a strategic step toward building sovereign AI capacity for Europe. Together, we are combining world-class compute infrastructure with deep AI expertise to deliver impactful solutions across industries, while strengthening Italy's role as a hub for responsible and transformative AI innovation.' The new collaboration with iGenius marks another pivotal step in Core42's journey to deliver sovereign, enterprise-grade AI infrastructure across the continent.
