Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • SEBI Chief Urges Mutual Fund Trustees To Strengthen Early Warning Systems
    • Mutual funds add 30.14 lakh folios in September to touch 25.19 Crore
    • After Kotak and UTI, SBI Mutual Fund halts silver ETF FoF subscriptions
    • Bonds made simple – a beginner’s guide to world’s largest asset class
    • Mutual funds vs ETFs: What’s the difference and which one should you pick?
    • Winning move for investment into equity MF: Go for funds with lower probability of loss if you are a conservative investor
    • Sanlam Collective Investments fined R10.6m for failing to comply with FIC Act anti-money laundering rules
    • Why are Silver ETFs trading at a steep premium over international prices? – Money News
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Investments»Trendyol, Castle Investments to build $500M data center in Turkish capital
    Investments

    Trendyol, Castle Investments to build $500M data center in Turkish capital

    May 27, 2025


    ISTANBUL

    Türkiye’s leading e-commerce platform Trendyol announced on Tuesday that it will join forces with Castle Investments to develop and operate a cutting-edge data center in the Turkish capital Ankara.

    The project, dubbed Ankara Data Hub, will offer 48 megawatts of IT capacity, making it one of the largest and most advanced facilities in the region. The center will be Uptime Tier III certified and is designed to meet the technological needs of hyperscalers, cloud service providers, and local enterprises.

    The partnership between Trendyol and Castle Investments, founded by data center veteran Tarek Al Ashram, was formalized through a Shareholders’ Agreement signed in Dubai.

    The ceremony was attended by high-level officials including Omar Sultan Al Olama, Artificial Intelligence, Digital Economy and Remote Work Applications Minister of the United Arab Emirates (UAE) and Mustafa Varank, Chair of the Committee on Industry, Trade, Energy, Natural Resources, Information and Technology in the Grand National Assembly of Türkiye.

    “Trendyol’s leadership is built on its world-class technological solutions and smart data applications,” said Caglayan Cetin, president of Trendyol Group.

    “The Ankara Data Center project will significantly enhance the quality of service we offer to our rapidly growing local and international customer base, and represents further evidence of our commitment to investing in Türkiye and our confidence in the country’s strong digital ecosystem,” he added.

    An iconic project and a new regional benchmark

    Castle Investments CEO Tarek Al Ashram described the project as transformative for the region.

    “This partnership represents a major step forward in shaping the future of digital infrastructure in the region,” he said.

    “Combining our extensive track record in delivering mission-critical data center facilities with Trendyol’s technological leadership and digital scale in Türkiye will make the Ankara Data Hub an iconic project and a new regional benchmark,” he said.

    The facility will initially launch with 9.6 megawatts of IT capacity by the third quarter of 2026. The total development cost is estimated at approximately $500 million, with construction already underway in the Temelli area of Ankara.

    Trendyol is expected to occupy a significant portion of the data center’s capacity to support its expanding operations, while the remaining capacity will be open to other cloud and enterprise customers.



    Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Sanlam Collective Investments fined R10.6m for failing to comply with FIC Act anti-money laundering rules

    October 13, 2025

    Malaysia concludes Expo 2025 Osaka with RM24.45b in potential trade and investments, says Miti sec-gen

    October 12, 2025

    UTI Asset Management halts new investments in silver ETF, follows Kotak Mahindra AMC’s suspension

    October 11, 2025
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Sanlam Collective Investments fined R10.6m for failing to comply with FIC Act anti-money laundering rules

    October 13, 2025

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    SEBI Chief Urges Mutual Fund Trustees To Strengthen Early Warning Systems

    October 13, 2025

    Mumbai: Markets regulator Sebi Chairman Tuhin Kanta Pandey on Monday urged mutual fund trustees to…

    Mutual funds add 30.14 lakh folios in September to touch 25.19 Crore

    October 13, 2025

    After Kotak and UTI, SBI Mutual Fund halts silver ETF FoF subscriptions

    October 13, 2025

    Bonds made simple – a beginner’s guide to world’s largest asset class

    October 13, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    This mutual fund has turned ₹10,000 monthly SIP into ₹8.53 lakh in 6 years

    July 28, 2025

    SIPs: Mirae Asset Large and Midcap Fund to accept lumpsum, SIP, STP from Aug 1

    July 27, 2024

    German Bond Yields Hit Six-Month Low After Spain’s Inflation Drop

    July 30, 2024
    Our Picks

    SEBI Chief Urges Mutual Fund Trustees To Strengthen Early Warning Systems

    October 13, 2025

    Mutual funds add 30.14 lakh folios in September to touch 25.19 Crore

    October 13, 2025

    After Kotak and UTI, SBI Mutual Fund halts silver ETF FoF subscriptions

    October 13, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.