Major data center company pauses investment decisions in Middle East amid Iran war, CEO tells CNBC
A major data center company has halted investments in the Middle East due to the ongoing Iran war. The conflict has led to rising oil prices and disrupted supply chains, creating uncertainty for digital infrastructure projects. Despite the pause, the company still sees long-term opportunities in the region.
- ▪The company has paused investment in AI infrastructure projects and data centers in the Middle East.
- ▪A data center in Abu Dhabi was damaged by shrapnel from an Iranian attack.
- ▪The CEO stated that no new capital will be invested until the situation stabilizes.
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| Original publisher | CNBC — Tech |
| Canonical URL | https://www.cnbc.com/2026/04/29/oaktree-owned-pure-dc-investment-decisions-gulf-data-centers.html |
| Publication time | Wed, 29 Apr 2026 05:00:01 GMT |
| Retrieval time | 2026-04-29T05:13:26.567Z |
| Last seen | 2026-04-29T05:13:26.567Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | HYse3haPeV_M |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
A major data center company has paused investment in AI infrastructure projects and data centers in the Middle East amid the Iran war, its CEO has told CNBC.As oil prices have skyrocketed and supply chains have been heavily disrupted by conflict in the region, the future of huge digital infrastructure plans in the Middle East has become uncertain. Assets in the region have become military targets and shortages are predicted for key materials needed for the AI infrastructure buildout. A data center in Abu Dhabi, operated by Oaktree-owned Pure DC, was struck by shrapnel from an Iranian attack. The company's CEO, Gary Wojtaszek, told CNBC that investment decisions had been paused on "all data center opportunities.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Tech.
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