Data Centres & Networks

MIS may develop data centres in three Saudi cities

MIS may develop data centres in three Saudi cities

Saudi Arabia's Al Moammar Information Systems Company (MIS), an IT solutions provider, has signed a memorandum of understanding (MoU) with Saudi Fransi Capital, acting on behalf of Saudi Data Centre Fund 1, to study the development of three data centres across Saudi Arabia.

Saudi Data Centre Fund 1 is an investment fund managed by Saudi Fransi Capital in partnership with MIS, established to construct and manage hyperscale data centres in the Kingdom.

Under the proposed framework, the fund will evaluate the development of facilities with an estimated combined capacity of around 48 megawatts (MW) at three locations in three cities, the capital Riyadh, Dammam in the Eastern Province and Jeddah, a port city on the Red Sea, according to a filing by MIS to the Saudi Exchange.

If the project proceeds, MIS will serve as the developer, designer and engineering, procurement and construction (EPC) contractor for the data centres. The company will also provide ongoing asset and facilities management services for the completed facilities.

It's not necessarily a done deal, of course. MIS has said the agreement is intended to establish a framework for cooperation while the parties study and evaluate the proposed developments.

There is growing demand for data centre infrastructure in Saudi Arabia as the Kingdom accelerates investments in cloud computing, artificial intelligence and digital transformation initiatives under its Vision 2030 strategy, aimed at diversifying its economy, reducing oil dependency, and modernising society

This announcement follows hard on the heels of news in June that MIS had been awarded a contract for data centre colocation services with Humain, a Saudi Arabia Public Investment Fund company building full-stack artificial intelligence capabilities globally.



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