Qatar’s Meeza lands financing for data center expansion: Qatari IT services and data center provider Meeza has secured a sharia-compliant Murabaha facility from locally-listed Dukhan Bank for QAR 135 mn to expand its data center capacity by 4 MW, according to a press release.

The rationale: The expansion aims to serve the increasing demand for AI, high-performance computing cloud services, and data security solutions in industries including financial services, healthcare, government, and smart cities.

Previous projects: The data center provider inked a QAR 100 mn agreement in September of last year to provide 1 MW capacity of its M-Vault data center through 2036 to an unnamed large international cloud service provider.

About the company: Meeza — an IT and data center services provider active in Qatar and GCC — offers technology services, including managed IT Services, data center services, cloud services, and IT security services, according to its website. It currently operates five Tier III certified data centers, with a guaranteed uptime of 99.98% built.

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