AlMoammarInformation Systems (MIS) is set to develop 72 MW in data center capacity at a cost of SAR 3 bn, after it received its first development commencement notice from the Saudi Data Center Fund 1, according to a Tadawul disclosure. The 72 MW development is part of a planned 112 MW project to expand the Saudi Data Center Fund 1’s existing infrastructure.

What else? MIS anticipates the financial impact of the first 24 MW of added capacity to be reflected in 1Q 2026 and last through 1Q 2027. No timeline or a contract cost was disclosed for the remaining 48 MW of the project.

REMEMBER- The Saudi Data Center Fund 1 was established in 2021 when MIS and Saudi Fransi Capital inked a SAR 1.2 bn agreement to develop, design, and manage data centers through the private investment fund. The agreement then laid out plans for six data centers with a combined 24 MW capacity.

Saudi is going all-in on data centers…: Saudi Arabia is reportedly looking to set up a new USD 100 bn AI project to turn the Kingdom into a “technological hub to rival the neighboring United Arab Emirates.” The Leap 25 conference saw a flurry of investments in data centers, including USD 1.4 bn investment from Alfanar for four data centers, as well as a USD 5 bn agreement between DataVolt and Neom.

… and paving the way for more: The Communications, Space, and Technology Commission proposed the Global AI Hub Law earlier this year, tailored to international clients and tech firms wanting to set up their data centers in the Kingdom. It aims to create secure sovereign data centers on Saudi soil, furthering the Kingdom’s goal of becoming a leading global digital hub.

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