Data Centre Industry News & Market Intelligence

MIS bags $22mln orders to up data centre capacity in Saudi Arabia

data centre capacity in

MIS bags $22mln orders to up data centre capacity in Saudi Arabia.

Al Moammar Information Systems Company (MIS) has received new orders worth 82.55 Saudi riyals ($22 million) to increase the capacity of data centres.

The data centres are being developed and designed in collaboration with Saudi Fransi Capital, the company said in a statement to the Saudi stock exchange on Tuesday.

Last month, MIS and financial services provider BSF Capital signed a letter of intent to increase the capacity of data centres in the kingdom by up to 64 megawatts in a deal with an estimated value ranging between SAR 1.95 billion and SAR 2.5 billion.

In July 2021, the company signed an agreement with Saudi Fransi Capital, the manager of the Shariah-compliant private investment fund, which will invest in developing, designing and managing six data centre facilities worth SAR 1.2 billion.

READ the latest news shaping the data centre market at Data Centre Central

MIS bags $22mln orders to up data centre capacity in Saudi Arabia. source

Follow us on LinkedIn!

Join our weekly newsletter!

Please enable JavaScript in your browser to complete this form.

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular

Most discussed