Saudi-listed Al Moammar Information Systems Company (MIS) has been awarded a significant contract worth 228 million Saudi riyals ($60.77 million) to expand the Naqaa data center in Riyadh. The contract, awarded by the influential Saudi Data and AI Authority (SDAIA), underscores the Kingdom’s accelerated push to bolster its digital infrastructure.
By The Numbers
- Contract Value: 228 Million SAR ($60.77M)
- Project Duration: 36 Months
- Client: Saudi Data and AI Authority (SDAIA)
- Project: Naqaa data center expansion in Riyadh
Boosting the Kingdom’s Digital Infrastructure
The 36-month project is designed to significantly expand the data center’s capacity. This expansion will help meet the rapidly growing demand for data hosting and advanced digital technology services, which are critical components of Saudi Arabia’s national transformation under Vision 2030. This investment in foundational infrastructure is essential for supporting the growth of cloud computing, big data, and AI applications across the Kingdom.
A Strategic Partnership with SDAIA
The contract award from the Saudi Data and AI Authority highlights the project’s strategic importance. SDAIA is the primary government entity responsible for driving the Kingdom’s data and artificial intelligence agenda. This partnership positions MIS as a key player in the execution of Saudi Arabia’s national technology strategy.
Part of a Broader Expansion Plan
This contract is part of a larger strategic initiative by MIS to dominate the data center space. In July, the company signed a framework agreement with Saudi Data Centre Fund 1 to expand its existing data center infrastructure with up to 112 megawatts (MW) of additional capacity, signaling a massive pipeline of development in this sector.
About Al Moammar Information Systems (MIS)
Al Moammar Information Systems is a leading publicly-listed IT solutions and services provider in Saudi Arabia. The company specializes in a wide range of technology infrastructure projects, including data centers, cloud solutions, and digital transformation services for both public and private sector clients.
Looking Ahead
This contract is another clear indicator of the immense capital being deployed into Saudi Arabia’s digital infrastructure. It reinforces the significant opportunities available for technology, construction, and engineering firms as the Kingdom builds the necessary capacity to become a leading regional hub for data, AI, and cloud services.
Source: Zawya
