Alfanar Global Development is to invest $1.4 billion in four data centers in Saudi Arabia, aimed at enhancing cloud computing and AI solutions. The centers will prioritize sustainability and support the country’s green initiatives, contributing to Vision 2030. Alfanar’s ongoing commitment to infrastructure development positions Saudi Arabia as a key player in data storage and technology innovation.
Alfanar Global Development has announced a substantial investment of $1.4 billion to establish multiple data centers in Saudi Arabia. The plans were unveiled during the LEAP 2025 event, with the company set to construct four strategically located centers in Riyadh and Dammam. These facilities aim to enhance cloud computing and support AI-driven solutions for various sectors, both public and private.
While specific details regarding the anticipated capacity and project timeline remain limited, Alfanar emphasizes that sustainability and efficiency will guide the development of these data centers. This initiative aligns with Saudi Arabia’s ambitions for green energy and environmental objectives.
Amer Al Ajmi, the Executive Vice President, expressed pride in how this project contributes to Saudi Arabia’s Vision 2030, stating that they are enhancing the digital economy while drawing global businesses to the Kingdom, thus establishing Saudi Arabia as a frontrunner in data storage and technology innovation.
Alfanar is recognized as a global project developer with ongoing projects across diverse sectors such as energy, healthcare, and data centers in locations including Saudi Arabia, Bahrain, the UAE, Spain, the UK, and India. Previously, the company has successfully completed four data center projects in Saudi Arabia, serving clients like the Saudi Red Crescent Authority.
Saudi Arabia’s major data center markets consist of Dammam, Riyadh, and Jeddah. The sector is currently witnessing a surge in developer interest, with organizations like DataVolt and Equinix planning their data center projects within the Kingdom. In addition, Microsoft has completed its cloud region in Saudi Arabia, expected to be operational by 2026, while other major cloud service providers are establishing their presence in the region as well.
In conclusion, Alfanar’s considerable investment in data centers signifies a pivotal advancement for Saudi Arabia’s digital infrastructure, with a focus on sustainability and efficiency. The company’s efforts align with national goals and are expected to attract global tech businesses, thereby reinforcing the Kingdom’s position as a leading technology hub in the Middle East.
Original Source: www.datacenterdynamics.com
