MIS has partnered with client to launch a fund – namely Saudi Data Center Fund 1. This aimed to establish the six data centers in two areas, with a combined initial capacity of 24 MW.
Saudi information technology firm Al-Moammar Information Systems, or MIS, is to start building six data centers across the Kingdom at an initial value of SR1.2 billion ($320 million) as per a deal with Saudi Fransi Capital, or SFC. A notice from SFC activated contracts signed between the two parties. It stated their intention to complete the first phase of the data centers initiative without delay. Under the deal, MIS is responsible for designing, constructing, and managing the centers.
Construction works have not been commenced yet.
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