MIS to begin data centers expansion by 72MW for SAR 3B

MIS signed in July an agreement with Saudi Data Center Fund 1 to expand existing data centers by up to 112 MW

Al Moammar Information Systems Co. (MIS) received a notice to start work on the project to expand existing data centers with a capacity of 72 megawatts, out of the total 112 megawatts, at an estimated value of SAR 3 billion.

In a statement to Tadawul, the company said this development is part of the strategic expansion of data center projects and the enhancement of the digital infrastructure in the Kingdom.

The company expects the financial impact of the 24-megawatt capacity to commence from Q1 2026 and continue through Q1 2027. The financial impact of the remaining 48 megawatts will be announced during the next six months, the statement added.

In July, MIS signed a framework agreement with Saudi Data Center Fund 1 to expand existing data centers by up to 112 megawatts and explore the potential development of new facilities, Argaam reported.