MIS project backlog at SAR 11B, data-center demand rises: CEO

Abdullah Al-Ghamdi, CEO of Al Moammar Information Systems Co. (MIS)

Al Moammar Information Systems Co.’s (MIS) outlook is positive, supported by a project pipeline of nearly SAR 11 billion, CEO Abdullah Al-Ghamdi told Argaam in an interview.

The sustained public and private spending on digital-transformation projects, along with rising Public Investment Fund (PIF) investments, bolster demand in the sector and back MIS’s projections, he added.

Al-Ghamdi said the demand for MIS data centers is on the rise, backed by high-quality services and long-built expertise in designing, developing, and operating facilities to global standards. These have helped the company bag global and local clients, including Microsoft, Tadawul, and Humain.

He expects MIS to complete 24 megawatt (MW) of its data-center expansion within 12 months, kicking off actual profitability. The remaining 48 MW will be scheduled and executed over the following six months, he added.

The contract operates on a cost-plus model, ensuring healthy margins and supporting sustainable returns.

He added that “Sahayab,” the data-center platform in which MIS holds a 10% stake via Saudi Fransi Capital, is now the Kingdom’s largest neutral operator.

The sector, the CEO noted, is set for further growth as demand rises for both traditional and AI-driven cloud-data-center capacity, where MIS expects to participate.

MIS anticipates new contracts in data centers, cloud computing, artificial intelligence, and core business technologies, supported by market needs and current sector trends.

The company began executing a new 72-MW expansion project on Nov. 27, valued at around SAR 3 billion, as part of a previously announced 112-MW framework agreement, bringing the total estimated value to over SAR 4.5 billion, according to Argaam’s data.