Saudi cbank to establish data center at KAFD

18/05/2015 Argaam

Saudi Arabian Monetary Agency (SAMA), the kingdom’s central bank, inked a contract with the public pension agency (PPA) to lease new headquarters and land at King Abdullah Financial District (KAFD) to establish a new data center.

 

The Saudi payment network system will also be moved to the new location.

 

SAMA’s governor Fahad Al Mubarak and PPA’s governor Mohammad Al-Kharashi both inked the contract on Sunday.

 

KAFD, one of the biggest projects in Riyadh, is a 1.6 million-square-meter mixed-use development area fully owned by the PPA.

 

KAFD will serve as a financial hub for the country’s major financial institutions including the Capital Market Authority (CMA) and Saudi Stock Exchange (Tadawul), according to data available on Argaam.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.