Alfanar Global Development plans to invest $1.4 billion in four data centers across Riyadh and Dammam, aimed at enhancing cloud computing and AI solutions. The project prioritizes sustainability and aligns with Saudi Arabia’s green energy goals. This investment supports the Kingdom’s Vision 2030 and aims to attract global businesses, bolstering its digital economy.
Alfanar Global Development, a prominent project developer, is set to invest $1.4 billion in the development of data centers within Saudi Arabia. Announced at the LEAP 2025 event, the company revealed plans to construct four strategically placed data centers in Riyadh and Dammam, aiming to enhance cloud computing and artificial intelligence capabilities for both public and private sectors.
Although detailed information about the data centers’ capacity and timelines is limited, Alfanar has emphasized a commitment to sustainability and efficiency. These initiatives align with Saudi Arabia’s green energy objectives and environmental goals.
Amer Al Ajmi, Executive Vice President of Alfanar, stated the company’s vision for the future: “Alfanar Global Development is leaping into the future with this project, and we are proud of our continuous contribution to Vision 2030 in a transformative way.” This investment aims to establish a secure digital infrastructure that bolsters the Kingdom’s digital economy and attracts international businesses, positioning Saudi Arabia as a key player in technology and data storage.
Alfanar’s portfolio includes diverse developments across several countries, including energy and healthcare projects. In Saudi Arabia, the company has previously completed four data center projects serving various significant clients. Among these, the largest data center boasted a capacity of 1 megawatt (MW). Furthermore, Alfanar has previously collaborated with HPE to establish a server manufacturing facility in Riyadh.
Dammam, Riyadh, and Jeddah are recognized as Saudi Arabia’s primary markets for data centers, having witnessed substantial interest from developers. Major entities such as DataVolt, Equinix, and Microsoft are actively expanding their cloud operations in the region, with the latter set to launch its Saudi cloud region by 2026. Additionally, Tencent recently initiated its first cloud region in the Middle East, located in Saudi Arabia, indicating an ongoing trend of growth in digital infrastructure in the Kingdom.
In conclusion, Alfanar Global Development’s substantial investment in Saudi Arabian data centers represents a significant step towards enhancing the Kingdom’s digital infrastructure and supporting its Vision 2030 agenda. With a focus on sustainability and efficiency, these projects aim to strengthen the digital economy while attracting global businesses, reinforcing Saudi Arabia’s position in the technology sector.
Original Source: www.datacenterdynamics.com
