Alfanar Global Development is investing $1.4 billion in four data centers across Riyadh and Dammam. The centers will support cloud computing and AI solutions, prioritizing sustainability while contributing to Saudi Arabia’s environmental goals. This project aligns with the Kingdom’s Vision 2030 objectives, enhancing digital infrastructure and attracting global businesses.
Alfanar Global Development has announced a significant investment of $1.4 billion to establish data centers in Saudi Arabia. This initiative was unveiled during the LEAP 2025 event, where the company outlined plans for the development of four strategically located data centers in Riyadh and Dammam. These facilities are designed to enhance cloud computing and facilitate AI-driven solutions for both public and private sectors.
While specific details regarding capacity and construction timelines remain limited, Alfanar emphasizes that the data centers will prioritize sustainability and efficiency. This endeavor aims to align with the Kingdom’s green energy and environmental objectives, thereby contributing to its overall sustainability goals.
Amer Al Ajmi, the executive vice president, stated that this project represents a forward leap into the future. He expressed pride in Alfanar’s ongoing contributions towards Vision 2030, noting that the creation of a secure and scalable digital infrastructure would enhance the digital economy and position Saudi Arabia as a global leader in data storage and technology innovation.
Alfanar has established a reputation as a global project developer with various ongoing projects, including energy, data centers, and healthcare facilities in Saudi Arabia, Bahrain, the UAE, Spain, the UK, and India. The company has completed several data center projects in Saudi Arabia for notable clients such as the Saudi Red Crescent Authority and the General Authority for Statistics.
Dammam, Riyadh, and Jeddah represent the largest data center markets within Saudi Arabia, which has attracted considerable interest from developers. Noteworthy announcements have been made this year by companies like DataVolt and Equinix regarding new data centers in the Kingdom. Furthermore, major cloud service providers such as Microsoft, Google, AWS, and Oracle are either establishing or expanding their presence in Saudi Arabia, with Tencent launching its first cloud region in the Middle East last month.
In conclusion, Alfanar Global Development’s $1.4 billion investment in data centers signifies a pivotal step towards enhancing Saudi Arabia’s digital infrastructure. The strategic development of these facilities in Riyadh and Dammam aims to bolster cloud computing capabilities and support AI technologies, aligning with the nation’s Vision 2030 goals. As interest from global developers grows, Saudi Arabia is on the path to becoming a leader in the data storage and technology sectors.
Original Source: www.datacenterdynamics.com
