Alfanar Global Development plans to invest $1.4 billion in developing four data centers in Saudi Arabia to support cloud computing and AI technologies. These centers will be located in Riyadh and Dammam, emphasizing sustainability and efficiency to align with the Kingdom’s environmental goals.
Alfanar Global Development intends to invest $1.4 billion in establishing data centers in Saudi Arabia. This ambitious plan, announced during the LEAP 2025 event, includes the construction of four strategically placed data centers in Riyadh and Dammam, aimed at enhancing cloud computing and artificial intelligence solutions for both public and private sectors.
While specific details on capacity and timelines remain limited, Alfanar emphasizes that these data centers will be developed with a focus on sustainability and efficiency. This initiative aligns with the Kingdom’s environmental objectives and its commitment to green energy.
The $1.4 billion investment by Alfanar is a significant step towards enhancing Saudi Arabia’s digital infrastructure and supporting its Vision 2030 goals. By focusing on sustainable and efficient data center development, Alfanar aims to attract global businesses, ultimately positioning Saudi Arabia as a leader in technology-driven innovation and data storage solutions in the region.
Original Source: www.datacenterdynamics.com
