Saudi Arabia Signs 364M Riyal Data Center Deal

The Arabian Company for Internet and Communications Services "Solutions" Saudi Arabia signed a contract worth 364 million riyals with the Digital Centers for Data and Communications "Center 3" to establish a data center in Dammam, over a period of 18 months. The contract includes infrastructure setup, engineering works, and final commissioning, with the financial impact expected to begin in the first quarter of 2027. "Center 3" is considered a related party, as Saudi Telecom Company "STC" owns 79% of Solutions' shares and 100% of Center 3's shares.

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