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Al Muammar funds 1.2B dollar data center expansion
Al Ma'mar for Information Systems announced a $1.2 billion investment to expand data centers in Saudi Arabia, aiming to increase its operational capacity to 192 megawatts to meet the rising demand for computing and artificial intelligence services. This investment aligns with Saudi Arabia’s broader strategy to enhance its digital infrastructure and localize advanced technologies, coinciding with the Kingdom's participation in the LEAP 2026 conference, which saw investment announcements totaling $2.5 billion. Meanwhile, NHC Innovation plans to develop data centers in the Digital Wadi Khuzam with investments of up to $880 million, while other companies are working to strengthen digital infrastructure in Africa and expand cloud services in Saudi Arabia, all in support of technological development and the creation of national tech solutions.
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