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Al Moammar Information Systems Company (MIS) has announced the signing of a Memorandum of Understanding with Saudi French Capital to study and assess the feasibility of developing three new data centers in the cities of Riyadh, Dammam, and Jeddah, with a total capacity of 48 megawatts. The memorandum addresses the technical, financial, and legal aspects of the project, with the company responsible for the development, design, and implementation of the centers, as well as asset management after completion. The duration of the memorandum is 90 days, with the possibility of extension, and it has not yet resulted in any direct financial impact.
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