Saudi · Datacenter Dynamics
Gulf firms Taranis and EEC partner to develop 50MW data centers in Saudi Arabia
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Dubai-based investment firm Taranis Capital has signed a Memorandum of Understanding with Emaar Executive Company (EEC) to develop a portfolio of 40–50MW data center campuses in Saudi Arabia.
Key facts
- According to DataCenterMap, Saudi Arabia currently has 60 data centers across 11 markets, the largest of which is Riyadh, followed by Dammam
- Dubai-based investment firm Taranis Capital has signed a Memorandum of Understanding with Emaar Executive Company (EEC) to develop a portfolio of 40–50MW data center campuses in Saudi Arabia
- The Taranis Data Centre Fund targets $2 billion in private investment for the development and operation of carrier-neutral data center infrastructure in the country
- Taranis Capital was founded in 2023 as a venture capital and strategic investment firm regulated by the Dubai Financial Services Authority
Summary
The Taranis Data Centre Fund targets $2 billion in private investment for the development and operation of carrier-neutral data center infrastructure in the country. The agreement, which is backed by the Saudi Investment Promotion Authority (SIPA), is driven by a rising demand for digital and financial infrastructure across the kingdom. The companies will develop, construct, and operate an unspecified number of “strategically located” data center campuses designed to support cloud computing, artificial intelligence, and enterprise workloads. Taranis Capital said the facilities will incorporate advanced cooling technologies and Nvidia’s next-generation GPU architectures.