Al-Moammar Information Systems (MIS) was awarded a SR179.8M contract by King Saud Medical City covering maintenance and repair of medical devices and equipment together with IT works and services.
This is recurring revenue in a quarter when project revenue is under pressure. If your business is capex-dependent, the strategic question this award poses is what part of your offering could be sold as an annual service instead.
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Six months to fund $5 billion
DataVolt expects to close financing on its Saudi AI data centre pipeline — $5 billion total — within six months, with a 1.5GW facility at Neom whose first phase is due operational in 2028. Its Uzbekistan site TAS-1 is raising up to $150 million against a $250 million project cost, including $78 million from the EBRD on a 12-year non-recourse term; the first 6MW phase has under 10% of capacity left. Parent Vision Invest manages more than $95 billion of infrastructure assets.
The Uzbekistan deal is the tell. A 12-year non-recourse structure with a development bank anchoring it is the template they'll try to replicate at Neom and 1.5GW is roughly twenty times the scale, which is where the template gets tested.
Two and a half billion for megawatts
HUMAIN is seeking a fund with an initial target of $2.5 billion to finance 250-megawatt data centres being built with Al Moammar Information Systems, with capacity that could eventually rise to 1 gigawatt. BSF Capital manages the fund, Saudi Investment Bank is soliciting investors, and Capital Market Authority approval is expected to take 2 to 3 months, with financing structured as a mix of debt and equity.
Raising a dedicated fund, instead of using the balance sheet, positions data centre capacity as an investable asset class, with debt and equity allocated to external investors.
Services Are The New Engine
PIF signed an MoU with ISquared Capital for up to $2bn, roughly $1bn each into digital infrastructureand district cooling, the unglamorous enablers behind real estate and datacenters
The takeaway: $1bn into digital infrastructure is a wager on compute demand; anyone in power, land, or connectivity near Riyadh should price a data-center boom into their plans.
