ZAWYA: Saudi’s MIS to build AI-focused data centre for HUMAIN

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Staff WriterAl Moammar Information Systems Co. (MIS) has signed a contract to design and build a dedicated artificial intelligence (AI)-focused private data centre for PIF-owned HUMAIN.The value of the 12-month contract is forecast at more than 155 percent of 2024 revenue, MIS said in a statement to the Saudi stock exchange.Zawya Projects calculations show the contract value at 1.88 billion Saudi riyals ($500 million) based on MIS’ 2024 revenue of SAR 1.21 million.In December 2025, MIS won a similar project from HUMAIN.The company received a Development Commencement Notice from Saudi Data Centres Fund 1 in November to expand the capacity of existing data centres, starting with 72 megawatts (MW) out of a total of 112 MW, at a projected cost of $800 million.(Editing by Anoop Menon) ([email protected])Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and AfricaDisclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

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