Staff Writer
Al 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) (anoop.menon@lseg.com)
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