This post was originally published on The FinTech Times
Taranis Capital Limited, an investment firm regulated by the DFSA and based in the Dubai International Financial Centre (DIFC), has officially signed a Memorandum of Understanding (MOU) with Emaar Executive Company (EEC). Together, the firms plan to develop, construct, and operate a portfolio of next-generation, carrier-neutral data centre facilities across the Kingdom of Saudi Arabia.
The collaboration unites Taranis Capital’s fund management and investor network with EEC’s vertically integrated engineering, procurement, and construction (EPC) capabilities, alongside its design and operations expertise. This combination creates a fully integrated platform aimed at delivering world-class digital infrastructure within the Kingdom.
Addressing the Kingdom’s infrastructure gap
Saudi Arabia’s data centre market is currently experiencing unprecedented demand, primarily driven by the rapid adoption of artificial intelligence (AI), cloud computing, and various digital transformation initiatives under Vision 2030. However, despite substantial investments from global hyperscalers, the Kingdom currently lacks sufficient carrier-neutral, multi-tenant facilities capable of providing the connectivity ecosystems that enterprises, content providers, and cloud platforms require.
To bridge this gap, the new partnership will focus on developing strategically located data centre campuses. Key features of these planned facilities include:
— Read the rest of this post, which was originally published on The FinTech Times.
