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Transactions - NOVEMBER 17, 2021

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Saudi Telecom to invest $400m expanding data centers

by Andrea Zander

Saudi Telecom Co., one of the largest telecommunications company in the Middle East, will invest 1.5 billion riyals ($400 million) to build Phase 3 of its data center expansion, according to Bloomberg.

“We have big plans for our data centers to become a gateway for the MENA infrastructure,” said Haithem Alfaraj, chief technology officer at Saudi Telecom.

Phase 1 of the project was completed in 2019, and Phase 2 was already in its final commissioning stage. Phase 3 is expected to be completed next year.

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