Saudi Arabia chosen as first location for $1bn Edgnex data center rollout

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Updated 30 March 2022
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Saudi Arabia chosen as first location for $1bn Edgnex data center rollout

RIYADH: Global digital infrastructure company Edgnex has chosen the Kingdom as its first location for its $1 billion planned data center empire across Europe, Asia, Africa, and the Middle East.

The facility, which is projected to launch in the third quarter of 2023, will have a power load of 20 MW, and will cover an area of 17,720 square meters.

“We want to help attract hyperscalers and innovators from around the world and give them a foundation for growth in the Kingdom,” Telecom TV reported, citing Niall McLoughlin, Senior Vice President of property developer Damac Group.

The facility aims to deliver new speed and agility to cater to local economies, enterprises, and end users.

Edgnex’s decision to expand to the Kingdom is attributed to the country’s dynamic ICT market, strategic location for data center investment, and the growing data usage in the region.

In line with the Kingdom’s Vision 2030, the facility will help diversify the Gulf country’s economy.

US real estate company JLL has been selected as managing partner for Edgnex’s proposed data center empire. 


Saudi Arabia approves over 1k chemical permits, awards 172 mining licenses

Updated 56 min 22 sec ago
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Saudi Arabia approves over 1k chemical permits, awards 172 mining licenses

RIYADH: Saudi Arabia processed more than 1,000 chemical permit requests in November and awarded exploration rights for 172 mining sites in what the government described as its largest licensing round on record. 

The Ministry of Industry and Mineral Resources said it handled 1,095 chemical clearance requests during the month, including 1,041 approvals for non-restricted chemicals and 54 for restricted substances, covering 2,081 product classifications, the Saudi Press Agency reported. 

It forms part of ongoing efforts to accelerate the discovery and development of mineral resources valued at over SR9.4 trillion ($2.51 trillion), aligning with Vision 2030’s objective to position mining as the third pillar of the national industrial sector.   

Ministry spokesperson Jarrah Al-Jarrah explained that the chemical clearance service enables industrial investors to obtain import or export permits for chemicals used in manufacturing through the “Sanaei” digital platform.  

“He clarified that the service aims to ensure that chemical clearances for industrial facilities are granted through streamlined procedures and in a timely manner, thus serving investors and facilitating the entry of their materials through ports of entry,” the SPA report stated. 

Al-Jarrah explained that the service plays a critical role in enhancing industrial output by developing and automating permit procedures for production-related chemicals as part of the ministry’s digital services.  

In a separate development, the ministry announced that 24 domestic and international companies and consortiums won exploration licenses across 172 mining sites in Saudi Arabia, with 76 of those sites awarded through a multi-round public auction.   

These sites span three mineral belts in the Riyadh, Madinah, and Qassim regions, with committed exploration spending exceeding SR671 million during the first two years of project implementation.  

The ministry described this licensing round as the largest mining tender in the Kingdom’s history.   

The competition covered more than 24,000 sq. km across regions known for strategic minerals including gold, copper, silver, zinc, and nickel.   

Additionally, the ministry noted that 26 qualified companies participated through the electronic bidding platform, progressing through a transparent process that began with prequalification and culminated in competitive multi-round auctions.  

The ministry confirmed that these investments aim to develop untapped exploration zones and enhance the utilization of Saudi Arabia’s mineral wealth, strengthening global supply chains.   

It also announced plans to launch further exploration license tenders covering 13,000 sq. km across Madinah, Makkah, Riyadh, Qassim, and Hail, with additional opportunities to be revealed at the 5th Future Minerals Forum in Riyadh from Jan. 13 to 15.  

These efforts, the ministry stated, reflect a broader mining strategy focused on maximizing resource potential, attracting foreign investment, creating employment opportunities, and integrating value chains to establish Saudi Arabia as a global mining hub.