Alfanar Global Development unveils $1.4 billion investment to build 4 data centers in KSA

Amer Al Ajmi, executive vice president, Alfanar Projects
Short Url
Updated 15 March 2025
Follow

Alfanar Global Development unveils $1.4 billion investment to build 4 data centers in KSA

Alfanar Global Development, has announced a landmark $1.4 billion investment to develop four world-class data centers. The announcement was made during LEAP 2025 in the presence of Abdullah Al Swaha, minister of communications and information technology.

Four data centers will be developed in four locations across Riyadh and Dammam, strengthening the Kingdom’s position as a global digital hub whilst accelerating progress towards Vision 2030’s digital transformation objectives.

These facilities aim to support cloud computing, AI-driven solutions, and data security, catering to both government and enterprise needs across a wide range of industries, including finance, healthcare, e-commerce, and AI-driven enterprises, by offering high-performance digital solutions on an international scale.

With this move, Alfanar Global Development continues to strengthen the data economy sector, enabling Saudi Arabia to consume and export data services. As the data center industry continues to expand rapidly, these data centers aim to offer scalable, resilient infrastructure, driving innovation in AI and digital transformation.

Prioritizing efficiency and sustainability, they will also contribute to the Kingdom’s green energy and environmental goals, supporting a more connected and future-ready Saudi Arabia.

Amer Al Ajmi, executive vice president of Alfanar Projects, said: “Alfanar Global Development is leaping into the future with this project, and we are proud of our continuous contribution to Vision 2030 in a transformative way.”

“By creating a secure and scalable digital infrastructure, we are not only advancing the Kingdom’s digital economy but also attracting global businesses, putting Saudi Arabia on the map as a leader in data storage and technology-driven innovation.”

With the most advanced security protocols, scalable cloud computing solutions, and AI-driven processing capabilities, these data centers are designed to attract multinational corporations seeking secure, efficient, and high-performance data storage solutions.


iCAUR V27 conquers city roads with new energy technology

Updated 23 February 2026
Follow

iCAUR V27 conquers city roads with new energy technology

A media test drive event focused on premium on-road driving was held in Jeddah. On Feb. 5, iCAUR invited representatives from media outlets, including leading automotive outlet Motory, to take part in an in-depth driving experience featuring the all-round hybrid SUV V27 across urban roads and intercity highways.
Guests gathered at Jeddah’s premium landmark, Millionaire Restaurant, where the iCAUR Saudi Arabia team introduced the V27’s design philosophy and key technologies. Open discussions followed, helping members of the media gain a clearer understanding of iCAUR’s brand vision and the V27’s core strengths ahead of the test drive.
The test drive route covered urban roads in Jeddah as well as inter-city highways leading to King Abdullah Economic City, providing an ideal setting to evaluate the V27’s on-road performance across varied conditions. During long-distance highway driving, range and power remain key considerations, and the iCAUR V27 demonstrated solid on-road performance. As the brand’s first mass-production model equipped with the Golden REEV system, the V27 features a dedicated 1.5T range-extender engine with a thermal efficiency of 45.79 percent. It generates 3.71 kWh of electricity per liter of fuel and delivers a combined range of over 1,000 km, effectively addressing long-distance travel concerns.
On city streets with moderate traffic, the V27 impressed with its smooth and quiet ride. The electric motors deliver responsive, linear acceleration, with seamless start-stop performance that keeps driving relaxed even in traffic. Once on open intercity highways, pressing the accelerator fully unleashes 455 hp from the dual motors, propelling the SUV from zero to 100 km/h in about five seconds. Overtaking and lane changes feel effortless, with no hint of lag at any point.
Even more impressive, this five-meter-long SUV, with a chassis tuned by the internationally renowned racing team Prodive and equipped with an intelligent all-wheel drive system, maintained precise handling at high-speed corners. The steering felt responsive and refined, while the suspension offered solid support, completely defying the typical perception of large SUVs as cumbersome. “I didn’t expect such a large SUV to handle so nimbly — it was enjoyable to drive from start to finish,” one media guest remarked after the test drive. “The intelligent cockpit exceeded all expectations, making long-distance driving both comfortable and enjoyable!”
During the test drive, several media representatives praised the V27’s Stellar Cockpit. The 15.4-inch 3K HD touchscreen delivers crisp, detailed visuals, while the smart infotainment system powered by the 8155 chip ensures smooth operation comparable to a premium tablet, with seamless swiping and no lag. Meanwhile, a temperature-controlled armrest compartment, along with ventilated and heated seats precisely calibrated to the driver’s comfort, kept the driving experience enjoyable throughout the long-distance journey.
Previous test drives at Riyadh’s Edge of the World demonstrated the V27’s off-road capabilities under challenging conditions. The Jeddah media test drive, however, offered a first-hand experience of the V27’s impressive performance in city commuting and intercity highway scenarios. It not only overcomes the typical trade-off between power and range found in conventional new energy vehicles but also seamlessly combines intelligent technology with precise handling, meeting the key expectations of Saudi drivers for on-road performance.
As a model tailored for the Middle East market, the iCAUR V27 made its global debut in the UAE on Feb. 8, followed by a launch in Bahrain on Feb. 10. The arrival of the V27 is expected to bring fresh energy and new possibilities to the region’s premium new energy mobility segment.