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.
