Ministry of Investment, Shareek Sign Deals with Saudi Energy for Digital Infrastructure, Data Localization
Initiative aimed at developing digital infrastructure, strengthening data localization, and enhancing readiness to attract high-value investments in the data center sector.
Riyadh: Extending the pivotal role of the energy, communications, and information technology ecosystems in supporting strategic enablers of the digital economy, the Ministry of Investment and the Shareek Program have signed two agreements with Saudi Energy and Dawiyat Integrated Telecom and Information Technology to enable the establishment of a Tier III data center.
The initiative is aimed at supporting the development of digital infrastructure, strengthening data localization, and enhancing Saudi Arabia’s readiness to attract high-value investments in the data center sector.
The agreements were signed in the presence of representatives from the Ministry of Energy, the Ministry of Investment, and the Ministry of Communications and Information Technology, along with officials from the Shareek Program, Saudi Energy, and Dawiyat Integrated Telecom and Information Technology.
The deals aim to develop advanced digital infrastructure that accelerates the transition toward an integrated digital economy, reinforces the Kingdom’s position as a regional hub for data centers, attracts quality investments and major global ICT companies, and strengthens reliance on local digital infrastructure.
They also seek to improve the efficiency of ICT services and reduce dependence on data hosting outside the Kingdom, supporting digital sovereignty and sustainable economic growth.
The establishment of a Tier III data center represents a significant step in enhancing the reliability of digital services and ensuring business continuity, supporting data-driven sectors, and improving readiness for digital economy requirements, including smart city applications and Internet of Things technologies.
The Shareek Program said the agreement reflects its ongoing efforts to enable private sector investments in strategic sectors by supporting digital infrastructure projects and strengthening integration between government entities and national companies, thereby accelerating economic transformation and advancing the objectives of Saudi Vision 2030.
Shareek has also extended its investment facilitation model beyond the digital sector.
A recent example includes agreements with Almarai Co. to localize fish and seafood processing in the Kingdom, aimed at strengthening food security, improving supply chain efficiency, and enhancing domestic production capacity as part of broader economic diversification efforts under Vision 2030.
The initiative is aimed at supporting the development of digital infrastructure, strengthening data localization, and enhancing Saudi Arabia’s readiness to attract high-value investments in the data center sector.
The agreements were signed in the presence of representatives from the Ministry of Energy, the Ministry of Investment, and the Ministry of Communications and Information Technology, along with officials from the Shareek Program, Saudi Energy, and Dawiyat Integrated Telecom and Information Technology.
The deals aim to develop advanced digital infrastructure that accelerates the transition toward an integrated digital economy, reinforces the Kingdom’s position as a regional hub for data centers, attracts quality investments and major global ICT companies, and strengthens reliance on local digital infrastructure.
They also seek to improve the efficiency of ICT services and reduce dependence on data hosting outside the Kingdom, supporting digital sovereignty and sustainable economic growth.
The establishment of a Tier III data center represents a significant step in enhancing the reliability of digital services and ensuring business continuity, supporting data-driven sectors, and improving readiness for digital economy requirements, including smart city applications and Internet of Things technologies.
The Shareek Program said the agreement reflects its ongoing efforts to enable private sector investments in strategic sectors by supporting digital infrastructure projects and strengthening integration between government entities and national companies, thereby accelerating economic transformation and advancing the objectives of Saudi Vision 2030.
Shareek has also extended its investment facilitation model beyond the digital sector.
A recent example includes agreements with Almarai Co. to localize fish and seafood processing in the Kingdom, aimed at strengthening food security, improving supply chain efficiency, and enhancing domestic production capacity as part of broader economic diversification efforts under Vision 2030.
