National Infrastructure Fund and the Ministry of Communications and Information Technology Sign Cooperation Agreement to Establish a Financing Program for Digital Infrastructure Projects in the Kingdom
Infra and MCIT sign agreement to create a financing program that accelerates digital infrastructure, enabling private investment, 350MW data centers, and 10,000 km fiber expansion.
February 16, 2025
Scope of Cooperation:
- Establishing a dedicated financing program aimed at accelerating the development of digital infrastructure projects. The program seeks to enable private-sector investment and support projects across the Kingdom’s digital infrastructure sector, with a particular focus on large-scale data centers and artificial intelligence initiatives.
- Stimulating greater private-sector participation in developing digital infrastructure projects, contributing to achieving the goals of Saudi Vision 2030 and aligning with the National Digital Strategy.
- Supporting the development of data centers with a total capacity of up to 350 megawatts.
- Developing 10,000 km of fiber-optic networks.
- Leveraging the Fund’s expertise as a financing partner. The agreement includes conducting joint studies on the financing ecosystem and supporting digital projects. It also aims to advance digital infrastructure and artificial intelligence projects in the Kingdom.
- Enhancing institutional cooperation and the exchange of knowledge and expertise between the Fund and the Ministry to attract local and international investors to contribute to digital infrastructure and AI projects in Saudi Arabia.
- Establishing a dedicated financing program aimed at accelerating the development of digital infrastructure projects. The program seeks to enable private-sector investment and support projects across the Kingdom’s digital infrastructure sector, with a particular focus on large-scale data centers and artificial intelligence initiatives.
- Stimulating greater private-sector participation in developing digital infrastructure projects, contributing to achieving the goals of Saudi Vision 2030 and aligning with the National Digital Strategy.
- Supporting the development of data centers with a total capacity of up to 350 megawatts.
- Developing 10,000 km of fiber-optic networks.
- Leveraging the Fund’s expertise as a financing partner. The agreement includes conducting joint studies on the financing ecosystem and supporting digital projects. It also aims to advance digital infrastructure and artificial intelligence projects in the Kingdom.
- Enhancing institutional cooperation and the exchange of knowledge and expertise between the Fund and the Ministry to attract local and international investors to contribute to digital infrastructure and AI projects in Saudi Arabia.