‎MIS CEO says backlog hits SAR 11B as data-center demand rises

‎MIS CEO says backlog hits SAR 11B as data-center demand rises ‎MIS CEO says backlog hits SAR 11B as data-center demand rises

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Abdullah Al-Ghamdi, CEO of Al Moammar Information Systems Co. (MIS)

Abdullah Al-Ghamdi, CEO of Al Moammar Information Systems Co. (MIS), said the company’s outlook is positive, supported by a project pipeline of nearly SAR 11 billion.

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He told Argaam that continued public and private spending on digital-transformation projects, along with rising Public Investment Fund (PIF) investments, is reinforcing demand in the sector.

Al-Ghamdi said demand for MIS data centers is accelerating, backed by high-quality services and long-built expertise in designing, developing, and operating facilities to global standards which has helped the company win global and local clients, including Microsoft, Tadawul, Humane, and others.

He expects MIS to complete 24 MW of its data-center expansion within 12 months, kicking off actual profitability, while the remaining 48 MW will be scheduled and executed over the following six months.

Al-Ghamdi noted that the contract operates on a cost-plus model, securing healthy margins and supporting sustainable returns.

He added that “Sahayab,” the data-center platform in which MIS holds a 10% stake via Fransi Capital, is now the Kingdom’s largest neutral operator.

He said the sector is set for further growth as demand rises for both traditional and AI-driven cloud-data-center capacity, where MIS expects to participate.

MIS anticipates new contracts in data centers, cloud computing, artificial intelligence, and core business technologies, supported by market needs and current sector trends.

The company began executing a new 72-MW expansion project on Nov. 27, valued at around SAR 3 billion, as part of a previously announced 112-MW framework agreement, bringing the total estimated value to over SAR 4.5 billion, according to Argaam’s data.

 

Abdullah Al-Ghamdi, CEO of Al Moammar Information Systems Co. (MIS)

Abdullah Al-Ghamdi, CEO of Al Moammar Information Systems Co. (MIS), said the company’s outlook is positive, supported by a project pipeline of nearly SAR 11 billion.

He told Argaam that continued public and private spending on digital-transformation projects, along with rising Public Investment Fund (PIF) investments, is reinforcing demand in the sector.

Al-Ghamdi said demand for MIS data centers is accelerating, backed by high-quality services and long-built expertise in designing, developing, and operating facilities to global standards which has helped the company win global and local clients, including Microsoft, Tadawul, Humane, and others.

He expects MIS to complete 24 MW of its data-center expansion within 12 months, kicking off actual profitability, while the remaining 48 MW will be scheduled and executed over the following six months.

Al-Ghamdi noted that the contract operates on a cost-plus model, securing healthy margins and supporting sustainable returns.

He added that “Sahayab,” the data-center platform in which MIS holds a 10% stake via Fransi Capital, is now the Kingdom’s largest neutral operator.

He said the sector is set for further growth as demand rises for both traditional and AI-driven cloud-data-center capacity, where MIS expects to participate.

MIS anticipates new contracts in data centers, cloud computing, artificial intelligence, and core business technologies, supported by market needs and current sector trends.

The company began executing a new 72-MW expansion project on Nov. 27, valued at around SAR 3 billion, as part of a previously announced 112-MW framework agreement, bringing the total estimated value to over SAR 4.5 billion, according to Argaam’s data.

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