In 2023, Aurum Equity Partners and Al Nowais Group signed a memorandum of understanding (MoU) to jointly fund an advanced next-generation data center in Saudi Arabia.
This new data center will incorporate cutting-edge technologies like Edge Computing for real-time data processing, Software-Defined Infrastructure to enhance agility, and AI & Machine Learning to optimize its operations. The project is committed to an Environmental, Social, and Governance (ESG) first approach, using green technologies like energy-efficient cooling systems and renewable energy to reduce its carbon footprint and operational costs.
Aurum Equity Partners is an investment bank founded by a team of experienced professionals with a collective 50 years of experience and a track record of over 200 successful deals. The firm's philosophy is centered on Competence, Connections, and Character, which guides its approach to every partnership.
March 12, 2026 Saudi Arabia
State-backed AI venture Humain has secured 211 land plots across Saudi Arabia for future data center expansion. In a recent statement to The Information, Humain’s CEO Tareq Amin said the firm’s strategy “is built on geographic diversity and multiple fiber-optic routes, which is possible because...
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November 25, 2025 Saudi Arabia
Center3 and Saudi ICT company Sahara Net have entered a strategic colocation partnership, under which Sahara Net will establish dedicated hosting services within Center3’s data center facilities across the Kingdom.“Our partnership with Sahara Net reflects Center3’s commitment to building an open...
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November 22, 2025 Saudi Arabia
Elon Musk’s xAI is partnering with Humain to build a 500MW data center in Saudi Arabia. As part of the agreement, xAI’s Grok models will be deployed in Saudi Arabia. A location for the first data center has not been revealed, but an announcement from the two firms said it will “become one of the...
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September 30, 2025 Saudi Arabia
ByteBridge has signed a Memorandum of Understanding (MoU) with Saudi tech provider Naizak to form a data center business. The MoU is expected to lead to a joint venture based in Saudi Arabia, which is “designed to accelerate the growth of hyperscale clients and AI-driven data centers across the...
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May 19, 2025 Saudi Arabia
Qualcomm has signed a memorandum of understanding with Humain to develop AI data centers, hybrid AI across Edge and cloud, and AI chips which would cover facilities in Saudi Arabia and around the world.Humain and Qualcomm plan to develop and build AI data centers in Saudi Arabia, develop CPU and...
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Mar 12, 2026 Eric Bell World
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Jan 15, 2026 Eric Bell Applied Digital
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Jan 05, 2026 Eric Bell Dallas
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Sep 04, 2025 Eric Bell Texas
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