Khazna Buys Land in Dammam for 200MW Facility

UAE data center firm Khazna this week announced the acquisition of 225,000 sqm (2.4 million sq ft) of land in Dammam to develop local data center capacity. The company said the site, the company’s first in the kingdom, will support up to 200MW of capacity.

“Over the past decade, Saudi Arabia has laid some of the strongest digital and AI foundations in the world,” said Hassan Alnaqbi, CEO of Khazna Data Centers. “With Mohammed now leading our operations in Saudi Arabia, we have the right expertise to help the country achieve its national AI goals as complementary partners. We want to help build the foundation beneath the country’s AI-powered future.”

Bin Hassan added: “Khazna is a proven global expert in the hyperscale infrastructure that is essential for powering AI-driven economies. Our entry into the Kingdom reflects a long-term commitment to enabling Saudi Arabia’s digital economy goals under Vision 2030. I’m honored to lead this next chapter as we build infrastructure that not only meets future demand but accelerates innovation, resilience, and national progress.”