MIS signed a memorandum of understanding with Saudi Fransi Capital to study the development of three data centres in Saudi Arabia.

TL;DR

  • Al Moammar Information Systems Company (MIS) signed an MoU with Saudi Fransi Capital.
  • Saudi Fransi Capital acted on behalf of Saudi Data Centre Fund 1.
  • The MoU covers a study for three data centres in Saudi Arabia.

Al Moammar Information Systems Company (MIS), an IT solutions provider in Saudi Arabia, signed a memorandum of understanding with Saudi Fransi Capital. Saudi Fransi Capital acted on behalf of Saudi Data Centre Fund 1.

The agreement covers a study into the development of three data centres across Saudi Arabia. The source excerpt does not name the three cities or provide a project timeline.

The announcement concerns potential data centre development in Saudi Arabia. The source describes the agreement as a memorandum of understanding to study the project, not a final build contract.

Related questions

  • What does the MIS and Saudi Fransi Capital MoU cover?
  • How many data centres are included in the Saudi Arabia study?
  • Who is Saudi Fransi Capital representing in the agreement?

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