Taranis Capital and EEC Partner to Build Next-Generation Data Centres in Saudi Arabia
Taranis Capital and Emaar Executive Company partner to develop carrier-neutral data centres across Saudi Arabia, supporting rising AI and cloud demand under Vision 2030 and strengthening the Kingdom’s digital infrastructure ecosystem.
Taranis Capital Limited (“Taranis”), a DFSA-regulated investment firm based in Dubai International Financial Centre (DIFC), has signed a Memorandum of Understanding (MOU) with Emaar Executive Company (EEC) to develop, construct, and operate a portfolio of next-generation, carrier-neutral data centre facilities across the Kingdom of Saudi Arabia.
The collaboration brings together Taranis Capital’s fund management and investor network, EEC’s vertically integrated engineering, procurement, and construction (EPC) capability in addition to the design and operations expertise – creating a fully integrated platform for delivering world-class digital infrastructure in the Kingdom.
Addressing a Critical Infrastructure Gap
Saudi Arabia’s data centre market is experiencing unprecedented demand driven by the rapid adoption of artificial intelligence, cloud computing, and digital transformation initiatives under Vision 2030. Despite significant investment by global hyperscalers, the Kingdom lacks sufficient carrier-neutral, multi-tenant facilities that provide the connectivity ecosystems demanded by enterprises, content providers, and cloud platforms.
The partnership will focus on developing strategically located data centre campuses with a line of sight to 40–50 MW capacity per site, incorporating the latest cooling technologies and flexible designs capable of supporting evolving AI workloads, including NVIDIA’s next-generation GPU architectures.
Leadership Commentary
Nicholas Bingham, Founding Partner & CEO of Taranis Capital, said: “This partnership brings together exactly the right combination of capabilities to deliver on the enormous data centre opportunity in Saudi Arabia. EEC has an unmatched track record of building and operating hyperscaler-grade facilities in the Kingdom, and with SIPA’s support, we are positioned to move rapidly from planning to execution. Our investors are telling us that digital infrastructure in Saudi Arabia is one of the most compelling investment themes in the world right now, and this partnership gives us the operational platform to deliver.”
Milan Radia, Partner – Data Centre Strategy at Taranis Capital, said: “What is missing in the Saudi market is the connectivity ecosystem model that made companies like Equinix, Telecity, and Interxion so successful in Europe. No one in the region has yet built a true community-of-interest environment. With EEC’s construction capabilities, design and operational expertise, we have the right partner to create that model – starting with strategically positioned sites near key connectivity points and subsea cable landing stations.”
Karthik Ramaswamy, COO of Emaar Executive Company, said: “We are proud to partner with Taranis Capital on this transformational initiative. EEC brings over a decade of experience delivering complex technology infrastructure projects in Saudi Arabia, with our own certified workforce on the ground. This partnership will allow us to scale our capabilities and contribute to the Kingdom’s ambition of becoming a global hub for digital infrastructure and artificial intelligence.”
SIPA Support
The Saudi Investment Promotion Authority (SIPA) has demonstrated strong commitment and proactive leadership in supporting this partnership, playing a central role in enabling its progress. Through its dedicated efforts, SIPA will facilitate the necessary regulatory and licensing processes for the development of data centers in the Kingdom, ensuring a seamless and efficient investor journey.
This engagement reflects SIPA’s strategic role in attracting and enabling high impact investments and reinforces its position as a key driver in advancing Saudi Arabia’s ambition to become a global hub for digital infrastructure. SIPA’s involvement underscores the strong alignment of this initiative with Vision 2030, particularly in accelerating digital capacity, fostering innovation, and supporting economic diversification and technological leadership across the Kingdom.
