Al Moamer Information Systems (MIS) announced a substantial expansion of its ongoing project with Huwaini, specifically regarding the design and construction of a data center dedicated to artificial intelligence technologies. The company confirmed that it has received an official letter of confirmation detailing an increase in the project’s scope, which now includes the design and construction of additional data centers with a total capacity of 200 megawatts.<\/p>\n
This development raises the total installed capacity of the project from the initial 50 megawatts to 250 megawatts. The work will be executed in phases. In a statement posted on the Saudi Stock Exchange (Tadawul), Al Moamer highlighted the magnitude of this expansion relative to its annual financial performance. The total value of the contract, following the capacity increase to 250 megawatts, exceeds 689 percent of the company\u2019s total revenue for the year 2025.<\/p>\n
The original agreement was announced in March, when Al Moamer signed a contract with Huwaini valued at more than 155 percent of its total revenue for 2024, inclusive of value-added tax. That initial deal covered the design and construction of an AI-specific data center with a capacity of 50 megawatts. At that time, the company stated it would commence engineering, procurement, and construction (EPC) activities approved by Huwaini, while finalizing the formal contract, which was expected to be signed within two weeks.<\/p>\n
Al Moamer emphasized that the execution of the initial project remains unaffected by the recent scope expansion. Operations are continuing according to the previously announced timeline. The company did not disclose any changes to the costs associated with this event or its specific impact on its financial statements. Furthermore, it clarified that reasons cited for delays in previous announcements do not apply to this current development.<\/p>\n
This expansion occurs amidst a period of accelerating investment in infrastructure necessary for artificial intelligence technologies and data centers in Saudi Arabia. There is a growing demand for computing power required to develop and operate AI models. Al Moamer committed to announcing any further material developments related to the project as they occur, in compliance with relevant regulations and laws.<\/p>\n
This story was produced in the newsroom from the disclosed sources named above.<\/em><\/p>\n