Taranis Capital and Emaar Executive Company’s partnership is supported by the Saudi Investment Promotion Authority (SIPA), as their mutual initiative of carrier-neutral, hyperscaler-ready data centres is highly aligned with Saudi Vision 2030
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). The partners commit to developing, constructing, and operating a portfolio of next-generation, carrier-neutral data centre facilities across the Kingdom of Saudi Arabia. The approximate value of this infrastructure project is about $2 billion. This strategic partnership has been endorsed by the Saudi Investment Promotion Authority (SIPA), which will facilitate the project’s regulatory approvals and licensing process.
“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.”
Karthik Ramaswamy, COO of Emaar Executive Company
Using Taranis Capital’s fund management and investor network, and EEC’s vertically integrated engineering, procurement, and construction (EPC) capabilities, as well as vast design and operations expertise, partners aim to create a fully integrated platform for delivering world-class digital infrastructure in the Kingdom. Being engineered around NVIDIA’s next-generation GPU architectures and the latest cooling technologies, the new data facilities will be ready to support emerging AI innovations as they rapidly scale.
Addressing a Critical Infrastructure Gap
Saudi Arabia’s data centre market has hyperscaler capacity. However, it is currently experiencing unprecedented demand driven by the rapid adoption of artificial intelligence, cloud computing, and digital transformation initiatives under Vision 2030 framework. Although global hyperscalers pour significant investments in, the Kingdom still lacks sufficient carrier-neutral, multi-tenant facilities that provide the connectivity ecosystems demanded by enterprises, content providers, and cloud platforms.
“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.”
Milan Radia, Partner – Data Centre Strategy at Taranis Capital
The Taranis-Emaar partnership will, therefore, focus on developing strategically located data centre campuses. Each site is expected to have 40–50 MW capacity. They will also be incorporating the latest cooling technologies and flexible designs capable of supporting evolving AI workloads, including NVIDIA’s next-generation GPU architectures.
“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.”
Nicholas Bingham, Founding Partner & CEO of Taranis Capital
SIPA Support
The Saudi Investment Promotion Authority (SIPA) is strongly committed to supporting this partnership. With its proactive leadership, the entity is playing a central role in enabling the data centre facility’s progress. In this project, SIPA will be responsible for legal aspects, striving to facilitate the necessary regulatory and licensing processes for the development of data centers in the Kingdom, and 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 supports this initiative’s alignment with Vision 2030, particularly in accelerating digital capacity, fostering innovation, and supporting economic diversification and technological leadership across the Kingdom.
