FRIDAY THE 13 Posted September 12 Posted September 12 The funding will bolster Qatar’s digital infrastructure, expand capacity for enterprise clients and provide advanced cloud and cybersecurity offerings as demand surges across local and regional markets. The company’s stock was trading 5 percent lower on Thursday at QR3.44 but is up nearly 4 percent in the year to date. In September Qatari telecom major Ooredoo secured QR2 billion in financing to accelerate the development of its data centres and AI ventures. Further reading: Ooredoo secures $552m loan for data centre expansion Tapering off: Middle East data centre spending spree slows Humain targets early 2026 start for first data centre As part of its growth plan, Ooredoo’s data centre company intends to expand its capacity to over 120MW through a $1 billion investment in the medium to long term. Investment in data centres in the Middle East is anticipated to slow in 2026 as the region’s recent spending spree gives way to more-sustainable and long-term growth, industry experts told AGBI this month. In 2025, spending growth on data centre infrastructure in the Middle East has jumped 69 percent year on year, according to technology consultants Gartner. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free https://www.agbi.com/infrastructure/2025/08/qatars-meeza-secures-219m-for-data-centre-expansion/ Quote
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