Taranis Capital, Emaar Executive Company Team Up to Deliver Next-Generation Saudi Arabia Data Centres
Saudi Arabia’s digital infrastructure race just got a major new entrant. Taranis Capital Limited, a DFSA-regulated investment firm headquartered at the 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 Saudi Arabia data centres across the Kingdom.
The deal brings together two complementary powerhouses ,Taranis Capital’s fund management expertise and investor network, and EEC’s vertically integrated engineering, procurement, and construction (EPC) capabilities. Together, they aim to deliver a fully integrated platform of world-class digital facilities at a scale the Kingdom has not yet seen from a local partnership.
The timing is no accident. Saudi Arabia’s data centre market is experiencing a surge in demand driven by rapid AI adoption, cloud computing growth, and the sweeping digital transformation goals of Vision 2030. Yet despite significant investment from global hyperscalers, the Kingdom still lacks sufficient carrier-neutral, multi-tenant facilities that can support the connectivity ecosystems enterprises, content providers, and cloud platforms depend on. That gap is exactly what this partnership intends to fill.
The planned Saudi Arabia data centres are designed with 40–50 MW capacity per site, integrated with advanced cooling technologies and flexible architectures built to support evolving AI workloads, including NVIDIA’s next-generation GPU systems.
Nicholas Bingham, founding partner and CEO of Taranis Capital, pointed to the scale of the opportunity: “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.” He also noted that investors globally are increasingly eyeing Saudi digital infrastructure as one of the most compelling investment themes right now.
Milan Radia, partner of data centre strategy at Taranis Capital, put a finer point on what’s been missing. “What is missing in the Saudi market is the connectivity ecosystem model that made companies like Equinix, Telecity, and Interxion so successful in Europe,” Radia said, underscoring that no regional player has yet built a true community-of-interest environment.
On the operational side, Karthik Ramaswamy, COO of EEC, highlighted the firm’s decade-long track record delivering complex technology infrastructure in the Kingdom, with a certified on-the-ground workforce. “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,” he said.
The Saudi Investment Promotion Authority (SIPA) is actively involved, committing to facilitate the regulatory and licensing processes to ensure a smooth investor journey. SIPA’s participation signals strong government alignment, reinforcing that these Saudi Arabia data centres are not just a commercial play, they sit squarely within the Kingdom’s broader ambition to become a global digital and AI powerhouse.
