With the integration of the energy, communications and information technology sectors, the Ministry of Investment and the Shareek Program signed two agreements with the Saudi Energy Company to enhance digital infrastructure and localize data in the Kingdom.

Extending the pivotal role of the energy, communications and information technology sectors in supporting strategic projects enabling the digital economy, the Ministry of Investment and the Shareek Program signed two agreements with the Saudi Energy Company and Dawiyat Integrated Telecommunications & Information Technology Company to enable the establishment of a Tier III data center, which contributes to developing the digital infrastructure, enhancing data localization, and raising the Kingdom’s readiness to attract quality investments in the data center sector.
The two agreements were signed in the presence of representatives from the Ministry of Energy, the Ministry of Investment, the Ministry of Communications and Information Technology, Shareek Program, the Saudi Energy Company, and Dawiyat company.

The two agreements aim to develop an advanced digital infrastructure that contributes to accelerating the transition towards an integrated digital economy, enhancing the Kingdom’s position as a regional hub for data centers, attracting quality investments and major global companies in the information technology sector, in addition to enhancing reliance on local digital infrastructure, raising the efficiency of information technology services, and reducing reliance on hosting data outside the Kingdom, in a way that enhances the sustainability of economic growth.
The establishment of a Tier III data center represents a significant step towards enhancing the reliability of digital services and ensuring business continuity, thereby supporting the growth of data-driven sectors and strengthening the Kingdom’s readiness for the requirements of the digital economy, including smart city applications and Internet of Things (IoT) technologies.

Shareek program confirmed that this agreement comes as an extension of its efforts to enable private sector investments in strategic sectors, through supporting digital infrastructure projects and enhancing integration between government agencies and national companies, which contributes to accelerating the pace of economic transformation and achieving the goals of the Kingdom’s Vision 2030.