Saudi Arabia's Edarat secures data center contract from major regional bank
March 21, 2026
Saudi data center and cloud services provider Edarat Group has secured a significant dual-contract win, underscoring the accelerating digital infrastructure demands within the Kingdom's financial and technology sectors. The deals highlight the strategic role specialized local operators play in supporting Saudi Arabia's Vision 2030 economic diversification and technological sovereignty goals.
The publicly-traded firm announced it has been awarded a colocation services contract by Banque Saudi Fransi (BSF), a major commercial bank founded in 1977. A filing on the Saudi Exchange (Tadawul) revealed the contract value exceeds five percent of BSF's total 2025 revenue. While the bank's full 2025 revenue was not disclosed, its net earnings were SAR 5.353 billion (approximately $1.42 billion), implying a potential contract value in the range of $71 million. The agreement is scheduled to be formally signed on April 10.
Concurrently, Edarat has been selected by Al Moammar Information Systems Company (MIS)—one of Saudi Arabia's largest IT companies and an affiliate of Edarat—for a $19.17 million project. This contract involves the design and supervision services for establishing a dedicated artificial intelligence data center. Details on the client for this AI facility are limited, though MIS was previously awarded a contract in December 2025 to design and build an AI data center for Humain.
The twin awards come amid strong financial performance for Edarat. For the fiscal year ending December 31, 2025, the company reported an 84 percent year-on-year revenue increase to SAR 192.35 million ($51.2 million), while net profit surged 47 percent to SAR 36.34 million ($9.6 million). The company attributed this growth to the expansion of its Edarat Cloud Infrastructure, increased subscription volumes, and new service offerings, supported by strategic partnerships.
Edarat, which has worked on over 150 data center projects, currently offers colocation services from six facilities in Riyadh and Dammam. The company has been actively expanding its capabilities, including a 2025 partnership with Orange Business, Nvidia, and LightOn to deliver a sovereign generative AI platform for the Gulf region, and a 2024 agreement with Armada to deploy modular edge data centers across the Middle East.
These contracts signal deepening investment in advanced digital infrastructure within Saudi Arabia, as financial institutions and enterprises modernize their IT foundations and embrace AI-driven solutions. For Edarat, the deals represent a substantial commercial validation of its full-service portfolio, from core colocation to next-generation AI infrastructure design.
Source: datacenterdynamics
