Pure DC & Dune Vaults announce joint venture in Saudi Arabia

Pure Data Centres and Dune Vaults have announced a joint venture to develop hyperscale data centres in Saudi Arabia.

The plans will see the development of multiple 100+ MW capacity campuses and marks a milestone for Pure DC’s expansion in the region.

Dune Vaults’ will also seek to diversify its portfolio by addressing the growing demand for end-to-end wholesale data centre services in Saudi Arabia.

Pure DC has received investment backing of funds managed by Oaktree Capital Management, L.P, while Dune Vaults benefits from being backed by prominent Saudi investors.

Faisal AlRahbiny, Founder & MD of Dune Vaults, said, “We are dedicated to establishing over 1,000 MW of sustainable data centre capacity in Saudi Arabia, aligning with market demand estimates and supporting the Kingdom’s Vision 2030 digital transformation goals. Through our strategic partnership with Pure DC, we are bringing advanced data centre solutions to meet the needs of global hyperscalers whose presence in the Kingdom will accelerate digitization and economic growth. As key contributors to the Kingdom’s Vision, we are not only investing in digital infrastructure but also in developing local talent and creating substantial economic opportunities, supporting a vibrant and future-ready Saudi Arabia.”

Bill Davis, Chief Investment Officer of Pure DC, added, “We are thrilled to embark on this strategic partnership with Dune Vaults, which will enable us to deliver some of the largest digital infrastructure solutions in Saudi Arabia. This is critical infrastructure that hyperscale customers demand and puts Pure Data Centres at the forefront of advancing the rapid growth of AI. Combining Dune Vaults’ development expertise and local relationships with Pure DC’s technical and operational know-how will provide a highly scalable solution in an exciting, fast-growing market where demand for data centres and digital infrastructure is so strong.”

Related Articles

Top Stories