Riyadh – Mubasher: Axelerated Solutions for Information and Communication Technology Company signed an agreement with BIM Capital to establish a closed-ended private investment fund with a target size of SAR 675 million.
The BIM Capital Data Center Infrastructure Fund aims to develop, own, and operate two data centers designed to support artificial intelligence workloads.
Under the terms of the agreement,
Axelerated Solutions will act as a technical partner and investor. The company is tasked with the design and construction of the facilities under a fixed-price engineering, procurement, and construction (EPC) contract.
Each center will have an initial capacity of 10 megawatts, expandable to 20 megawatts (MW). Following development, the company will manage the facilities and handle operations, targeting an operational availability level of at least 99.98%.
The financial impact of the project is expected to span 10 years.
Axelerated Solutions will receive investment units as partial payment for its design and construction services.
The agreement remains valid until the fund is officially launched, subject to approval from the Capital Market Authority (CMA) within 180 days of the signing date.
In August, the listed company renewed a Sharia-compliant banking facility deal with Banque Saudi Fransi at a total value of SAR 30 million.
