Riyadh – Mubasher: Technology, media, and telecommunications (TMT) company Etihad Etisalat Company (Mobily), recently announced an investment of $905 million, equivalent to more than SAR 3.40 billion, in data centres and submarine cables.
The investment aims to bolster Saudi Arabia’s digital infrastructure and accelerate the growth of its digital economy, according to the official announcement made during Mobily’s participation in the fourth edition of the global technology event LEAP 2025.
The CEO of Mobily, Salman Al Badran, said: “Mobily has invested in several submarine cables that enhance Saudi Arabia’s connectivity with the world. These include the new (Africa 1) cable, linking the Kingdom with Africa and Europe, and the (SMW6) cable, connecting Saudi Arabia to Asia and Europe.”
Al Badran noted: “Additionally, Mobily has invested in the construction and upgrade of the (AAE1) submarine cable and the expansion of the fiber-optic network to provide multiple pathways for international carriers, global cloud service providers, and submarine cable consortiums.”
The CEO concluded: “Mobily’s investment in data centres has exceeded SAR 2 billion, with plans to build data centres with a total capacity of 39 MW, supporting the growing demand for AI, GPU, and other advanced applications.”
Such investments are a strategic milestone that will provide the robust digital infrastructure necessary for both public and private sectors to launch digital services, implement smart automation, and leverage advanced data analytics.
Through these initiatives, Mobily aims to achieve sustainable growth and reinforce Saudi Arabia’s leadership in the technology, media, and telecommunications sectors, while contributing to the Kingdom’s digital transformation goals, fostering innovation and economic growth across all industries.
During the four-day event that concluded on 12 February, Mobily penned agreements with Vodafone Business IoT as well as Ericsson to fast-track the digital ecosystem in Saudi Arabia.
The Kingdom forms around 50% of the region’s digital economy, which hit $260 billion, according to Abdullah Al Swaha, Saudi Minister of Communications and Information Technology, during his speech at LEAP this year.
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