MIS signs SAR 1.88 billion contract with HUMAIN to build AI data centre

Saudi Arabia’s Al Moammar Information Systems (MIS) has signed a contract with HUMAIN to design and build a private data centre focused on artificial intelligence, with the deal valued at about SAR 1.88 billion including VAT. The contract is unusually large for MIS, amounting to more than 155% of the company’s 2024 revenue, and it is expected to have a positive financial impact starting in the second quarter of 2026. The project underscores the rapid buildout of AI infrastructure in Saudi Arabia and highlights HUMAIN’s role as a major buyer of specialized computing capacity.