MEEZA Secures $219M Murabaha for Qatar Data Center Expansion

MEEZA, a leading IT services provider in Qatar, has secured an 800 million Qatari riyals (US$219 million) commodity Murabaha credit facility from Dukhan Bank to expand its data center capacity by 44 megawatts.

The first phase of this project will deliver 24MW, including 6MW dedicated to artificial intelligence (AI) services, underscoring Qatar’s ambition to strengthen its position in the Middle East technology market. The AI-specific allocation reflects global and regional trends, with data center demand surging as AI adoption accelerates. Globally, data centers are projected to consume nearly 945 terawatt hours of power by 2030, largely driven by AI and digital transformation.

Key Highlights

• $219M Murabaha funding to expand 44MW data center capacity
• 6MW allocated specifically for AI-driven services
• Supports Qatar’s Digital Agenda 2030 and ICT sector growth

Qatar is strategically positioned, with its IT services market expected to reach $1.2 billion by 2029 and AI-focused investments projected at $2.5 billion. This expansion aligns with Qatar’s National Digital Agenda 2030, which targets an $11 billion contribution to non-hydrocarbon GDP and 26,000 new ICT jobs. With 99 percent internet penetration and SMEs making up over 96 percent of businesses, Qatar offers a strong domestic market while acting as a regional AI gateway.

Also Read: Middle East Emerges as AI Data Center Powerhouse

MEEZA’s reliance on a Sharia-compliant Murabaha financing model highlights the growing role of Islamic banking in technology infrastructure. Such financing enables capital-intensive projects that support economic diversification across the Gulf, with Qatar’s managed services market forecast to nearly double by 2030.