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MEEZA said in a statement that it secured an additional QR1.6 billion commodity murabaha facility from Dukhan Bank. The arrangement extends the strategic financing partnership between the data centres and managed IT services provider and the Islamic bank. It will support further development of digital infrastructure as demand increases from hyperscalers, enterprises and government clients.
According to the announcement, the long-term funding will accelerate delivery of capacity at the M-VAULT 6, M-VAULT 7 and M-VAULT 8 sites in Qatar. These projects will add approximately 44 megawatts, forming part of a broader plan to more than triple existing capacity to over 60MW in a phased approach over the next three years. The facility was structured under Shariah-compliant principles on terms similar to the previous arrangement with Dukhan Bank.
The statement quoted MEEZA chief executive officer Mohamed Ali al-Ghaithani as saying the deal marked a significant point for the company. “Securing this additional QR1.6bn facility from Dukhan Bank represents a major strategic milestone for MEEZA,” al-Ghaithani said. “It provides us with the financial strength and flexibility to fund the next phase of our ambitious data centre expansion plan.”
Al-Ghaithani continued that the financing would support delivery of substantial new capacity in Qatar. “This financing supports our plan to deliver one of the most significant data centre capacity expansions in Qatar, increasing our capacity to over 60 megawatts and reinforcing MEEZA’s role as a key enabler of the country’s digital transformation,” he added. He noted growing client requirements in cloud computing, cybersecurity, artificial intelligence and resilient infrastructure.
In the same announcement, Dukhan Bank acting group chief executive Ahmed I Hashem highlighted the bank’s support for national priorities. “We are pleased to continue supporting MEEZA’s strategic expansion and its role in advancing Qatar’s digital infrastructure,” Hashem said. “This additional facility reflects our confidence in MEEZA’s long-term growth strategy and the strength of its business model.”
Hashem further stated that as a leading Shariah-compliant financial institution, the bank sought to back entities driving economic diversification. The partnership contributes to Qatar National Vision 2030 through enhanced technology infrastructure and digital economy growth, the two organisations indicated. MEEZA’s recent completion of a 4MW expansion project brought its total data centre capacity to 18MW prior to the new phase, according to earlier company reports.
A market report on the Qatar data centre sector projected expansion at a compound annual growth rate of 22.97 percent from 2025 to 2031. Mordor Intelligence figures show the global data centre market valued at USD 425.3 billion in 2026 with expectations to reach USD 684.39 billion by 2031 at a 9.98 percent CAGR. These trends align with MEEZA’s strategy to meet rising regional demand for advanced digital services.
