The Clap
DigitalBridge, which specializes in asset management and investment in the technologies of the new generation of communication networks and the Internet, revealed that the PIF has become an investor through a partnership aimed at developing the data center sector in Saudi Arabia and the GCC.
What
The investment in its first phase will focus on developing the data center sector, as it will later study potential opportunities in other sectors of the digital infrastructure, including towers, optical fibers, small cells, and advanced infrastructure.
DigitalBridge stated that this step will support the rapid growth of the Saudi digital economy, in line with PIF’s investment strategy.
So What
The partnership is expected to build and operate large-scale data centers and database servers in Saudi Arabia and the Arab Gulf states.
Now What
The American group seeks to invest in long-term opportunities in KSA and the GCC.
