Meeza, a Qatar-based IT services provider, has obtained an 800 million Qatari riyals (US$219 million) commodity Murabaha credit facility from Dukhan Bank to fund its data center expansion. The project will add 44 megawatts of capacity, with the first phase delivering 24 megawatts, including 6 megawatts dedicated to AI services.
The investment is designed to strengthen Qatar’s digital infrastructure and enhance enterprise services across the country and wider region. While no timeline has been disclosed, Meeza emphasized that the initiative supports Qatar’s National Digital Agenda 2030, aligning with broader goals of economic diversification and ICT sector growth.
This move also highlights the increasing role of Islamic financing in funding large-scale technology projects. The Murabaha structure provides Sharia-compliant capital for data center growth, reflecting how Gulf markets are leveraging Islamic banking to advance digital transformation and reduce hydrocarbon dependence.
Qatar’s rapidly expanding IT services and managed services markets, combined with its high internet penetration and SME-driven economy, position the country as a potential hub for AI infrastructure in the region.
