Alfanar Projects is proud to share exciting news about securing SAR 1.32 billion in financing from the National Infrastructure Fund (Infra) and the Arab National Bank.
This milestone marks a significant step in strengthening the Kingdom’s position as a global digital hub, reinforcing its leadership in the data economy while accelerating Vision 2030’s digital transformation objectives.

The agreement was formalized in the presence of H.E. Faisal Al Ibrahim, Minister of the Ministry of Economy and Planning (MEP Saudi) and Chairman of the Board of the National Infrastructure Fund. Eng. Amer Al Ajmi, Executive Vice President of Alfanar Projects, represented Alfanar Global Development alongside Mr. Esmail Alsallom, CEO of the National Infrastructure Fund, and Mr. Louai Al Zaher, Chief Wholesale Officer at ANB.

On this achievement, Eng. Wasim Al Malouhi, CEO of Alfanar Global Development stated: The funding will support the construction of advanced data centers that will deliver secure, high-performance digital services to key sectors, including finance, healthcare, e-commerce, and emerging technologies.

He added: “This project represents a landmark achievement for Alfanar Global Development, reflecting our commitment to advancing Saudi Arabia’s digital infrastructure and meeting the growing demands of AI and the digital services market.”