Doha, August 25 (QNA) - MEEZA, Qatar's leading managed IT services and solutions provider, announced Monday that it has secured a QR 800 million Commodity Murabaha bank facility from Dukhan Bank.

This strategic financing will power MEEZA's bold expansion plans to add 44 megawatts of cutting-edge data centre capacity.

The first phase alone will deliver an impressive 24 megawatts, with 6 megawatts purpose-built to support advanced AI services, positioning MEEZA at the forefront of Qatar's digital and artificial intelligence infrastructure.

The funding will enable MEEZA to strengthen Qatar's digital infrastructure, increase capacity for enterprise clients, and provide advanced cloud and cybersecurity solutions to meet the growing demand in both domestic and regional markets.

Chief Executive Officer of MEEZA Mohamed Ali Al Ghaithani said: "Securing this facility from Dukhan Bank is a strategic milestone for MEEZA.

It equips us with the financial strength to deliver one of the most significant Data Centre expansions in Qatar's history. 

This investment positions MEEZA at the forefront of the region's digital transformation, enabling us to meet the growing needs of our clients while contributing to Qatar's vision of becoming a leading hub for technology and innovation."

In turn, Acting Group Chief Executive Officer of Dukhan Bank Ahmed Hashem said: "We are pleased to support MEEZA's strategic expansion, which aligns with Qatar's vision of becoming a regional leader in digital infrastructure and technology innovation.

Dukhan Bank remains committed to enabling the growth of companies that play a vital role in advancing Qatar's economic diversification." (QNA)