Qatari data center operator Meeza has secured an additional QAR 1.6 billion ($432 million) commodity Murabaha facility from Dukhan Bank to accelerate its AI-ready capacity build-out in Qatar. The Sharia-compliant financing, announced in early August 2026, will help fund the delivery of the company's M-Vault 6, M-Vault 7 and M-Vault 8 data center campuses.
44 megawatts of new AI capacity
The facility will underwrite roughly 44 MW of new data center capacity, lifting Meeza's total footprint to more than 60 MW. That's a meaningful step for the Gulf region, where hyperscalers and sovereign clouds are racing to secure land, power and grid interconnects for AI training and inference workloads.
A regional AI infrastructure sprint
Qatar is one of several Gulf economies channeling sovereign capital into AI infrastructure, alongside the UAE and Saudi Arabia. Meeza's expansion follows a broader summer trend: Nvidia's $500B financing platform with Apollo, BlackRock and others has set new benchmarks for the scale of AI capex, while regional players are racing to plug into that demand pipeline.
Structured for scale
The Murabaha structure lets Meeza tap conventional and Islamic liquidity pools simultaneously, an increasingly important tool for large Gulf infrastructure deals. Combined with an earlier QAR 800 million facility, the company now has multi-year visibility on the debt side of its capacity roadmap and can move faster on grid, cooling and hyperscaler tenant commitments.
Positioning M-Vault against the region
M-Vault campuses target enterprise, government and hyperscaler workloads, with Tier III designs and AI-ready power densities. Meeza's aim is to make Qatar a meaningful node in the emerging Gulf AI compute belt — alongside investment vehicles funding data centers across the broader region as covered in our previous Vantage Data Centers IPO report.
Reporting based on coverage from Trade Arabia, DatacenterDynamics and Meeza.