Meeza Expands Data Centre Capacity with QR800mn Commodity Murabaha from Dukhan Bank

Meeza, a leading IT services and solutions provider in Qatar, has secured a QR800mn commodity murabaha from Dukhan Bank to expand its data centre capacity. This significant investment will enable Meeza to add a substantial amount of megawatts (MW) to its existing data centre capacity, further solidifying its position as a major player in the region’s IT infrastructure landscape. The commodity murabaha, a Shariah-compliant financing solution, will provide Meeza with the necessary funds to upgrade its data centre facilities and enhance its services. With this expansion, Meeza aims to cater to the growing demand for data centre services in Qatar and the wider Middle East region. The company’s data centres provide a range of services, including co-location, cloud computing, and disaster recovery, to various industries such as government, finance, and healthcare. Meeza’s expansion plans are in line with Qatar’s vision to become a hub for digital innovation and technology. The country’s strategic location, world-class infrastructure, and business-friendly environment make it an attractive destination for IT companies and investors. Dukhan Bank, a leading Islamic bank in Qatar, has played a crucial role in facilitating Meeza’s expansion plans through the provision of the commodity murabaha. The bank’s financing solution has enabled Meeza to secure the necessary funds to drive its growth strategy. Meeza’s data centre expansion is expected to have a positive impact on the local economy, creating new job opportunities and contributing to the country’s GDP. The company’s commitment to investing in Qatar’s IT infrastructure is a testament to its confidence in the country’s growth potential. As the demand for data centre services continues to grow, Meeza is well-positioned to capitalize on this trend and establish itself as a leading player in the regional IT market. The company’s expansion plans are also expected to attract new businesses and investments to Qatar, further enhancing the country’s reputation as a hub for technology and innovation. With its state-of-the-art data centres and commitment to excellence, Meeza is poised to play a key role in shaping the future of Qatar’s IT landscape. The company’s partnership with Dukhan Bank is a significant milestone in its growth journey, and the commodity murabaha financing solution has provided Meeza with the necessary funds to drive its expansion plans. Meeza’s data centre expansion is a strategic move to increase its market share and competitiveness in the region. The company’s investment in Qatar’s IT infrastructure is a testament to its commitment to the country’s growth and development. As the IT industry continues to evolve, Meeza is well-positioned to adapt to changing market trends and capitalize on new opportunities. The company’s expansion plans are expected to have a positive impact on the local community, creating new job opportunities and contributing to the country’s economic growth. Meeza’s partnership with Dukhan Bank is a significant example of how Islamic financing solutions can support the growth of businesses in Qatar. The commodity murabaha financing solution has provided Meeza with the necessary funds to drive its expansion plans, and the company is expected to make significant contributions to Qatar’s IT landscape in the coming years.

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