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Axelerated Solutions for Information Technology and Communications Co. has entered into an agreement to establish a Shariah-compliant private investment fund, named the BIM Capital DC-Infrastructure Fund, with a target size of SAR 675 million. The fund will focus on developing, owning, and operating two Tier III-compliant and AI-ready data centers with an initial capacity of 10 MW each, expandable up to 20 MW. Axelerated Solutions will invest in the fund while acting as the main contractor for engineering, procurement, construction, and facilities management.
