Tech Awards - Data Center Infrastructure Deal of the Year

TECH CAPITAL AWARDS – QST INFRASTRUCTURE DEAL OF THE YEAR

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Quantum Switch Tamasuk Wins Tech Capital Award for Data Center Deal in Saudi Arabia

Quantum Switch Tamasuk (QST), a joint venture focused on developing and operating hyperscale data centers across the Middle East, has been recognized at the inaugural Tech Capital Awards. The company’s $3.6 billion deal to build over 300MW of data center capacity in the Kingdom of Saudi Arabia was named “Deal of the Year,” beating out strong competition from established industry players.

Rapid Development of Data Center Capacity

In under 18 months, QST secured this landmark deal, demonstrating its ability to rapidly deliver critical data center infrastructure. The agreement will see 50MW of new data center capacity added to the Kingdom annually for the next six years. The first site is already under construction and is expected to be operational later this year.

Innovative Approach to Digital Infrastructure

This deal stands out for its scale, speed, and innovative approach. It aligns with Saudi Arabia’s ambition to lead digital growth in the region and connect the “Next Billion” internet users. QST’s hyperscale data center projects in the Kingdom offer a first-of-its-kind development and investment structure, ensuring cost-effective and rapid design, build, and operation options for data center customers. The joint venture between Quantum Switch and Tamasuk combines international expertise with Saudi Arabian development knowledge and financial strength.

Recognized at the Tech Capital Awards

Winning the “Deal of the Year” award at the Tech Capital Awards highlights the significance of this project. It underscores the innovative approach and the potential impact on Saudi Arabia’s digital transformation.

Commenting on the award, Quantum Switch CEO, Tim Bawtree, said:

“This award is fantastic recognition not only of an important and large deal, but of our approach. Creating a powerful joint venture with Tamasuk allowed us to precisely meet the requirements of our customers, investors and data centre tenants quickly and cost effectively. This is just the first of many contracts that will be won with this unique blend of skills and experience.”

Matthew Nathan, CEO of Tamasuk, added:

“We were immensely proud to partner with the Ministry of Communications and Information Technology (MCIT) of the Kingdom of Saudi Arabia. 
This is testament from the highest levels that our innovative approach could deliver what rapidly emerging digital economies need. To be recognised as Infrastructure Deal of the Year by the Tech Capital provides further recognition of the importance of this deal for the region and the Next Billion online citizens.”