Qatari data center developer Meeza has agreed a QAR 1.6 billion ($438m) credit agreement with Dukhan Bank to fund further projects.

The firm will use the money to fund the construction of three new data centers with a collective 44MW of compute power. In a joint statement, both Meeza and Dukhan Bank lauded the agreement as a key step toward accelerating Qatar’s digital transformation.

No information was released on where the new facilities will be built or how much each project will cost. DCD has approached Meeza for comment.

“Securing this additional QR1.6bn facility from Dukhan Bank represents a major strategic milestone for MEEZA,” said the firm’s CEO, Mohamed Ali al-Ghaithani. “This financing supports our plan to deliver one of the most significant data center capacity expansions in Qatar, increasing our capacity to over 60 megawatts and reinforcing MEEZA’s role as a key enabler of the country’s digital transformation.”

The agreement is the second such deal between Meeza and Dukhan Bank to fund the former’s 44MW build-out, the first of which saw Meeza loan QAR 800 million ($219.3m) in August 2025.

This latest facility will fund the construction of three new data centers in Qatar: M-VAULT 6, M-VAULT 7, and M-VAULT 8, at least two of which were announced last year.

Both deals between Meeza and Dukhan Bank were Commodity Murabaha facilities. Under such an arrangement, the bank buys a commodity from the company and then sells it back to the firm on an installment plan plus an agreed-upon fee. This credit framework allows the financial institution to extend lines of credit without collecting interest, which is banned under Islamic financial law.

Headquartered in Qatar’s capital city, Doha, Meeza currently operates five data centers in the country.

Last month, the firm announced its early completion of a deal worth QAR 350m ($96m) with an unnamed “global hyperscaler” to expand a data center in the Gulf state by 4MW. That followed a similar deal in October with another undisclosed hyperscaler to provide 6MW of additional capacity for QAR 750m ($205m).

Qatar itself remains a relative minnow as a data center market, with Meeza operating five out of the 11 facilities listed in the country by DataCenterMap.

Learn more about the data center market in Saudi Arabia and meet with other executives and experts in the region at the DCN Riyadh event next year.