4th July 2022, London. Quantum Switch Tamasuk (QST), the joint venture created to design, build
and operate hyperscale-grade data centres across the Middle East, has been honoured in the
inaugural Tech Capital Awards. Beating off fierce competition from far more established players,
QST’s $3.6 billion deal to build over 300MW in the Kingdom of Saudi Arabia, was recognised as Deal
of the Year.
In less than 18 months the joint-venture business secured one of the largest and most
transformational deals in the region, with a commitment to deliver 50MW of new data centre
capacity to the Kingdom every year for the next six years. The first site is already under construction and will be handed over for operations before the end of this year.
The deal stands out for its scale, speed and innovative approach to delivering this critical
infrastructure. Saudi Arabia has bold ambition to be at the forefront of digital growth across the whole region and to be a catalyst in connecting the Next Billion internet users as it transitions its economy to focus on digital opportunities. QST’s first-of-a-kind hyperscale data centre projects in The Kingdom deliver an innovative development and investment structure that ensures cost effective, rapid design, build and operate options which provide a high-quality solution for data centre customers. Notably, the joint venture between Quantum Switch and Tamasuk combines international expertise, connections and knowledge with equivalent Saudi Arabian development know-how and financial strength.
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.”