BIM Capital, Axelerated Solutions launch $180M fund for AI data centres

What's the deal? Axelerated SolutionsDealroom has a profile for this one. Try Dealroom → for Information and Communication Technology Company signed an agreement with BIM CapitalDealroom has a profile for this one. Try Dealroom → to establish a closed-ended private investment fund targeting SAR 675 million (about $180 million). The BIM Capital Data Center Infrastructure Fund will develop, own, and operate two data centres designed for artificial intelligence workloads.

What's the endgame? Each centre will start with 10MW of capacity, expandable to 20MW. Axelerated Solutions will act as both technical partner and investor, designing and building the facilities under a fixed-price engineering, procurement, and construction (EPC) contract.

The terms: Once the centres are built, Axelerated Solutions will manage operations, targeting availability of at least 99.98%. The company will receive investment units as partial payment for its design and construction work, with the project's financial impact expected to span 10 years.

Why now? The agreement stays valid until the fund officially launches, pending approval from the Capital Market Authority within 180 days of signing. In August, the listed company renewed a Sharia-compliant banking facility with Banque Saudi FransiDealroom has a profile for this one. Try Dealroom → worth SAR 30 million.

The signal: The deal ties an infrastructure fund directly to a builder-operator, aligning capital with delivery for AI-ready data centres in Saudi Arabia — a market racing to add compute capacity.

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