Sectors

Our Target Sectors

SECTORS

Creating sustainable value for our shareholders & investors

Tamasuk develops and invests in sustainable energy & utilities, social infrastructure & transportation and data centres with the objective of offering attractive returns and stable income to our shareholders and co-investors. Through its subsidiary TOFM (Tamasuk Operations and Facilities Management), Tamasuk also participates as an operator or shareholder in the operations and maintenance of its projects

Our Target Sectors

Tafila Wind Farm

Sustainable Energy & Utilities

Tamasuk is committed to supporting the global shift to sustainable energy and utilities and understands the need to reduce emissions and protect the environment. Our portfolio includes investments in an operational wind generation project in Jordan as well as sustainable wastewater treatment projects under construction in Madinah, Buraydah and Tabuk with our partners Acciona and Tawzea. Tamasuk supports the Kingdom of Saudi Arabia as it seeks to deliver its long-term strategy for transitioning away from fossil fuel sources towards renewable energy sources under the Vision 2030 plan.

Read more about our investments in the Sustainable Energy & Utilities Sector.

NEOM Construction Villages

Social Infrastructure & Transportation

Tamasuk is active as a lead developer in the sector, providing social services to the public, such as schools, healthcare facilities, public transportation, road infrastructure and housing. Regional governments are devoting significant resources to this this asset class as they seek to modernise and improve the quality of these essential services and to provide critical infrastructure support to enable the development of large scale real estate projects (such as the many giga-projects currently under construction in KSA).

Read more about our investments in the Social Infrastructure & Transportation sector

QST Data Centre

Data Centres

The Middle East region is becoming a hub for data centre investment and innovation as the region is experiencing a surge in demand due to the rapid growth of digital transformation initiatives. In order to respond to this need, Quantum Switch Tamasuk (QST) was formed as a leading owner, operator, and developer of hyper-scale carrier-neutral multi-customer data centres in the Middle East. Our world-class data centres offer the reliability, security, and flexibility that our hyperscale customers require to house their cloud and IT infrastructure and we have been selected as a preferred data centre development partner by the Ministry of Communications and Information Technology (MCIT). QST self-operates its data centres (through QST FM) with a highly qualified team and customized service level agreements with premium industry players in the data centre sector. Through selective recruitment and in-depth continuous training and certifications, QST FM ensures that is has highly qualified people and best-in-class processes which comply with the industry’s most acknowledged certifications like ISO and Uptime Institute. QST FM assurances are supported by the industry’s next-level technologies using state-of-the-art Computer Aided Facility Management (CAFM) systems, BMS, PMS, and help desk.

Read more about our investments in theb Data Centre sector

  • Wastewater treatment plants in Madinah, Buraydah and Tabuk

    Tamasuk, alongside its partners Acciona Aqua and Tawzea are developing three new wastewater treatment projects in the cities of Madinah, Buraydah and Tabuk in the Kingdom of Saudi Arabia, having signed 25-year Sewage Treatment Agreements with Saudi Water Partnerships Company (SWPC) in 2022.

    The projects are expected to be fully constructed by [insert date] and once operational, will be able to receive, treat and deliver up to 440,000m3/day of sewage, producing treated sewage effluent which can be used by the municipalities for irrigation and landscaping. The design of these wastewater treatment facilities takes into account sustainable operations and maintenance as well as the Kingdom’s goal to maximise the used of renewed water from treatment plants for the Saudi Irrigation Organization (SIO).

  • DC2, Dammam, Saudi Arabia

    DC2 is a [X MW centre] currently under construction and is expected to achieve commercial operations in [insert date]. It is located in the same geographical region as DC1 and benefits from the same strict design and build specifications as DC1. Once completed, it will also be leased on a long-term basis to a hyperscale customer.

  • DC1, Dammam, Saudi Arabia

    DC1 is a newly constructed state-of-the-art that achieved commercial operations in [insert date]DC1 was developed by Quantum Switch Tamasuk (a joint venture between Quantum Switch and Tamasuk to develop hyperscale facilities in the Middle East). DC1 was designed and built according to strict hyper-scale requirements, uses top-grade equipment and is tier 3 rated by the Uptime Institute.

    DC1 operations are self-delivered by QST FM, that benefits from highly qualified personnel and best-in-class processes that comply with the industry’s most acknowledged certifications like ISO and Uptime Institute. QST FM assurances are supported by the industry’s next-level technologies using state-of-the-art Computer Aided Facility Management (CAFM) systems, BMS, PMS, and help desk.

  • NEOM CV 9-10

    Tamasuk is currently developing this 10,000 person Construction Village in NEOM, having signed a 7-year DBFOM agreement with NEOM in 2022. NEOM, which means “new future” is located in north west of the Kingdom of Saudi Arabia that will be made up of a number of regions – including the linear city THE LINE, a center for advanced and clean industries Oxagon, a mountain destination Trojena and a luxury island resort Sindalah. Once constructed, the villages will provide high quality accommodation to over 10,000 residents and workers and will serve as a vital backbone for the labor force required to build large-scale real estate projects in NEOM. Tamasuk has partnered with SATCO (as EPC Contractor and co-sponsor) for CV 9-10 and is also involved in the delivery of Facilities Management Services via a joint venture partnership between TOFM (its subsidiary) and Al Majal Arabi. CV 9-10 achieved financial close in April 2023 and will be handed over to NEOM in phases during 2023 and 2024.

  • NEOM CV 5-6

    Tamasuk is currently developing this 10,000 person Construction Village in NEOM, having signed a 7-year DBFOM agreement with NEOM in 2022. NEOM, which means “new future” is located in north west of the Kingdom of Saudi Arabia that will be made up of a number of regions – including the linear city THE LINE, a center for advanced and clean industries Oxagon, a mountain destination Trojena and a luxury island resort Sindalah.

    Once constructed, the villages will provide high quality accommodation to over 10,000 residents and workers and will serve as a vital backbone for the labor force required to build large-scale real estate projects in NEOM. Tamasuk has partnered with Al Majal Arabi (as EPC Contractor and co-sponsor) for CV 5-6 and is also involved in the delivery of Facilities Management Services via a joint venture partnership between TOFM (its subsidiary) and Al Majal Arabi. CV 5-6 achieved financial close in April 2023 and will be handed over to NEOM in phases during 2023 and 2024.

  • Al Ansar Hospital

    Tamasuk, alongside its partner Alghanim International are developing a 244 bed hospital in Madinah, having signed a 20-year Project Agreement with the Ministry of Health in 2023. Al Ansar Hospital PPP represents the first pilot project under the Hospitals PSP Initiative and will set the template for healthcare PPPs in KSA going forward.

    The project involves the development, construction and financing of a 244-bed public hospital and associated facilities for the MOH which will primarily be an emergency hospital for the pilgrims and local residents in the hospital’s area. The consortium is also responsible for the provision and long-term servicing and maintenance of the medical equipment for the hospital.

    Construction work commenced on Al Ansar Hospital in 2023 and the hospital is expected to be reach operational status during 2026.

  • Wastewater treatment plants in Madinah, Buraydah and Tabuk

    Tamasuk, alongside its partners Acciona Aqua and Tawzea are developing three new wastewater treatment projects in the cities of Madinah, Buraydah and Tabuk in the Kingdom of Saudi Arabia, having signed 25-year Sewage Treatment Agreements with Saudi Water Partnerships Company (SWPC) in 2022.

    The projects are expected to be fully constructed by [insert date] and once operational, will be able to receive, treat and deliver up to 440,000m3/day of sewage, producing treated sewage effluent which can be used by the municipalities for irrigation and landscaping. The design of these wastewater treatment facilities takes into account sustainable operations and maintenance as well as the Kingdom’s goal to maximise the used of renewed water from treatment plants for the Saudi Irrigation Organization (SIO).

  • Hyperscaler Data Centre Projects In Dammam, Saudi Arabia

    Tamasuk and Quantum Switch have formed a data centre development joint-venture company, called Quantum Switch Tamasuk (QST) to develop hyperscale data centre facilities in the Middle East. QST has signed 2 lease agreements with an international hyperscaler customer to design and build 2 new state-of-the-art data centers for cloud computing services delivery in Saudi Arabia. Once completed in 2022 and 2023, QST will carry out the facilities management of these data centers for the customer. The design of these data centers is based upon stringent hyper-scale requirements and is envisaged to be linked to clean energy for its electricity requirements as part of QST’s overall delivery strategy.