
Meeza
Leading Data Centre and Artificial Intelligence (AI) service provider, established in Qatar Science & Technology Park (QSTP).
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €0.0 | round | |
investor | €0.0 | round | |
* | $219m | Post IPO Debt | |
Total Funding | 000k |
MEEZA QSTP-LLC (Public) is a Qatar-based provider of end-to-end managed IT services and solutions. Founded in 2008 as a joint venture with the Qatar Foundation, the company's name is derived from the Arabic word for "advantage". It was established within the Qatar Science & Technology Park (QSTP) to foster IT sector growth and career opportunities in Qatar and the wider region.
The company's core business revolves around its five Tier III certified data centers, known as M-VAULTs, which offer a guaranteed uptime of 99.98%. These facilities provide services including premium colocation, managed hardware, and disaster recovery. MEEZA's offerings are extensive, covering Data Centre Services, Managed IT services, Cloud Services (private, public, or hybrid), and IT Security Services. The company was the first in Qatar to establish a commercial Security Operations Centre (SOC) to mitigate cybersecurity threats for its clients. It is also expanding its expertise in Smart City solutions and Artificial Intelligence (AI). In August 2025, MEEZA secured a QAR 800 million facility to fund a 44-megawatt expansion of its data center capacity, with 6 megawatts specifically for advanced AI services.
MEEZA operates on a business model that includes a pay-per-use structure with fixed monthly costs for cloud services and a monthly operational expense model for managed hardware, helping clients manage IT budgets effectively without large capital expenditures. Its client base spans various sectors, and it serves as a systems integrator for large-scale projects, including Qatar's largest smart city project, Msheireb Downtown Doha. The company went public in August 2023, listing its shares on the main market of the Qatar Stock Exchange (QSE) under the ticker MEZA. This was the first IPO in Qatar to utilize the book-building method. For the fiscal year 2023, the company reported revenues of QAR 422.9 million and a net profit of QAR 60.2 million. The current leadership includes Chairman Sheikh Hamad bin Abdullah Al Thani and CEO Mohamed Ali Al Ghaithani, who was appointed in May 2024.
Keywords: managed IT services, data center services, cloud services, IT security, artificial intelligence, smart city solutions, colocation, cybersecurity, disaster recovery, business continuity, systems integrator, Qatar, public company, IT infrastructure, managed hosting, security operations center, cloud solutions, workplace services, digital transformation, Meeza