Land Lease Agreement Marks a Major Step in Saudi Arabia’s Digital Transformation
In a significant move towards bolstering Saudi Arabia’s digital infrastructure, DataVolt has inked a land lease agreement with The Saudi Authority for Industrial Cities and Technology Zones (MODON) to establish a cutting-edge AI-Ready data center in Riyadh. This state-of-the-art facility will be situated on a sprawling 55,000 square meter plot in east Riyadh’s First Technology Park, designed to meet the burgeoning demands of hyperscalers, cloud and content providers, and enterprises within the Kingdom.
The upcoming data center will be a beacon of sustainability, featuring advanced cooling systems and an eco-friendly design. It will be powered by optimized energy solutions, ensuring minimal environmental impact while supporting advanced AI processing capabilities.
“We are providing mission-critical digital infrastructure that will support the KSA’s position as a global leader in AI while offering customers sustainable data center solutions.”
– Rajit Nanda, CEO of DataVolt
Rajit Nanda, CEO of DataVolt, expressed his enthusiasm for the project, stating, “We are providing mission-critical digital infrastructure that will support the KSA’s position as a global leader in AI while offering customers sustainable data center solutions. Over many months, we have worked in collaboration with MODON to develop this project and we are proud to move forward and deliver another state-of-the-art facility. Every step we take directly aligns with Saudi Vision 2030 and supports the government’s goal of diversification and sustainability across the economy and society as a whole.”
DataVolt’s track record is impressive, with its investors and team having developed and operated over 20GW of renewable energy assets across nine countries. Their innovative approach enhances operational efficiencies, reduces carbon emissions, and enables customers to expand their digital footprint while adhering to sustainability goals.
Nanda further highlighted the importance of this development, saying, “The opportunity in artificial intelligence is accelerating and we are focused on both enabling AI innovation while ensuring we minimize its impact on the environment. We have the technology, expertise, and talent to deliver trusted sustainable data center facilities and ensure that society benefits from a cleaner and greener digital economy.”
This ambitious project is part of DataVolt’s $5 billion investment in the Kingdom, aimed at advancing digital infrastructure.
