DataVolt Signs an Agreement with the Saudi Authority for Industrial Cities and Technology Zones to Build a Data Center Facility in Riyadh
The
Land Lease Agreement with MODON kicks off DataVolt’s development of a
sustainable AI-Ready data center that will offer cutting-edge cooling
systems and an eco-friendly design.
Riyadh,
Saudi Arabia – 20 February 2025 – DataVolt, a developer,
investor, and operator of sustainable digital infrastructure, and The Saudi
Authority for Industrial Cities and Technology Zones (MODON) have agreed land
lease terms for the development of a state-of-the-art AI-Ready data center in
Riyadh. The 55,000 square meter plot is located in east Riyadh’s First
Technology Park. The data center facility will be designed for advanced AI
processing and will serve growing demand from hyperscalers, cloud and content
providers, and enterprises in the KSA.
DataVolt
will build a sustainable data center facility on the plot with cutting-edge
cooling systems, and with an advance circularity approach. The data center
facility will also be powered by optimized energy solutions.
“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,” said Rajit Nanda, CEO at DataVolt.
“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
investors and team have successfully developed and operated over 20GW of
renewable energy assets across nine countries, deploying scalable and
cost-effective solutions. Its unique approach increases operational
efficiencies, reduces carbon emissions, and enables customers to grow their
digital footprint while meeting sustainability goals.
“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,” said Nanda.
DataVolt
has demonstrated its technical, development, delivery and operational
capabilities as part of the assessment process to deliver sustainable, high
performance data centers. This development is part of DataVolt’s $5 billion
investment in the Kingdom, which supports digital infrastructure delivery.
ABOUT
The Saudi Authority for Industrial Cities and Technology Zones (MODON)
Modon
Since its establishment in 2001 has been undertaking the development and
supervision of industrial lands and integrated infrastructure. Today, it
oversees 39 existing and under development industrial cities across the
Kingdom, in addition to private industrial cities and complexes.
Modon succeeded in raising the area of developed industrial lands until now more than 219 million m² . These cities manage more than 7000 industrial and investment contracts and more than 6900 factories between producer, existing and under construction and establishment, employing more than 590,000 male and female employees.
ABOUT DataVolt
DataVolt
is an operator of data centers, integrating dedicated high-availability
multi-technology renewable energy infrastructure solutions and green fuels,
with a strong focus on innovation, sustainability, and scalability.
Headquartered in Saudi Arabia, with offices currently in the USA, Uzbekistan,
India, and the UAE, and presence in South Korea and South Africa. DataVolt has
strong global ambitions spanning across the Middle East, Africa, and
Asia. DataVolt’s core focus is servicing the needs of hyperscalers, large
enterprises, and government institutions.