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Saudi Arabia to invest $5 bn in AI data center

  • A Saudi company plans to invest $5 billion to build an artificial intelligence data center in NEOM, according to state media.
  • The agreement between DataVolt and NEOM will create a fully sustainable AI data center with a capacity of 1.5 gigawatts, according to the SPA news agency.
  • The NEOM project includes a mirrored building called The Line, which was announced by Crown Prince Mohammed bin Salman in 2022, stretching 170 kilometers across the desert.
  • Developers have revised projections for The Line's residential capacity to 300,000 residents by the end of the decade, as per Bloomberg.
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Jordan TimesJordan Times

Saudi Arabia to invest $5b in AI data centre

RIYADH, Saudi Arabia — A Saudi company will invest $5 billion to build an artificial intelligence data centre in the futuristic city of NEOM, state media reported.The agreement, signed between DataVolt and NEOM, would fund the creation of a fully sustainable AI data centre with a 1.5 gigawatt capacity, the official SPA news agency said.The project will be located in Oxagon, an

·Amman, Jordan
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NDTVNDTV

Saudi Arabia To Invest $5 Billion In AI Data Centre

A Saudi company will invest $5 billion to build an artificial intelligence data centre in the futuristic city of NEOM, state media reported. The agreement, signed between DataVolt and NEOM, would fund the creation of a fully sustainable AI data centre with a 1.5 gigawatt capacity, the official SPA news agency said. The project will be located in Oxagon, an industrial city within NEOM, which the kingdom aims to transform into the world's largest …

·New Delhi, India
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TechXploreTechXplore

Saudi Arabia to invest $5 bn in AI data center

A Saudi company will invest $5 billion to build an artificial intelligence data center in the futuristic city of NEOM, state media reported.

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globalconstructionreview.comglobalconstructionreview.com

Tech company DataVolt to spend $5bn on net-zero datacentre in Neom - Global Construction Review

Saudi Arabian company DataVolt will invest $5bn in a 1.5GW datacentre in Neom, Saudi Arabia’s vast new economic zone planned for its northern Red Sea coast. Located in the Oxagon district of Neom, the project is described as an “AI factory campus” that will use sea water cooling to achieve net zero operation. Rajit Nanda, DataVolt’s chief executive, said: “This project marks a milestone in advancing the kingdom’s leadership as a digital powerh…

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Busines and Oil NewsBusines and Oil News

Neuralink competitor Paradromics secures investment from Saudi Arabia’s Neom – DG Verifications & Stats

Paradromics scientists at workSource: Paradromics Texas-based neurotech startup Paradromics on Wednesday announced a strategic partnership with Saudi Arabia’s Neom and said it will establish a Brain-Computer Interface Center of Excellence in the region. Neom is a developing area within northwest Saudi Arabia that’s touted as “a hub for innovation,” according to its website. The area’s strategic investment arm, the Neom Investment Fund, led the p…

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MalaysiajournalMalaysiajournal

Saudi firm to invest US$5b in AI data centre for futuristic NEOM city - Malaysia now

Most Read Malaysia  / 3 h ago World  / 10 h ago Malaysia  / 9 h ago Malaysia  / 10 h ago Malaysia  / 10 h ago Malaysia  / 4 h ago Malaysia  / 13 h ago Malaysia  / 6 h ago Malaysia  / 5 h ago Malaysia  / 7 h ago Malaysia  / 11 h ago Malaysia  / 10 h ago Malaysia  / 11 h ago Malaysia  / 4 h ago Malaysia  / 9 h ago You May Also Like Related Articles Tech-gadgets / 4 h ago Tech-gadgets / 1d ago Tech-gadgets / 1d ago Just IN 20 …

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securitymiddleeastmag.com broke the news in on Wednesday, February 12, 2025.
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