Saudi Arabia's NEOM Secures $5 Billion Investment for AI Data Center
8 Sources
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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. The agreement, signed between DataVolt and NEOM, would fund the creation of a fully sustainable AI data center with a 1.5 gigawatt capacity, the official SPA
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Saudi Neom, DataVolt sign agreement for $5 billion AI project
CAIRO, Feb 10 (Reuters) - Saudi Arabia's NEOM, a Red Sea urban and industrial development, has signed a deal with DataVolt to develop a 1.5 gigawatt (GW) net zero artificial intelligence project in its Oxagon industrial zone, the Saudi state news agency reported on Monday. The project, which will
[3]
Saudi Neom, DataVolt sign agreement for $5 billion AI project
CAIRO, Feb 10 (Reuters) - Saudi Arabia's NEOM, a Red Sea urban and industrial development, has signed a deal with DataVolt to develop a 1.5 gigawatt (GW) net zero artificial intelligence project in its Oxagon industrial zone, the Saudi state news agency reported on Monday. The project, which will
[4]
Saudi Arabia's Neom Signs $5 Billion Deal for AI Data Center
Saudi Arabia's Neom, the megacity being developed on the Red Sea coast, secured a $5 billion investment from a local firm to establish an AI data center. The deal with Saudi-based DataVolt will see the company inject that money into the first phase of the project, expected to be operational by
[5]
As its megacities continue to grow, Saudi Arabia bets big on AI
Nobody can reasonably accuse Saudi Arabia of lacking ambition. Along with all the other projects it has going on at the moment, the kingdom has inked a deal with data center firm DataVolt to build what it calls the region's first "truly sustainable" AI hub. The AI facility is expected to be
[6]
Neom, Saudi Arabia's Dystopian Desert City Project, Announces $5 Billion AI Data Center
The urban development project has often seemed pie-in-the-sky. A new "energy efficient" data center project promises more of the same. They say data is the new oil. If that's the case, it makes total sense that the oil kings of the last century are trying to become the data kings of this one.
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Neom and DataVolt Partner to Build USD 5 Billion AI Data Center in Oxagon
NEOM's Oxagon offers subsea fiber connectivity, green hydrogen, and cost-competitive renewable energy, making it an optimal location. Saudi Arabia's Neom and DataVolt have signed an agreement to develop a 1.5-gigawatt (GW) net-zero artificial intelligence (AI) factory in its Oxagon zone. The
[8]
LEAP 2025: AI data centre, key tech deals signed
Image credit: Supplied photo DataVolt and Saudi Arabian giga-project NEOM have announced a $5bn partnership to establish the first fully sustainble AI data centre in the country. The data centre will boast of a a capacity of 1.5 gigawatts in Oxagon - the floating industrial city being developed
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Saudi Arabia's futuristic city NEOM has signed a $5 billion deal with DataVolt to build a sustainable AI data center, marking a significant step in the kingdom's ambition to become an AI hub.
Saudi Arabia's Bold Move into AI Infrastructure
In a significant development for the Middle East's tech landscape, Saudi Arabia has announced a $5 billion investment to construct an artificial intelligence data center in NEOM, the kingdom's ambitious futuristic city project. The agreement, signed between DataVolt and NEOM, aims to create a fully sustainable AI data center with a 1.5 gigawatt capacity
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.Project Details and Location
The AI facility will be located in Oxagon, an industrial city within NEOM that is planned to become the world's largest floating industrial complex. Set to be operational by 2028, the project represents the first phase of what could be a larger investment in AI infrastructure
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.Sustainability and Technology
The data center is being touted as the region's first "truly sustainable" AI hub. According to NEOM officials, the facility aims to be entirely powered by renewable energy, utilizing advanced cooling technologies and designed to operate at net zero. This approach addresses the global challenges of power availability and the carbon footprint typically associated with data centers
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.Strategic Importance
This investment comes as Saudi Arabia races to position itself as an artificial intelligence hub, competing with regional rivals such as the UAE and Qatar. The kingdom is capitalizing on the booming demand for generative AI technology, which requires vast amounts of processing power
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.Vision 2030 and Economic Diversification
The AI data center is part of Saudi Arabia's broader "Vision 2030" initiative, aimed at diversifying the economy of the world's largest oil exporter. NEOM, a development nearly the size of Belgium, is central to this plan, with the goal of eventually housing 9 million people
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Challenges and Adjustments
While the ambitions for NEOM and its AI capabilities are high, the kingdom has faced some challenges. Recent reports suggest that Saudi Arabia has scaled back some of its lofty ambitions to prioritize completing elements essential for hosting global sporting events over the next decade, as rising costs weigh on the project
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.Future Implications
The development of this AI data center could have far-reaching implications for Saudi Arabia's technological landscape. Authorities have previously mentioned the use of AI technologies to manage various aspects of daily life within NEOM, including water requirements, power usage, and waste management
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.As Saudi Arabia continues to invest heavily in AI and other cutting-edge technologies, it remains to be seen how these ambitious projects will shape the kingdom's future and its position in the global tech industry.
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