Saudi-based data center developer DataVolt is to build a facility in Riyadh.
The company and the Saudi Authority for Industrial Cities and Technology Zones (MODON) have agreed on land lease terms for the development of an AI-ready data center in Riyadh.
The 55,000 square meter (592,015 sq ft) plot is located in east Riyadh’s First Technology Park. Further details were not shared.
“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 of 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.”
News of the DataVolt facility was first announced during the recent LEAP 2025 conference, when MODON announced data center contracts with DataVolt, GDH, and Ezditek. MODON said DataVolt’s deal would see a 2.5 billion riyals ($670m) investment.
Riyadh-based DataVolt was founded in 2023 and is a wholly owned subsidiary of Vision Invest, a Saudi Arabian development and investment holding company focused on critical infrastructure.
The company has committed to investing more than $5 billion in developing around 300MW of data center capacity in the country, and previously announced plans for data centers in Dhaka, Bangladesh, and Uzbekistan.
It recently announced plans to develop a 1.5GW data center campus in Neom’s Oxagon industrial area. The first 300MW phase of the site will reportedly go live in 2028.
