DataVolt Sells Nearly All 60 MW Capacity as Saudi Arabia Eyes 1.5 GW Computing Hub
Updated
Updated · ARAB NEWS · Aug 20
DataVolt Sells Nearly All 60 MW Capacity as Saudi Arabia Eyes 1.5 GW Computing Hub
1 articles · Updated · ARAB NEWS · Aug 20
Summary
Nearly all of DataVolt’s 60 MW across Saudi Arabia and Uzbekistan has already been sold ahead of full year-end operations, after the company invested almost $1 billion in the first projects.
70% of its Saudi capacity is earmarked for AI workloads, and the early sellout is reinforcing plans to scale in the Kingdom, where DataVolt targets a 1.5 GW project in Oxagon with construction due in about 12 weeks.
Saudi Arabia’s pitch rests on cheap power, dense connectivity and location: green electricity costs about 2 cents per kWh, the country has 17 subsea cables heading to 24, and roughly half the world’s population is reachable within 120 milliseconds.
Rajit Nanda said that combination could turn Saudi Arabia into a major exporter of computing power within 8 to 10 years, extending beyond domestic demand that now totals about 300 MW and is projected to reach 800 MW by 2030 or 2031.
A bigger constraint may be advanced chip access rather than talent or financing, even as DataVolt says Saudi ties with the US currently help and its training program drew 16,500 applications for 100 places in four days.