DataVolt pledges $5bn for 300MW+ of Saudi data centers
By Cicada DeskEvent date: 1 min read
Added to the archive: Last verified:
In brief
At LEAP 2024, DataVolt, a Riyadh-based developer founded in 2023, committed $5 billion to build new data centers in the Kingdom with combined capacity above 300 megawatts.
At LEAP 2024, DataVolt, a Riyadh-based developer founded in 2023, committed $5 billion to build new data centers in the Kingdom with combined capacity above 300 megawatts. The company later signed a $5 billion Oxagon campus deal with NEOM in February 2025 and, in May 2025, a memorandum with Supermicro under which Supermicro estimated the minimum market value of the products contemplated at $20 billion.
That figure is the value of equipment, not DataVolt investment.
Key figures
- $5bninvestment
- 300MWcapacity
Sources
This report is compiled from the sources below. Cicada links to every source we rely on.
Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "DataVolt pledges $5bn for 300MW+ of Saudi data centers". Cicada, 4 March 2024. https://cicadaconsultancy.online/en/news/datavolt-5bn-datacentres-leap24
Free to quote and reuse with attribution under CC BY 4.0.
