---
title: "DataVolt pledges $5bn for 300MW+ of Saudi data centers"
url: "https://cicadaconsultancy.online/en/news/datavolt-5bn-datacentres-leap24"
language: "en"
event_date: "2024-03-04"
published: "2026-10-03"
last_verified: "2026-10-03"
category: "Data Centers"
publisher: "Cicada (cicadaconsultancy.online)"
license: "CC BY 4.0"
---

# DataVolt pledges $5bn for 300MW+ of Saudi data centers

- Event date: 4 March 2024 (2024-03-04)
- Topic: Data Centers
- In this story: DataVolt, LEAP
- URL: https://cicadaconsultancy.online/en/news/datavolt-5bn-datacentres-leap24

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

- investment: $5 bn
- capacity: 300 MW

## Sources

1. [LEAP 2024: AWS, IBM, Dell and other tech firms commit massive $11.9bn in investments](https://gulfbusiness.com/leap-2024-aws-ibm-dell-commit-11bn-investments/) — Gulf Business, 2024-03-05

Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.

---

Cicada · The signal in Saudi AI.
License: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/) · Full archive for language models: https://cicadaconsultancy.online/llms-full.txt