Datavolt CEO, Rajit Nanda:
Saudi Arabia is likely, within 8 to 10 years, to become one of the largest computing exporters in the world, benefiting from competitive elements that may place it in the digital economy in a position equivalent to its current weight in the oil markets.
-Details:
The forecasts are based on three main pillars that the Kingdom enjoys: energy, connectivity, and geographical location, which are elements that form the basis for building a vast infrastructure for data centers and expanding computing capabilities directed to global markets.
The cost of energy stands out as one of the most important advantages of the Saudi market, as the cost of producing electricity from large-scale green energy projects is about two years per kilowatt-hour, which is about 40% less than China, according to the company’s estimates.
This advantage, in addition to the Kingdom's location and connectivity capabilities, gives Saudi Arabia a competitive base for developing large data centers and exportable computing services, supporting its transformation into a major center for digital infrastructure in the coming years.
The vision of Data Volt, which is headquartered in Riyadh, reflects the growing investment bet on the Saudi market as an environment capable of attracting large-scale computing and data center projects and linking them to global demand.
