DataVolt, a pioneering data centre developing and power generation company of Saudi Arabia, has announced to set up a data centre at a cost of US$100 million in Bangabandhu Hi-Tech City (BHTC) at Kaliakor in Gazipur district.
DataVolt Chief Strategy Officer Ayad Al Amri made this announcement at a bilateral meeting with State Minister for ICT Zunaid Ahmed Palak at a city hotel on Tuesday, said a press release.
Bangladesh Hi-Tech Park Authority (BHTPA) has assured the company of allotting three acres of land initially in the high-tech city for setting up a modern data centre.
Highlighting the government incentives for investment and potentials of the BHTC, Palak thanked the DataVolt authorities for expressing their interest to invest in the high-tech city and assured them of giving all-out support from his ministry.
BHTPA Managing Director GSM Jafarullah and other officials of the BHTPA and DataVolt were present at the meeting.
The Saudi Arabia data center market is expected to reach a value of $2.08 billion by 2028 from $1.31 billion in 2022, growing at a CAGR of 7.98% from 2022-2028
Saudi Arabia has over 20 operational colocation data centers. Riyadh is the primary location for investment in the Saudi Arabia data center market, followed by Jeddah, Dammam, and other cities. Neom is the new smart city that will attract new investments over the forecast period. Significant deployment and adoption of 5G services and the development of smart cities in Saudi Arabia will fuel data traffic and further grow the demand for more data centers in the country. For instance, Amazon Web Services announced the availability of AWS Outposts. This fully managed service offers AWS services and AWS infrastructure for a full virtual experience of a data center colocation space.
The country is also witnessing improvement in submarine and inland connectivity. For instance, 2Africa, the longest subsea cable, will be deployed to connect Saudi Arabia with other countries such as India, the UAE, Spain, the UK, Oman, and others.
Gulf Data Hub is among the top colocation operator in the country that is currently developing a new data center facility in Dammam and has further planned several facilities across Riyadh, Jeddah, and Dammam.