Neom, a futuristic megacity project in Saudi Arabia, has secured a $5 billion investment deal with DataVolt for an AI data center. This facility will mark the first phase of a significant technological initiative aiming at diversifying the economy under Vision 2030. The project includes ambitious plans to support luxury tourism and technological advancement. As Saudi Arabia and the UAE vie for dominance in the Gulf's AI landscape, this development highlights both nations' efforts to enhance their data infrastructure. However, Neom faces criticism over human rights concerns related to local tribes.
The Neom project, part of Saudi Arabia's Vision 2030, aims to transform its economy by investing heavily in tech and sustainability initiatives, including a $5 billion AI data center.
Neom's first phase involves a $5 billion investment in a 1.5-gigawatt AI data center, with plans to promote the region as an innovation hub.
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