Saudi Arabia's DataVolt is moving forward with a landmark $20 billion investment in artificial intelligence data centers and energy infrastructure throughout the United States, the White House announced Tuesday during President Donald Trump's state visit to Saudi Arabia.
The investment is part of a historic $600 billion Saudi commitment to the US economy, which includes a combined $80 billion pledge from tech giants Google, DataVolt, Oracle, Salesforce, AMD, and Uber to invest in cutting-edge technologies across both countries.
DataVolt, a Saudi-based developer and operator of sustainable data centers founded in 2023, has positioned itself as a key player in the kingdom's push to become a global AI hub. The company specializes in developing energy-efficient, high-density computing facilities designed for AI workloads, with a strong focus on sustainability.
"We are providing mission-critical digital infrastructure that will support the KSA's position as a global leader in AI while offering customers sustainable data center solutions," said Rajit Nanda, CEO of DataVolt, in a recent statement. The company's US investment aligns with Saudi Arabia's Vision 2030 economic diversification plan to reduce oil dependency.
The announcement comes just one day after Saudi Crown Prince Mohammed bin Salman launched a new AI company in the kingdom, highlighting Saudi Arabia's ambitions in the technology sector. During the investment forum in Riyadh, the Crown Prince stated that the goal is to raise the US-Saudi partnership to $1 trillion across military, security, economic, and technological sectors.
For the United States, this investment represents a significant boost to its AI infrastructure at a time when demand for computing power is surging due to rapid advancements in artificial intelligence technologies. The deal also strengthens US-Saudi economic ties amid growing global competition in the AI sector, particularly from China.