Rajit Nanda - CEO, DataVolt

In a discussion about Saudi Arabia's tech sector, it's noted that the industry is valued at $50 billion and is rapidly growing1. DataVolt, a leading company, emphasizes the importance of making data centers sustainable, as they are becoming power centers due to AI's energy demands. The CEO, Rajit Nanda, highlights the need for green energy to support AI's growth and reduce the carbon footprint, which data centers significantly contribute to. DataVolt aims to build data centers on a 100% sustainable basis, powered by green energy, to proactively address energy transition and carbon footprint issues. Saudi Arabia is positioned to harness this opportunity due to its resources, political will, and infrastructure, including subsea cable links. The kingdom's Vision 2030 and political will are seen as more valuable than incentives for tech growth. The discussion concludes with the potential for Saudi Arabia to become a global leader in data centers and AI factories.