DataVolt, a new Saudi Arabian firm, has announced its plans to establish a data center campus in Bangladesh, located outside the capital city of Dhaka. The company aims to invest a significant amount of $100 million in developing a state-of-the-art data center on a three-acre plot of land in the Bangabandhu Hi-Tech City in Gazipur’s Kaliakair region. This move is part of DataVolt’s strategy to expand its presence in the dynamic South Asian market.
DataVolt’s Investment Plans
The decision to invest $100 million in setting up a data center in Bangladesh showcases DataVolt’s commitment to capitalizing on the country’s growing digital infrastructure. The selection of Bangabandhu Hi-Tech City, known for its technological advancements, further enhances the strategic value of this investment. This multimillion-dollar venture will not only boost data storage capabilities but also contribute significantly to Bangladesh’s efforts in becoming a digital hub.
Announcement by DataVolt’s Chief Strategy Officer
During a bilateral meeting with State Minister for Information and Communication Technology (ICT), Zunaid Ahmed Palak, Ayad Al Amri, the Chief Strategy Officer of DataVolt, unveiled the company’s plans for the data center campus in Bangladesh. This announcement highlights the collaborative efforts between DataVolt and government entities to foster innovation and develop critical technological infrastructure in the region.
Background information on DataVolt
DataVolt, a Riyadh-based company, was founded earlier this year. As a wholly owned subsidiary of Vision Invest, a Saudi Arabian development and investment holding company focused on critical infrastructure, DataVolt leverages its parent company’s expertise and resources to drive its ambitious data center projects. With this new development in Bangladesh, DataVolt is poised to expand its operational footprint in South Asia.
CEO’s background
DataVolt’s CEO, Rajit Nanda, brings extensive experience in infrastructure development to the table. Formerly the Chief Financial Officer of ACWA Power, a prominent Saudi-based developer of power generation and desalinated water production plants, Nanda’s background in managing large-scale projects will be instrumental in overseeing DataVolt’s data center campus in Bangladesh. His presence ensures strong leadership and the successful execution of the company’s ambitious plans.
Partnerships with AquaTech Systems and Sterling and Wilson
In a bid to bolster its capabilities and offer cutting-edge solutions, DataVolt recently announced partnerships with two key players in the industry. One such collaboration is with AquaTech Systems, a leading Indian water technology firm. The specifics of this partnership remain undisclosed, leaving industry experts eagerly anticipating the development of water-efficient data centers.
Furthermore, DataVolt has also signed a partnership deal with Sterling and Wilson, an esteemed Indian engineering group. However, similar to the previous announcement, no details have been shared regarding the finer aspects of this collaboration. This emphasis on strategic partnerships demonstrates DataVolt’s dedication to leveraging external expertise in delivering innovative and sustainable data center solutions.
Competition in the market
DataVolt’s foray into the Bangladesh data center market comes amid intensified competition and growing investments in the region. Earlier this year, Yotta Infrastructure, an Indian data center firm, unveiled its plans to invest a staggering 20 billion Bangladeshi Taka ($190.5 million) in establishing a hyperscale data center park in Dhaka over the next four to six years. With its first building scheduled to become operational in Q3 2024, Yotta Infrastructure has set the stage for an exciting race to capture the growing demand for data center solutions in Bangladesh.
DataVolt’s investment of $100 million in the development of a data center campus in Gazipur’s Kaliakair region underscores its ambition to establish a strong presence in the burgeoning Bangladesh data center market. As competition intensifies and investments pour into the region, the digital infrastructure in Dhaka is poised to undergo significant transformation. These developments hold immense potential for accelerating economic growth and driving digital innovation in Bangladesh, ultimately benefiting businesses and consumers alike.