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03 October 2023

Business Insider Bangladesh

Saudi company to invest $100mn in Bangabandhu Hi-Tech City

BI Report || BusinessInsider

Published: 19:28, 12 September 2023  
Saudi company to invest $100mn in Bangabandhu Hi-Tech City

Photo: Collected

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 $100 million in Bangabandhu Hi-Tech City (BHTC) in Kaliakor area of Gazipur.

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.

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.