Data centre manufacturing and power generation firm DataVolt of Saudi Arabia has unveiled plans to invest $100 million (around Tk 1,098 crore) to establish a cutting-edge data centre in Bangladesh. 

DataVolt Chief Strategy Officer Ayad Al Amri made the announcement during a bilateral meeting with Zunaid Ahmed Palak, state minister for ICT, at Renaissance Dhaka Gulshan Hotel yesterday.

Bangladesh Hi-Tech Park Authority has assured providing three acres of land in Bangabandhu Hi-Tech City in Kaliakoir for the project, the ICT Division said in a statement.

Palak highlighted government incentives to promote investments in hi-tech parks and emphasised future market potential in this sector. He also expressed gratitude to DataVolt for their interest and assured full cooperation from the ministry.

The discussion also explored potential investment opportunities in the information and communication technology (ICT) sector and other areas in Bangladesh, the statement read.

GSM Jafarullah, managing director of Bangladesh Hi-Tech Park Authority, and officials from DataVault were present.

Founded this year, Riyadh-based DataVolt is a subsidiary of Vision Invest, a Saudi Arabian development and investment holding company focused on critical infrastructure.

Earlier, Yotta Data Services, an arm of Indian conglomerate Hiranandani Group, announced it would be investing Tk 2,000 crore to build a tier-IV data centre in the hi-tech city.

In early August, Jafarullah told The Daily Star that construction of the data centre had already begun.