00:00 "We announced an investment, under the shadow of the Ministry of Communications, worth
00:07 about 5 billion dollars.
00:09 The investment will focus on building data centers.
00:14 The investment in infrastructure for data centers.
00:17 The Kingdom of Saudi Arabia has a goal in 2030 to build 1.3 gigawatts of data centers.
00:25 The 5 billion dollars will contribute to about 300 megawatts of 1.3, which is about 20%.
00:32 This investment will be with several partners.
00:38 We will focus on our experience.
00:44 Investing in our experience in the field of renewable energy.
00:47 Investing in our experience in developing talent and Saudi staff in all fields.
00:54 From maintenance to added value services.
01:01 If we didn't talk about this agreement, how many years will it take to implement it?
01:08 As I said, the Kingdom's goal is to reach 1.3 gigawatts in 2030.
01:14 These 300 megawatts will be from here to 2030.
01:18 We expected this announcement to be the beginning.
01:24 We expect that the investment will be more and more.
01:28 Do you have a goal for the implementation of the company Data Vault?
01:33 You are among a group of companies, including several companies, including companies like
01:38 Equipower.
01:39 Yes, we have a clear goal and intention for the implementation.
01:44 We will discuss this goal in the board of directors.
01:50 The company invests in the field of infrastructure.
01:55 It has a long-term investment.
01:58 It will be established in two or three years.
02:03 It will start and start financial resources.
02:05 The intention is present.
02:08 We will announce it at the right time.
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