Saudi Arabia’s Neom has signed a $5 billion deal to build a huge AI data center

• Saudi Arabia’s Neom has signed a $5 billion deal to build an AI data center.
• Neom, which was launched in 2017, is a key part of Vision 2030 to diversify Saudi Arabia’s economy.
• Saudi Arabia and UAE have been competing to become the Gulf’s AI superpower.

Saudi Arabia’s futuristic Neom project has signed a deal to develop a multibillion-dollar artificial intelligence data center, per a Saudi Press Agency report.

Under the agreement with DataVolt, a Saudi-based…