Neom, Saudi Arabia’s Dystopian Desert City Project, Announces $5 Billion AI Data Center
The urban development project has often seemed pie-in-the-sky. A new "energy efficient" data center project promises more of the same.
Saudi Arabia's Neom signed a $5 billion deal to build a huge AI data center
The 1.5-gigawatt factory is expected to be in use by 2028. It comes as Saudi Arabia and the UAE compete to spearhead AI efforts in the Middle East.
NEOM announces $5bn AI data centre in Oxagon, Saudi Arabia
NEOM partners with DataVolt to develop a $5bn AI-powered data centre in Oxagon, Saudi Arabia NEOM signed a partnership agreement with DataVolt to design and develop a large-scale artificial intelligence-powered data centre with a total capacity of 1.5 gigawatts.
Neom and DataVolt announce $5bn data centre project
Founded in 2023, DataVolt previously announced a plan to invest $5bn in developing data centres across Saudi Arabia, without specifying the project's location. DataVolt is a wholly owned subsidiary of Saudi public-private partnership-focused developer and investor Vision Invest.
LEAP 2025: AI data centre, key tech deals signed
The data centre will boast of a a capacity of 1.5 gigawatts in Oxagon – the floating industrial city being developed in the Red Sea
Saudi Neom, Datavolt sign agreement to launch $5 billion AI project
Saudi's NEOM, a Red Sea urban and industrial development, signed on Monday an agreement with DataVolt to develop a 1.5 GW net zero artificial intelligence project in the Saudi development's Oxagon industrial zone,
NEOM joins hands with DataVolt to launch $5bn net-zero AI project
NEOM, the sustainable region taking shape in northwest Saudi Arabia, and DataVolt, a Saudi-based international developer, investor and operator of data centers, today (February 10) signed a landmark agreement, marking a significant step toward realising the kingdom’s vision for a sustainable, data-driven economy.
Saudi Arabia’s Neom Signs $5 Billion Deal for AI Data Center
Saudi Arabia’s Neom, the megacity being developed on the Red Sea coast, secured a $5 billion investment from a local firm to establish an AI data center.
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DataVolt plans 1.5GW data center campus in Neom’s Oxagon
At the LEAP 2025 event this week DataVolt and Neom signed a $5bn agreement to develop a 1.5GW data center campus in Neom’s ...
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DataVolt signs agreement with NEOM to design and develop the region’s first truly sustainable, net-zero AI factory campus in Oxagon
An initial investment of USD 5 billion by DataVolt will fund the first phase of the factory’s development, expected to be ...
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NEOM & Datavolt to Develop USD 5 Billion AI Powered Data Centre
NEOM has entered a deal with Saudi-based international data management company, Datavolt, to develop an AI powered data ...
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Why NEOM’s THE LINE will take 100 years to be fully realised
Key developments on NEOM's infrastructure, transport and economic expansion plans were announced by its chief development ...