Global Infrastructure SherpaNeom partners with DataVolt on $5bn hyperscale datacentre project
USD5M
Deal Value
development
Stage
Neom, through its Oxagon development, has signed a landmark agreement with DataVolt for a $5 billion hyperscale datacentre project in north-west Saudi Arabia. The facility aims to operate at net-zero, powered entirely by renewable energy, and will support AI workloads.
Counterparts (3)
Partner
Deal Analysis
Neom, through its Oxagon development, has announced a landmark $5 billion partnership with DataVolt for a hyperscale data centre project in north-west Saudi Arabia. This significant investment underscores Neom's commitment to developing a futuristic, sustainable urban area, with the facility designed to operate at net-zero, powered entirely by renewable energy. Crucially, the data centre is explic...
- Partnership between Neom/Oxagon and DataVolt for a hyperscale data centre.
- Substantial $5 billion project value.
- Designed for net-zero operation, powered entirely by renewable energy.
- Explicitly intended to support AI workloads.
- Located in Neom's Oxagon development in north-west Saudi Arabia.
Timeline
Announced
Feb 19, 2026
Signed
Closed