DataVolt signs $5bn deal for 1.5GW AI data center campus at NEOM's Oxagon
By Cicada DeskEvent date: 1 min read
Added to the archive: Last verified:
In brief
In February 2025 NEOM and DataVolt agreed a $5 billion net-zero, AI-focused data center campus at Oxagon, planned to reach 1.5 GW with a first 300 MW phase operational in 2028, powered by renewable energy and using advanced cooling.
In February 2025 NEOM and DataVolt agreed a $5 billion net-zero, AI-focused data center campus at Oxagon, planned to reach 1.5 GW with a first 300 MW phase operational in 2028, powered by renewable energy and using advanced cooling. Oxagon leases the land and supplies infrastructure, and the Red Sea site gives access to subsea fiber.
Reporting in 2026 describes a 100 MW phase with HUMAIN within a 360 MW campus at Oxagon.
Key figures
- $5bninvestment
- 1,500MWplanned capacity
- 300MWfirst phase
Sources
This report is compiled from the sources below. Cicada links to every source we rely on.
- 1NEOM signs deal with DataVolt to build $5bn data centre in Oxagon Middle East Construction News
- 2Saudi firm to invest US$5b in AI data centre for futuristic NEOM city Malay Mail (AFP) · 12 Feb 2025
Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "DataVolt signs $5bn deal for 1.5GW AI data center campus at NEOM's Oxagon". Cicada, February 2025. https://cicadaconsultancy.online/en/news/datavolt-neom-oxagon-5bn-2025
Free to quote and reuse with attribution under CC BY 4.0.
