Under the agreement, the project will be implemented in Oxagon, NEOM’s hub for clean and advanced industries, and will be executed in phases. The first phase will receive an initial investment of $5bn ...

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 Oxagon industrial area. The first 300MW phase of the site will reportedly go ...

The NEOM Green Hydrogen Company is constructing what it claims will be the world’s largest green hydrogen manufacturing plant in partnership with ACWA Power at the Oxagon industrial area. The project ...

The 1.5-gigawatt factory is expected to be online by 2028 and will be built in Neom's Oxagon industrial hub. The Neom megacity, launched in 2017 by Crown Prince Mohammed bin Salman, is a key step ...

NEOM says on its website that Oxagon is set to become an industrial city powered by renewable energy. However, the kingdom has scaled back some lofty ambitions to prioritize completing elements ...

Last week it had sealed a strategic deal with Data Vault for a $5 billion AI-powered green energy data storage facility at Oxagon. "NEOM is not just a city but an urban revolution designed to push ...

You’ll excuse me if I don’t hold my breath on that one. The new data center will allegedly be built in Neom’s “Oxagon” region, a “floating” industrial port city that is being ...

factory that will operate as an integrated data center in NEOM’s industrial city, Oxagon, with a total capacity of up to 1.5 gigawatts (GW). The development will take a phased approach, with phase one ...

Rajit Nanda, CEO of DataVolt, added: “This agreement with NEOM and Oxagon underscores our unwavering commitment to support the Kingdom's vision of becoming a regional digital and AI hub.

expected to be operational by 2028, according to statements from Neom and the Saudi Press Agency. The 1.5-gigawatt site will be housed in Oxagon, an industrial hub within Neom.

The developer is currently focusing on six regions of NEOM – four tourism destinations, namely Trojena, Magna, The Islands and the Nature Reserve, and two cities The Line and Oxagon. Excavation and ...

Saudi gigaproject developer Neom and Saudi Arabia-based DataVolt, a developer, investor and operator of data centres, have signed an agreement to develop a major data centre infrastructure in Oxagon, ...