Egypt 150-500 MW Hyperscale Data Center
Capacity: 150MW (expandable to 500MW)
Land size: 500,000m²
Status: Development Phase
Target completion: First Phase – 2026, Full Capacity – 2029
Investment Volume: €1.8 billion
Key Features:
- Desert-specific cooling innovation reducing energy consumption by up to 60%
- On-site 50MW solar array with additional regional PPAs
- Zero wastewater discharge through advanced water recycling
- Located at strategic crossroads connecting Europe, Africa, and Middle East
- Pre-leasing agreements for 40% of capacity
- Triple-net lease structure with 20-year terms
- Projected annual yield of 11.5% with target IRR of 22-24%
Strategic Significance
The Egypt Hyperscale Data Center represents NEOIX’s largest development to date and a critical piece of digital infrastructure for North Africa and the Middle East. Strategically positioned in Egypt’s New Administrative Capital, the facility will serve as a vital hub connecting Europe, Africa, and the Middle East, leveraging Egypt’s unique geographic position at the crossroads of multiple submarine cable systems.
NEOIX.AI’s landmark 150-500MW hyperscale data center in Egypt’s New Administrative Capital has received formal endorsement from the Egyptian Ministry of Communications and Information Technology as a cornerstone project for the nation’s digital transformation strategy. Minister Dr. Amr Talaat stated, “This facility represents exactly the type of sustainable, world-class digital infrastructure that will position Egypt as the digital gateway between Europe, Africa, and the Middle East. The project’s innovative desert cooling technology and commitment to zero-waste operations align perfectly with our Vision 2030 sustainability goals.”
The €1.8 billion development has achieved a major milestone with successful testing of its revolutionary desert cooling innovation, demonstrating energy consumption reductions of up to 60% compared to conventional systems. “We’re not just building a data center—we’re pioneering the future of sustainable digital infrastructure in one of the world’s most challenging environments,” said Hari Slipicevic, CEO of NEOIX. “Our desert cooling technology proves that environmental responsibility and operational excellence can go hand in hand.” With 40% of capacity already pre-leased to major cloud providers and construction progressing ahead of schedule, the facility is set to become the largest sustainable data center in the MENA region.
Development Timeline
- Q3 2024: Finalization of site acquisition and regulatory approvals
- Q4 2024: Groundbreaking and commencement of infrastructure development
- Q2 2025: Foundation and structural construction
- Q4 2025: Technical systems installation begins
- Q2 2026: Phase 1 (50MW) operational
- Q1 2027: Phase 2 (additional 50MW) operational
- Q4 2029: Phase 3 (final 50MW) operational
Partnership Structure
The Egypt Hyperscale Data Center is being developed through a strategic partnership with the Egyptian government and regional technology leaders.
NEOIX
Primary developer and majority stakeholder.
Egyptian New Administrative Capital Authority
Land and infrastructure support.
Regional Sovereign Wealth Fund
Minority investment partner.
International Technology Consortium
Anchor tenant commitment.