Mubbadrah Investment has formed a consortium to develop an AI data centre in Oman, with planned capacity of up to 400 MW and initial investment of USD $3 billion.
The consortium includes Sustopia Capital, Vela Tech and O2 Global Energy. It plans to build a campus in Oman for AI training and inference workloads, with scope to expand beyond the initial phase.
The announcement came at a signing ceremony in London attended by Nasser bin Khamis Al Jashmi, Chairman of the Oman Tax Authority, Liane Saunders, UK Ambassador to Oman, and representatives of the UK trade office. The project was presented as part of Oman-UK cooperation during the state visit of Sultan Haitham bin Tarik.
The site is intended for hyperscalers and is expected to rely on local and international partners for finance, technology and development. The facility would use a mix of grid electricity and renewable energy.
Under the plan, O2 Global Energy will develop 400 MW of solar generation with battery storage to support the campus, alongside power drawn from the grid.
Mubbadrah Investment is leading the group from Oman and says it has a portfolio of more than 20 businesses across sectors including oil and gas, hospitality and healthcare.
Sustopia Capital and Vela Tech say they are involved in about 20 GW of AI data centre development, design and construction projects globally. Sustopia also says its own data centre platform spans 5 GW across Denmark, the US and the UK.
Another element is a possible customer for the planned capacity. Crusoe has indicated interest as a potential off-taker, according to the consortium, which expects to sign confirmation in the coming weeks as the project progresses.
Consortium roles
Mubbadrah is leading the investment group, Sustopia is contributing data centre development experience, Vela Tech is supporting design and construction management, and O2 Global Energy is responsible for the planned solar and storage component.
Oman has sought to expand its digital and energy infrastructure as Gulf states compete to host more computing capacity tied to AI workloads. Large data centres require substantial, reliable electricity supply, making access to power central to site selection and project economics.
Against that backdrop, the proposed use of both grid supply and on-site renewable generation is likely to be closely watched. The 400 MW solar and battery component matches the planned scale of the data centre and points to the size of the power demand the campus is expected to generate.
"As an Omani investment group with a portfolio of more than 20 companies across oil and gas, hospitality, healthcare and other sectors, Mubbadrah Investment is proud to lead this consortium of Omani and international companies. Oman has the stability, strategic location and energy resources to become a regional home for AI infrastructure, and we are delighted to bring together partners with the capital, technology and experience to make that happen, creating lasting value and opportunities for Oman and its people," said Yasser Albarami, Chief Executive Officer of Mubbadrah Investment.
"We are proud of Sustopia Capital's growing role in developing the next generation of mission-critical digital infrastructure. Through our 5 GW data centre platform spanning Denmark, the United States and the United Kingdom, we are building the foundations for the next era of AI, quantum computing and digital innovation. Our expansion into Oman is a strategic extension of this vision, positioning Sustopia at the intersection of global AI infrastructure and the energy transition," said Nikhil Chouguley, Chief Executive Officer of Sustopia Capital.
"We are proud to be part of this great team, supporting the design and managing the construction through to successful completion. We will draw on our last three years of AI data centre expertise, starting with Stargate in Abilene, Texas, and several other large multi-megawatt sites totalling more than 20 GW for almost all hyperscale, cloud and AI companies," said Jeff Fini, Chief Executive Officer of Vela Tech.
"We are excited to be part of this development. O2 Global Energy is active in several countries and brings 12 years of experience developing solar and renewable energy projects. As the founder of both O2 and H2 Global Energy, a leading green hydrogen and green ammonia developer in the MENA region, I look forward to delivering clean, reliable power for one of the region's most important digital infrastructure projects," said Yazan Faouri, Founder and Chief Executive Officer of O2 Global Energy.