Khazna + Eni join forces in Italy: Dubai-based Khazna Data Centers signed a head of terms agreement with Italian energy firm Eni to establish a joint venture to develop data centers in Italy, according to a pressrelease (pdf). The ownership structure of the tie-up wasn’t disclosed.

The details: Plans will initially include a 500 MW AI data center campus in Italy’s Lombardy region. The Milan AI Data Center Campus will be powered by Eni’s “blue power” low-carbon electricity source and will be generated from a combined cycle gas turbine power plant. This marks the first time low-carbon power is being used to power up hyperscale data infrastructure in Italy, according to the press release.

The first step, but not the last: The campus will be the first step in a wider project, with the JV aiming to establish up to 1 GW of IT capacity in Italy as part of a wider bilateral agreement signed between Italy and the UAE in February.

This is the latest in Khazna’s overseas AI activity, with the firm making moves into Turkey, Saudi Arabia, and Egypt, while also partnering with international heavyweights including Nvidia to build data centers in the region.

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