DataVolt’s Uzbekistan Data Center Tests Saudi Expansion Beyond The Gulf
Saudi Arabia-based DataVolt is developing the 12MW TAS-1 data center in Tashkent after securing $150 million in project financing, with larger Uzbekistan capacity still tied to preliminary agreements and future investment plans.
TAS-1 Gives DataVolt A Central Asia Buildout
DataVolt is pushing its Saudi data center business into Uzbekistan with a 12MW facility in Tashkent.
The company has secured $150 million in project financing for TAS-1.
One funder is the German Investment and Development Company.
European Bank for Reconstruction and Development also appears in the funder list, alongside Proparco and the OPEC Fund for International Development.
The project is useful because it connects a Saudi infrastructure developer to a Central Asian cloud and data-center market rather than another Gulf buildout.
It is not yet a hyperscale proof point.
TAS-1 is a first facility, and the disclosed capacity is modest compared with the larger expansion framework around it.
One timing question remains open: the investment receipt date is unclear, while the Uzbek Ministry of Digital Technologies had already described the project in May 2024 as fully financed through 100 percent foreign direct investment worth $150m.
DataVolt has said TAS-1 is expected to come online in late 2026.
The Larger Plan Is Still Mostly Framework
Uzbekistan’s ministry has described TAS-1 as the first phase of a broader data center programme.
The larger plan includes two additional 250MW data centers on two 25-hectare land parcels, with a foreign partner expected to invest $5 billion by 2030.
Those numbers are large, but they are not the same as operating capacity.
The firmer near-term asset is the 12MW Tashkent project.
The bigger 250MW sites and the $5 billion plan remain dependent on future execution, partner commitments, power availability and local demand for compute capacity.
DataVolt has also signed two memoranda of understanding with Veon-linked Beeline Uzbekistan.
One could make Beeline Uzbekistan a major tenant of TAS-1.
The other sets up evaluation work for the joint development and operation of a potential data center in Bukhara.
Saudi Capital Meets Local Execution Risk
DataVolt was founded in 2023 and is controlled by Vision Invest, a Saudi Arabian group focused on critical infrastructure.
Its chief executive, Nanda, was previously CFO of ACWA Power, and much of the company’s board and executive team came from ACWA.
That background gives DataVolt a power-and-infrastructure profile, which matters for data centers because grid access, cooling, financing and land are often as important as server procurement.
In Uzbekistan, the next evidence will be practical: TAS-1 completion, a confirmed tenant structure, and whether the Bukhara memorandum turns into a binding development plan.
Veon adds a regional operating link.
The company is headquartered in Dubai and operates in Bangladesh, Kazakhstan, Pakistan, Ukraine and Uzbekistan.
Its Kazakhstan unit, Beeline Kazakhstan, is also building a 2MW data center in Almaty that is set to go live by the end of this year, giving the group a wider Central Asia data-center thread.
