Khazna Data Centers and Eni just signed a Heads of Terms to build a massive 500 MW AI Data Center Campus in Lombardy, Italy. The joint venture aims to boost Italy’s AI infrastructure with a hyperscale digital hub designed for high-performance computing and energy efficiency.
This move is part of a bigger Italy-UAE partnership from early 2025 targeting 1 GW total IT capacity on Italian soil. Development is already underway.
The campus will run on “Blue Power,” a low-carbon electric supply from Eni’s new gas power plant capturing CO₂ emissions. This makes the project one of the first to pair decarbonized energy with large-scale data center design in Italy. 
Khazna CEO Hassan Alnaqbi and Eni COO Guido Brusco signed the deal in Rome on July 11, 2025, joined by UAE and Italian government ministers.
Hassan Alnaqbi stated:
We’re proud to partner with Eni, a demonstrated energy leader, on this HoT, which represents a defining step in Khazna’s European expansion. Together with Eni, we are enabling the infrastructure needed for exponential AI growth—delivering the scale, sustainability, and operational precision that next-generation compute demands.
Guido Brusco added:
Through this partnership Eni and Khazna are jointly contributing to delivering a world-class hyperscale infrastructure, strategic for Italy and Europe, providing their distinctive capabilities in innovation, energy sustainability and rapid time-to-market.
