Middle East Business
Nebius signs up as first customer for up to 50MW at the Humain and DataVolt AI campus in Oxagon
By Staff Writer | 23 October 2026
A preliminary agreement makes the AI cloud company the anchor customer for half of the first 100MW now under construction at NEOM's industrial city, with capacity due to come into use in phases from the fourth quarter of 2027.
Humain and DataVolt have agreed preliminary terms with Nebius under which the AI cloud company would become the anchor customer of the AI campus they are building at Oxagon, the advanced industrial city within NEOM on the Red Sea coast. The agreement was announced this week and signed on the sidelines of NVIDIA's GTC conference in Berlin.
Humain is the artificial intelligence company owned by the Public Investment Fund. DataVolt develops, owns and operates digital infrastructure.
The capacity in question
The offtake under discussion is up to 50MW. That is half of the initial 100MW now under construction, which in turn is part of a first phase planned at 360MW. The capacity allocated to Nebius is expected to come into use in phases from the fourth quarter of 2027, and Nebius is expected to install NVIDIA-powered computing to serve demand for its AI cloud.
The parties said the agreement came six weeks after the start of construction was announced. The terms are preliminary, so a binding contract is still to follow.
The agreement between HUMAIN, DataVolt and Nebius reflects growing global demand for AI-ready infrastructure and NEOM's role in enabling advanced industries.
Eng. Aiman Al-Mudaifer, Managing Director and Chief Executive Officer, NEOM
Tareq Amin, chief executive of Humain, called the arrangement a demonstration of international demand for the infrastructure the company is developing. Rajit Nanda, chief executive of DataVolt, said speed to market and competitive infrastructure costs would define the winners in AI compute, and that reaching this stage within six weeks of starting construction showed the project could turn development into commercial commitments.
Why Oxagon
The pitch for the site rests on three things the partners name directly: energy, developed land and low-latency connectivity in a purpose-built industrial zone. The release presents the campus as a way for Saudi Arabia to export digital capacity, combining NVIDIA computing with local energy costs and time to market.
What it means for builders
A named anchor customer is usually what a data centre developer needs before it commits to the later halls of a phase. With 50MW of the first 100MW spoken for on preliminary terms, the remaining 260MW of the planned first phase becomes the next block of mechanical, electrical and cooling work for contractors and suppliers, and its timing will follow how quickly the first customer moves from preliminary terms to a signed deal.