HUMAIN, DataVolt Sign Preliminary Nebius Deal for Up to 50 MW at Oxagon

Riyadh, Saudi Arabia — Saudi artificial intelligence company HUMAIN and digital infrastructure developer DataVolt have reached a preliminary framework agreement that would make Nasdaq-listed AI cloud provider Nebius the first customer at their planned AI campus in NEOM's Oxagon, with up to 50 megawatts of capacity.

Signed on the sidelines of NVIDIA’s GTC Berlin conference, the agreement would make Nebius an anchor customer at the planned AI giga campus in Oxagon, the advanced industrial city NEOM is building on Saudi Arabia’s Red Sea coast.

The 50 MW Nebius would take is half of the initial 100 MW block now under construction, which in turn sits inside a first phase planned at 360 MW. The companies expect the capacity set aside for Nebius to come into operation in stages starting in the fourth quarter of 2027.

The arrangement is still at a preliminary stage. HUMAIN describes the 50 MW as a contemplated offtake and the deal as a proposed allocation to an international customer, reached six weeks after the partners announced that construction had started.

The Nebius deal builds on an August 31 announcement in which HUMAIN and DataVolt agreed to develop 100 MW of DataVolt's 360 MW first phase at Oxagon, with the first 100 MW then expected to become available in 2028. DataVolt first signed with NEOM in February 2025, allocating an initial $5 billion to the first phase of a campus planned to reach 1.5 gigawatts.

Each company brings a different piece. HUMAIN, which belongs to Saudi Arabia's Public Investment Fund, contributes its full-stack AI capabilities and its aim of building a globally competitive AI ecosystem, while DataVolt, which develops, owns and operates digital infrastructure, handles development and delivery. Nebius supplies the demand, needing data center capacity for a global customer base with high technical requirements.

The campus is being designed for next-generation AI workloads, and Nebius is expected to install NVIDIA-powered computing infrastructure there to keep up with demand for its AI cloud, according to the companies.

Tareq Amin, CEO of HUMAIN, said: “The real measure of AI infrastructure is not how much capacity you build, but the demand you can secure and the value you can deliver. Advancing our commercial relationship with Nebius as our first customer is a significant milestone for HUMAIN and a clear demonstration of the international demand for the infrastructure we are developing. We are building more than data centers. We are creating a globally competitive, full-stack AI ecosystem that connects infrastructure, compute, models and applications to serve customers around the world.”

The partners argue that pairing NVIDIA accelerated computing with Oxagon's competitive energy costs and speed to market shows the project can win major international customers and turn rising demand into long-term infrastructure commitments. As appetite for AI compute grows, they said, bringing together power, land, connectivity, advanced infrastructure and large-scale execution is now weighs more heavily on what AI costs to run.

Rajit Nanda, chief executive officer of DataVolt, stated: “Speed to market and infrastructure cost competitiveness will define the winners in the global AI compute race. Reaching this advanced stage of commercial engagement with Nebius within six weeks of commencing construction is a powerful demonstration of our ability to execute at pace and convert development into commercial commitments. At Oxagon, we are building at scale, with a clear focus on delivering highly competitive infrastructure costs. By combining Saudi Arabia’s energy advantages with disciplined execution, we are helping create a platform for the Kingdom to compete globally in AI compute - not just as an energy powerhouse, but as an exporter of digital capacity.”

NEOM positions Oxagon as a purpose-built industrial hub that could combine low-latency digital connectivity, developed land and scalable energy to support large AI facilities serving global customers.

Aiman Al-Mudaifer, managing director and chief executive officer of NEOM, said: “The agreement between HUMAIN, DataVolt and Nebius reflects growing global demand for AI-ready infrastructure and NEOM’s role in enabling advanced industries. Through Oxagon, we are creating an integrated ecosystem that brings together the key elements global technology companies need to accelerate capacity deployment and scale. This partnership demonstrates how NEOM is translating its strategic priorities into tangible opportunities that deliver lasting economic impact.”

The three companies each tied the deal to their own plans. HUMAIN said it supports an integrated AI offering that runs from infrastructure and computing platforms to AI models and applications. DataVolt said it fits an execution-led approach of building large digital infrastructure around identified customer demand, while Nebius gains extra capacity as its AI cloud business keeps expanding.

If the Oxagon framework becomes a final agreement, Nebius could take up to half of the first 100 MW currently under construction, giving HUMAIN and DataVolt an early indication of international demand for AI capacity at the campus.