Framework agreement for planned AI giga campus at Oxagon

HUMAIN, the PIF company delivering full-stack artificial intelligence capabilities globally, and DataVolt, a developer and operator of sustainable digital infrastructure, have announced a preliminary framework agreement with Nebius, a leading AI cloud company listed on NASDAQ, for data centre capacity at Oxagon, NEOM’s advanced industrial city on Saudi Arabia’s Red Sea coast.

Under the proposed framework, Nebius would become the anchor customer for the planned AI giga campus, with the contemplated offtake representing up to 50MW, equivalent to half of the initial 100MW currently under construction as part of the first phase’s planned 360MW total capacity.

The preliminary framework was reached six weeks after construction commenced, marking a significant commercial milestone. Proposed capacity is expected to become operational in phases from the fourth quarter of 2027, with Nebius expected to deploy NVIDIA-powered computing infrastructure under the agreement.

The agreement, signed on the sidelines of NVIDIA’s GTC Berlin conference, brings together HUMAIN’s full-stack AI ecosystem ambitions, DataVolt’s infrastructure development and delivery expertise and Nebius’s demand for high-specification data centre capacity to serve a global customer base.

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