HUMAIN, DataVolt and Nebius announced a preliminary framework for an artificial-intelligence data-centre campus being developed at Oxagon, NEOM’s industrial city. According to NEOM’s October 21 statement, Nebius is contemplated as the customer for up to 50 megawatts of capacity at the planned campus, whose first 100MW is currently under construction. The companies described the framework as a commercial outline for allocating capacity; the announcement did not disclose a definitive service contract, price, revenue commitment or long-term offtake terms.

The statement distinguishes several project scales. The first 100MW under construction is part of a broader first phase planned at 360MW. The contemplated 50MW allocation for Nebius would equal half of that initial 100MW. It does not mean that a separate 50MW facility is already operating: the figure describes capacity proposed for allocation to one customer within planned infrastructure. NEOM said the proposed allocation is expected to become operational in stages from the fourth quarter of 2027.

The companies said Nebius expects to deploy NVIDIA-powered computing infrastructure to serve its global customer base with AI cloud services. They did not publish the GPU count, hardware deployment schedule or detailed capacity breakdown. The Oxagon campus is intended to combine power, land and connectivity for large-scale computing. The announcement does not specify the equipment delivery and installation timetable for the proposed 50MW or define the technical boundary between data-centre electrical capacity and IT load.

HUMAIN is described as a Saudi Public Investment Fund company developing AI infrastructure and applications; DataVolt as a developer, owner and operator of digital infrastructure; and Nebius as a publicly traded AI cloud company. The announcement places these roles in a chain that links campus development, infrastructure delivery and customer demand. Company executives presented the framework as a first-customer relationship and a sign of international demand. Those are the companies’ characterisations, not an independent demand assessment or revenue forecast.

The release gives no financial value for the proposed 50MW allocation, firm delivery obligation or binding service start date. A preliminary framework does not establish that all terms of a final agreement have been settled. Measurable next steps would include a definitive commercial agreement, documented delivery of infrastructure and computing systems, and staged commissioning. NEOM’s plans, the first 100MW now under construction, the broader 360MW first-phase plan and eventual commercial operation should be tracked as distinct milestones.