Timeline for Oxagon
#17 21 Oct
Mentioned in: Nebius signs for up to 50 MW at NEOM
Data Centres: Boom and BacklashBackground
Oxagon is NEOM's planned industrial city on Saudi Arabia's Red Sea coast, built around the operating Port of NEOM. HUMAIN and DataVolt plan an AI data-centre campus there.
The first planned phase has 100 MW of capacity. A preliminary framework announced on 21 October 2026 contemplated Nebius taking up to 50 MW. NEOM scheduled initial service for late 2027, followed by staged additions. Its release described contemplated offtake without stating a binding commitment.
Common Questions
What is Oxagon?
Oxagon is NEOM's emerging industrial city on Saudi Arabia's Red Sea coast, anchored by the operating Port of NEOM.Source: https://www.neom.com/en-us/regions/oxagon
Where is Oxagon?
Oxagon is on Saudi Arabia's Red Sea coast within NEOM.Source: https://www.neom.com/en-us/regions/oxagon
How much Oxagon capacity could Nebius take?
The preliminary framework contemplates up to 50 MW from the first 100 MW under construction.Source: https://www.neom.com/en-us/newsroom/International-Agreement-Strengthens-Data-Center-Capabilities
When could Nebius capacity at Oxagon become operational?
The proposed capacity is expected to become operational in phases from the fourth quarter of 2027.Source: https://www.neom.com/en-us/newsroom/International-Agreement-Strengthens-Data-Center-Capabilities
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Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 22 October 2026. Editorial standards.