HUMAIN Secures Up to $1.2 Billion Strategic Investment to Expand AI Data Centers in Saudi Arabia

HUMAIN, owned by the Public Investment Fund (PIF), has secured a strategic investment of up to $1.2 billion from the National Infrastructure Fund (Infra) to support the expansion of AI and digital infrastructure projects across the Kingdom of Saudi Arabia.

The financing agreement was signed on the sidelines of the World Economic Forum (WEF) in Davos and outlines non-binding financing terms to support HUMAIN’s development of up to 250 megawatts (MW) of hyperscale AI data center capacity.

These AI-focused data centers will deploy advanced GPUs for AI training and inference, enabling HUMAIN to serve its local, regional, and global customer base, according to a joint statement issued by the two entities.

In addition, HUMAIN and Infra will jointly explore the launch of a specialized AI data center investment platform, anchored by both organizations and designed to enable participation from local and international institutional investors to support the scaling of HUMAIN’s AI program.

The National Infrastructure Fund serves as the Kingdom’s lead development financing partner for infrastructure and operates under the supervision of the National Development Fund.

Separately, in December, Centre3, a subsidiary of Saudi-listed stc, signed an agreement with HUMAIN to establish a joint venture focused on developing and operating AI-driven data centers within the Kingdom.