Humain and the National Infrastructure Fund (Infra) inked a financing agreement of up to USD 1.2 bn to expand AI and digital infrastructure in Saudi Arabia, according to a press release. The funding will support the development of up to 250 MW of data center capacity, the deployment of GPUs for AI training and inference, and services for Humain’s customers.

The agreement marks a shift from focusing on signing international MoUs to the Kingdom mobilizing domestic institutional capital to bankroll its own digital backbone. The transaction is one of the first steps towards Humain’s longer-term target of 6 GW of capacity. It also underscores an expansion of Infra’s mandate by focusing on digital infrastructure alongside transport and utilities.

REMEMBER- Humain is a central pillar in the Public Investment Fund’s 2026-2030 investment strategy to turn some portfolio companies into global champions with a focus on AI and digital infrastructure. It partnered with AirTrunk and Blackstone to develop USD 3 bn worth of data centers and joined forces with AMD, Cisco, Blackstone, and Elon Musk’s xAI to build data centers in the Kingdom.

What’s next? The two partners will also explore establishing an AI data center investment platform — in which they will serve as the anchor investors — to enable global and local institutional investors to back the expansion of Humain’s AI strategy.

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