National Infrastructure Fund Provides $667 Million to HUMAIN for AI

The National Infrastructure Fund (Infra) and Saudi AI company HUMAIN signed two financing agreements totaling SR2.5 billion ($667 million) on November 9 in Riyadh to expand artificial intelligence infrastructure in Saudi Arabia. These transactions mark the first deals under Infra's AI Data Center Financing Program, following a non-binding framework established in Davos in January 2026.

The first facility, worth SR1.1 billion, funds the procurement and deployment of graphics processing units (GPUs) for a 25 MW IT load. The second facility, worth SR1.4 billion, finances the construction of substations, transmission lines, and grid connections. This power infrastructure is designed to support future data center capacity of up to 1 GW to attract institutional investors and hyperscalers.

HUMAIN aims to reach 3 gigawatts of AI data center capacity by 2030. The company's ownership structure recently shifted as Saudi Aramco acquired a 49% stake through SR9.9 billion in cash contributions during 2026, while the Public Investment Fund retains a 51% stake.