National Infrastructure Fund finances HUMAIN data centers with $667 million
The National Infrastructure Fund signed two agreements with HUMAIN worth SAR 2.5 billion to finance power infrastructure and GPUs.
The National Infrastructure Fund (Infra) and HUMAIN signed two financing agreements worth up to SAR 2.5 billion (about $667 million) to support AI data centers in Saudi Arabia.
- First agreement: Up to SAR 1.4 billion for power infrastructure, including substations, transmission lines and grid connections, designed to support up to 1 gigawatt of computing capacity
- Second agreement: Up to SAR 1.1 billion to buy and deploy GPUs, providing about 25 MW of IT capacity
- Context: The first two deals under the fund's AI data center financing program, and the first phase of a framework announced at Davos in early 2026 with a target value of SAR 4.5 billion
The agreements were signed in Riyadh in the presence of PIF Governor Yasir Al-Rumayyan and Faisal Alibrahim, Minister of Economy and Planning and chairman of the fund. HUMAIN CEO Tareq Amin said AI infrastructure has become a cornerstone of the next generation of computing technologies.
What it means for founders in Saudi
More local computing capacity should, over time, mean more options for running AI models inside the Kingdom. Startups building on top of this infrastructure should watch how, and at what price, the capacity is offered to customers.
