Riyadh - Sharikat Mubasher: HUMAIN, the Saudi company delivering full-stack AI capabilities globally, and the National Infrastructure Fund (Infra) signed two financing agreements worth up to SAR 2.5 billion (nearly $667 million) to support AI computing deployment and accelerate the development of critical power infrastructure across the Kingdom.
The agreements included a GPU financing facility worth up to SAR 1.1 billion and another facility of up to SAR 1.4 billion, aimed at advancing AI infrastructure in Saudi Arabia, HUMAIN revealed in a press release today.
The GPU financing facility will support the procurement and deployment of graphics processing units (GPUs), representing approximately 25 MW of IT load, while the second facility will finance the development of substations, transmission infrastructure, and grid connections to support HUMAIN’s AI data centers in the Kingdom.
The deals were signed in the presence of Yasir Al-Rumayyan, governor of the Public Investment Fund (PIF), Faisal Alibrahim, minister of economy and planning and chairman of Infra’s board of directors, and Abdulaziz Alarifi, governor of the National Development Fund.
The planned power infrastructure is designed to support future data center development with up to 1 GW of IT capacity, helping create the conditions for investment by developers, hyperscalers, and institutional investors.
Tareq Amin, chief executive officer of HUMAIN, said: “These facilities with Infra will help accelerate the deployment of advanced computing capacity and the power infrastructure required to support it. At HUMAIN, we are focused on building and operating AI infrastructure at scale, while developing the technologies and platforms that enable organizations and customers globally to put AI to work.”
For his part, Esmail Alsallom, chief executive officer of Infra, commented: “Through these agreements, we aim to unlock investment well beyond Infra’s own commitment. Supporting HUMAIN’s computing deployment alongside essential power infrastructure helps prepare a broader pipeline of data center projects for investment. Our role is to strengthen project readiness and bankability, with commercial viability and economic value guiding how we deploy our capital.”
He added that the partnership with HUMAIN connects Infra’s priorities with commercial discipline, helping build a financing market that can attract a broader pool of private and institutional capital and sustain the local AI infrastructure growth.
The facilities are the first transactions announced under Infra’s AI Data Center Financing Program, building on the strategic financing framework announced by Infra and HUMAIN at Davos in January 2026.