Business · Companies · 6 hrs ago
Saudi fund agrees 2.5 billion riyals in financing for Humain
Saudi Arabia’s National Infrastructure Fund signed two financing agreements worth up to 2.5 billion riyals with Humain, an AI company owned by the Public Investment Fund.
The agreements were signed in Riyadh and are the first deals under a program to finance AI data centres.
One facility of up to 1.1 billion riyals will fund graphics processing units, which handle many AI computing tasks.
A second facility of up to 1.4 billion riyals will fund power infrastructure, including substations and connections to the electricity grid.
Together, the financing is intended to provide computing capacity and power for Humain’s AI data centres in the kingdom.
The infrastructure is designed to allow future data-centre expansion to up to one gigawatt of IT load.
The agreements begin the first stage of a financing framework announced in January 2026, which set out non-binding terms for up to 4.5 billion riyals in support of AI and digital infrastructure projects.
Saudi Arabia’s National Infrastructure Fund and Humain signed financing agreements worth up to 2.5 billion riyals to support AI computing capacity and energy infrastructure.
The financing comprises up to 1.1 billion riyals for graphics processing units and 1.4 billion riyals for energy infrastructure.
The agreements are the first deals under the fund’s AI Data Center Financing Program.
The infrastructure is designed to support future data center expansion with IT loads of up to 1 gigawatt.
The agreements are the first stage of a financing framework announced by the fund and Humain in January 2026.
- Who
- Saudi Arabia’s National Infrastructure Fund and Humain.
- What
- They signed financing agreements worth up to 2.5 billion riyals for AI computing capacity and energy infrastructure.
- When
- The agreements were signed the day before the articles were published on November 9, 2026.
- Where
- Riyadh, Saudi Arabia.
- Why
- To support AI computing capacity and develop energy infrastructure for Humain’s AI data centers in Saudi Arabia.
This story does not have two clearly opposing sides.
The fund and Humain announced a strategic financing framework with non-binding terms of up to 4.5 billion riyals.
The National Infrastructure Fund and Humain signed the financing agreements in Riyadh.
- Total financing
- Up to 2.5 billion Saudi riyals (667 million US dollars)
- GPU financing
- Up to 1.1 billion riyals, supporting GPU capacity of about 25 megawatts of IT load
- Energy infrastructure financing
- Up to 1.4 billion riyals
- Future data center capacity
- IT loads of up to 1 gigawatt
- Framework announced
- January 2026, with non-binding financing terms of up to 4.5 billion riyals
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What people are saying
Through these two agreements, we aim to stimulate investments that exceed the size of the financing provided by the fund.
AI infrastructure has become a cornerstone of the next generation of computing technologies, and expanding it requires significant investment and infrastructure capable of keeping pace with this growth.