Saudi Arabia’s Public Investment Fund (PIF) and Saudi Aramco have announced a landmark agreement that will see Aramco acquire a significant minority stake in the PIF-owned artificial intelligence company, HUMAIN. The strategic partnership aims to consolidate the Kingdom’s AI assets, talent, and infrastructure under a single entity, accelerating its ambition to become a global leader in AI innovation.
A Strategic Consolidation for AI Supremacy
The non-binding term sheet outlines a plan to unify the AI programs of two of the Kingdom’s most powerful entities. Under the proposed structure, both PIF and Aramco will contribute their respective AI assets and capabilities to HUMAIN, with PIF retaining majority ownership. This consolidation is designed to create a national champion capable of competing on the global stage, driving investment, and fostering a robust AI ecosystem within Saudi Arabia. Yazeed A. Al-Humied, Deputy Governor and Head of MENA Investments at PIF, stated that the move will fuel “AI talent, innovation, and intellectual property” while strengthening the Kingdom’s position as a globally competitive AI hub.
Unifying National AI Assets
This partnership will integrate key AI infrastructure from both organizations, including advanced data centers, proprietary AI models, and cloud platforms. The move follows the recent transfer of the Saudi Company for Artificial Intelligence (SCAI), a PIF subsidiary, to HUMAIN, further centralizing the nation’s AI capabilities. By pooling these resources, HUMAIN is poised to rapidly scale its operations and enhance its full-stack AI offerings, which include its powerful multimodal Arabic large language model (LLM), ALLAM.
Synergies for National and Industrial Transformation
The collaboration offers significant strategic benefits for both parties. For Aramco, the investment is expected to bolster its leadership in industrial AI applications and digital solutions. Amin H. Nasser, Aramco’s President and CEO, noted the deal will “accelerate the development of Saudi Arabia’s AI infrastructure” and help the energy giant capture opportunities from rising energy demand linked to AI growth. For PIF, the partnership aligns with its mandate to develop strategic sectors, localize modern technologies, and drive the economic diversification goals outlined in Vision 2030. The transaction is currently subject to definitive agreements and regulatory approvals.
About HUMAIN
Launched by the Public Investment Fund in May 2025, HUMAIN is a full-stack artificial intelligence company dedicated to building a comprehensive AI ecosystem in Saudi Arabia. The company operates across four core pillars: developing next-generation data centers, providing hyper-performance infrastructure and cloud platforms, creating advanced AI models like the Arabic LLM ALLAM, and delivering transformative AI solutions for government and industrial sectors.
Source: Zawya
