Saudi Arabia’s National Infrastructure Fund (Infra) has signed two financing agreements worth up to SAR 2.5 billion ($667M) with HUMAIN, the Public Investment Fund company developing AI infrastructure.
The first facility, valued at up to SAR 1.1 billion, will fund the procurement and deployment of GPUs representing around 25 megawatts (MW) of IT load. A second facility of up to SAR 1.4 billion will finance substations, transmission infrastructure and grid connections for HUMAIN’s AI data centres.
The power infrastructure is designed to support future data centre capacity of up to 1 gigawatt (GW), according to the announcement. The agreements were signed on 8 November in Riyadh and are the first transactions under Infra’s AI Data Center Financing Program.
The deals follow a non-binding framework announced by Infra and HUMAIN at Davos in January 2026, which outlined financing terms of up to SAR 4.5 billion for AI and digital infrastructure projects. The new agreements represent SAR 2.5 billion of that framework.
HUMAIN plans to build 1 GW of data centre capacity by 2027 and 6 GW by 2030. The company has also announced chip and technology agreements with AMD, Nvidia, Qualcomm, Cisco, xAI and Together AI.
Source: Middle East AI News
