In a major move to bolster Saudi Arabia’s position as a global AI powerhouse, Humain, the Kingdom’s PIF-owned artificial intelligence company, has announced a strategic financing framework agreement of up to $1.2 billion with the National Infrastructure Fund (Infra). The landmark agreement, unveiled at the World Economic Forum in Davos, is set to fund a significant expansion of AI and digital infrastructure across the country.
A Landmark Financing Framework
The agreement outlines the non-binding terms for Humain to develop up to 250MW of hyperscale AI data centre capacity. These state-of-the-art facilities will be equipped with leading-edge GPUs designed for complex AI training and inference, catering to a growing roster of local, regional, and global customers.
This financing is a critical step in Humain’s mission to build out the foundational assets required to meet the intensifying demand for advanced computing power, driven by enterprises adopting increasingly sophisticated AI and data processing services.
“Demand growth for advanced compute is intensifying, and this Framework Agreement positions Humain to respond with speed and scale,” said Tareq Amin, Chief Executive Officer of Humain. “In partnership with Infra, our goal is to deliver world-class AI data center infrastructure that enterprises can rely on as their compute needs grow more complex.”
Powering Vision 2030’s Digital Ambitions
The partnership aligns directly with Saudi Arabia’s Vision 2030, which seeks to diversify the economy away from hydrocarbons and establish the Kingdom as a leading digital hub. By mobilizing significant capital for foundational digital assets, the agreement accelerates private sector investment and supports the nation’s long-term economic transformation.
“Today’s Framework Agreement is an important step in expanding Infra’s role of unlocking infrastructure investment opportunities in the Kingdom,” said Eng. Esmail Alsallom, Chief Executive Officer of Infra. “Our partnership with Humain will activate new pathways to grow institutional investment and develop the digital economy through enabling AI infrastructure.”
Building a Hub for Institutional Capital
Beyond direct financing, Humain and Infra will explore the establishment of a dedicated AI data centre investment platform. This platform, anchored by both organizations, is designed to attract and facilitate participation from global and local institutional investors, creating a new pipeline of capital to support the scaling of Humain’s ambitious AI strategy.
An Aggressive Expansion Strategy
This $1.2 billion framework is the latest in a series of aggressive expansion moves by Humain. The company is targeting a total capacity of approximately 6 gigawatts by 2034, underpinned by several high-profile partnerships. These include a $10 billion joint venture with AMD, a deal with NVIDIA to deploy up to 600,000 GPUs, and a joint venture with stc group subsidiary center3 to develop 1GW of AI data centre capacity. Humain has also announced framework agreements with Elon Musk’s xAI for a 500MW+ facility and with Qualcomm Technologies to deploy 200MW of AI inference infrastructure.
About Humain
Humain, a PIF company, is a global artificial intelligence company delivering full-stack AI capabilities across four core areas: next-generation data centers; hyper-performance infrastructure and cloud platforms; advanced AI models, including some of the world’s most advanced Arabic large language models; and transformative AI solutions. Humain’s end-to-end model serves both public and private sector organizations, driving digital transformation and strengthening capabilities through human–AI collaboration.
About The National Infrastructure Fund (Infra)
The National Infrastructure Fund (Infra) is the Kingdom’s lead development financing partner for infrastructure. Infra catalyzes higher levels of private sector investment to accelerate the delivery of infrastructure projects critical to the Kingdom’s social and economic transformation. Infra provides a flexible financing offering, supporting infrastructure projects across all sectors and focusing on achieving the goals of Vision 2030.
Source: AGBI
