Saudi Arabia’s National Infrastructure Fund (Infra) and Humain, an artificial intelligence company backed by the Public Investment Fund, have agreed on a financing framework of up to $1.2 billion to accelerate the expansion of AI and digital infrastructure across the Kingdom.
Announced on the sidelines of the World Economic Forum in Davos, the non-binding agreement outlines financing terms to develop up to 250 megawatts of hyperscale AI data centre capacity. The facilities will serve Humain’s local, regional, and global customers, supporting advanced compute workloads for AI training and inference.
The initiative aligns with Saudi Arabia’s Vision 2030 agenda to position the Kingdom as a regional technology and digital infrastructure hub by the end of the decade.
“Demand growth for advanced compute is intensifying, and this Framework Agreement positions Humain to respond with speed and scale,” said Tareq Amin, CEO of Humain. “In partnership with Infra, our goal is to deliver world-class AI data centre infrastructure that enterprises can rely on as their compute needs grow more complex.”
Under the agreement, Infra and Humain will also explore the creation of a dedicated AI data centre investment platform. The platform would be anchored by both organisations and structured to attract global and local institutional investors, enabling further scaling of Humain’s AI strategy.
Esmail Alsallom, CEO of Infra, said the framework represents a key step in expanding Infra’s role in unlocking infrastructure investment opportunities across the Kingdom. “Our partnership with Humain will activate new pathways to grow institutional investment and develop the digital economy through enabling AI infrastructure,” he said.
Humain has accelerated activity in recent months as Saudi Arabia moves to secure large-scale capacity for AI workloads. In December, the company awarded Al Moammar Information Systems a contract to design and build a dedicated AI data centre.
It has also partnered with Saudi Telecom Company to establish a joint venture focused on developing and operating AI-ready data centres in the Kingdom. Under a Tadawul filing, Humain will hold a 51 percent stake, while stc will own 49 percent. The facility will be developed through stc’s data centre arm, center3, and is designed to support up to 1 gigawatt of power, beginning with an initial 250 MW phase, subject to demand.
