The National Infrastructure Fund (Infra) and HUMAIN, a PIF company delivering full-stack artificial intelligence capabilities globally, have inked two financing agreements totaling up to SAR 2.5 billion ($667 million) to support AI computing deployment and the development of critical power infrastructure in Saudi Arabia. The participation of HUMAIN in these agreements shows the company’s commitment in developing AI infrastructure in the country.
The agreements were signed in Riyadh. Those who were present include the Governor of the Public Investment Fund, Yasir Al-Rumayyan, Minister of Economy and Planning and Chairman of Infra’s Board of Directors, Faisal bin Fadhil Alibrahim and Governor of the National Development Fund, Abdulaziz Alarifi.
Significance of the Financing Agreements
The facilities are the first transactions announced under Infra’s AI Data Center Financing Program. Moreover, they build on the strategic financing framework announced by Infra and HUMAIN at Davos in January 2026. This framework outlined non-binding financing terms of up to SAR 4.5 billion ($1.2 billion). Moreover, this will support AI and digital infrastructure projects in the Kingdom.
How the Financing Facilities will be Earmarked
The GPU financing facility, of up to SAR 1.1 billion ($293.3 million), will support the procurement and deployment of graphics processing units (GPUs). These represent approximately 25 MW of IT load.
Furthermore, second facility of up to SAR 1.4 billion ($373.3 million), will fund the development of substations. Also, it will fund transmission infrastructure and grid connections to support HUMAIN’s AI data centers in Saudi Arabia.
Planned Power Infrastructure to Support Data Center Development
The planned power infrastructure is designed to support future data center development with up to 1 GW of IT capacity. This will help create the conditions for investment by developers, hyperscalers and institutional investors.
“Through these agreements, we aim to unlock investment well beyond Infra’s own commitment,” said Chief Executive Officer of Infra, Engineer Esmail bin Mohammed Alsallom.
Additionlly, he noted that supporting HUMAIN’s computing deployment alongside essential power infrastructure helps prepare a broader pipeline of data center projects for investment.
“Also, our role is to strengthen project readiness and bankability, with commercial viability and economic value guiding how we deploy our capital,” Alsallom said, adding that this partnership connects Infra’s priorities with commercial discipline, helping build a financing market that can attract a broader pool of private and institutional capital and sustain the local AI infrastructure growth.
AI infrastructure Emerges as a Foundation for Next Generation Computing
Lastly, Chief Executive Officer of HUMAIN, Tareq Amin, said that AI infrastructure is becoming foundational to the next generation of computing. Therefore, scaling it requires both significant investment and the infrastructure to support it.
“These facilities with Infra will help accelerate the deployment of advanced computing capacity and the power infrastructure required to support it. Moreover, at HUMAIN, we are focused on building and operating AI infrastructure at scale, while developing the technologies and platforms that enable organizations and customers globally to put AI to work” he said.
Overview: Saudi AI and Power Infrastructure Expansion
Partners: National Infrastructure Fund (Infra) & HUMAIN (a PIF company)
Total Financing: Up to SAR 2.5 billion ($667 million)
Milestone Program: First transactions under Infra’s AI Data Center Financing Program
Framework Context: Builds on the $1.2B (SAR 4.5B) framework signed at Davos in Jan 2026
Facility Breakdown
- GPU Computing Facility: Up to $293.3 million (SAR 1.1B) to procure and deploy GPUs supporting ~25 MW of IT load.
- Power Grid Facility: Up to $373.3 million (SAR 1.4B) to build substations, transmission lines, and grid connections.
Strategic Impact
- Grid Capacity Target: Prepares grid connection to support up to 1 GW of future IT load.
- Core Objective: De-risk data center developments to attract private, institutional, and hyperscaler capital to Saudi Arabia.
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