Humain Secures $667 Million From Saudi Infrastructure Fund for GPUs and Data Centre Power

The agreements, signed in Riyadh, are the first transactions under Infra's AI Data Center Financing Program, according to the Saudi Press Agency. They turn into binding deals part of a non-binding framework the two sides announced at Davos in January, which set out financing of up to $1.2 billion for as much as 250 megawatts of AI data centre capacity.

The deal matters because it shows how Saudi Arabia intends to pay for its AI build-out: through a state infrastructure lender willing to fund both the chips and the substations behind them, with the stated aim of drawing private and institutional money in after it. Humain has said it wants 3 gigawatts of AI data centre capacity by 2030.

The package is split into two facilities. The first, worth up to SR1.1 billion, will fund the purchase and deployment of graphics processing units equal to an IT load of roughly 25MW. The second, worth up to SR1.4 billion, covers power infrastructure for Humain's Saudi data centres, including substations, transmission lines and grid connections.

The power side is sized well beyond Humain's immediate chip purchase. The infrastructure is designed to support future data centre expansion with IT loads of up to 1GW, a capacity the parties say is meant to attract other developers, large computing operators and institutional investors. The gap between the 25MW of GPUs being financed now and the 1GW of grid capacity being prepared shows where both sides see the bottleneck: access to power, more than access to chips.

"AI infrastructure is becoming foundational to the next generation of computing, and scaling it requires both significant investment and the infrastructure to support it," Humain chief executive Tareq Amin said.

Infra chief executive Esmail Al-Sallom said the fund's goal was to "unlock investment well beyond Infra's own commitment." He described Infra's role as strengthening "project readiness and bankability," with commercial viability guiding how it deploys capital.

The January framework also committed the two to explore a jointly anchored AI data centre investment platform aimed at local and international institutional investors. No details of that platform were given with this week's agreements.

The financing follows a change in Humain's ownership. In a transaction completed on November 1, Saudi Aramco took a 49% stake in the company through a wholly owned subsidiary, while the Public Investment Fund kept 51%. Aramco's side of the deal involves about SR9.9 billion in cash contributions during 2026, alongside AI, computing and digital assets.

Humain was launched by the PIF in 2025 to build data centres, cloud services and Arabic-language AI models, and has signed chip supply arrangements with US suppliers as it tries to position the kingdom as a regional compute hub competing with the UAE.

The agreements cover just over half of the $1.2 billion envisaged in January. Neither side has said when further tranches under the framework, or the proposed investment platform, will be finalised.