Artificial Intelligence

Infra signs SAR 2.5 billion deals with HUMAIN for Saudi AI and power infrastructure

Saudi Arabia's National Infrastructure Fund signed two deals worth up to SAR 2.5 billion ($667 million) with HUMAIN to finance AI computing and data centre power infrastructure.

IT Magazine Staff November 9, 2026 · 3 min read

In brief: Saudi Arabia's National Infrastructure Fund concluded two HUMAIN financing agreements in Riyadh on 8 November worth up to SAR 2.5 billion ($667 million). The deals with the Public Investment Fund company allocate up to SAR 1.1 billion for graphics processing units and SAR 1.4 billion for data centre power infrastructure.

Saudi Arabia's National Infrastructure Fund (Infra) signed two HUMAIN financing agreements worth up to SAR 2.5 billion ($667 million) in Riyadh on 8 November. The deals with the Public Investment Fund (PIF) company will finance artificial intelligence (AI) computing deployment and critical power infrastructure across the kingdom.

Computing and power facilities

The first facility allocates up to SAR 1.1 billion ($293.3 million) to procure and deploy graphics processing units (GPUs) with an IT load capacity of approximately 25 megawatts. PIF Governor Yasir bin Othman Al-Rumayyan and National Development Fund Governor Abdulaziz Alarifi attended the signing. Faisal bin Fadhil Alibrahim, who serves as Minister of Economy and Planning and Chairman of Infra's board of directors, was also present.

A second facility of up to SAR 1.4 billion ($373.3 million) will finance critical energy infrastructure for HUMAIN's AI data centres in Saudi Arabia, covering substations, power transmission infrastructure and grid interconnection facilities. HUMAIN specialises in delivering full-stack, end-to-end AI capabilities globally. "AI infrastructure is becoming foundational to the next generation of computing, and scaling it requires both significant investment and the infrastructure to support it," said Eng. Tareq Amin, Chief Executive Officer of HUMAIN. "These facilities with Infra will help accelerate the deployment of advanced computing capacity and the power infrastructure required to support it. At HUMAIN, we are focused on building and operating AI infrastructure at scale, while developing the technologies and platforms that enable organisations and customers globally to put AI to work."

First deals under the Davos framework

The two facilities represent the first financing deals announced under Infra's AI data centre financing programme. They form the initial implementation phase of a strategic financing framework agreement that Infra and HUMAIN announced at Davos in January 2026. That framework set out non-binding financing terms worth up to SAR 4.5 billion ($1.2 billion) to support AI projects and digital infrastructure in the kingdom.

"Through these agreements, we aim to unlock investment well beyond Infra's own commitment," said Infra chief executive Eng. Esmail bin Mohammed Alsallom. "Supporting HUMAIN's computing deployment alongside essential power infrastructure helps prepare a broader pipeline of data centre projects for investment. Our role is to strengthen project readiness and bankability, with commercial viability and economic value guiding how we deploy our capital." Alsallom said the partnership links Infra's priorities with a commercially grounded investment approach.

What happens next

The planned power grid infrastructure is designed to support future data centre expansion in Saudi Arabia with IT loads of up to 1 gigawatt. That capacity aims to attract investment from data centre developers, hyperscale computing infrastructure operators and institutional investors. Alsallom said the model will help build a financing market capable of drawing private and institutional capital to sustain local AI infrastructure growth.

Sources: TechAfrica News, Sabq

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