Saudi Arabia's Infra & HUMAIN Sign $667 Million AI Financing Deals

Saudi Arabia's National Infrastructure Fund (Infra) and artificial intelligence company HUMAIN have signed two financing agreements worth up to $667 million (SR 2.5 billion) to expand AI computing capacity and develop electricity infrastructure supporting data centres across the Kingdom.

The agreements, signed in Riyadh on November 8th, 2026, establish separate financing facilities for computing equipment and electricity infrastructure. The first, valued at up to SR 1.1 billion ($293.3 million), will finance the procurement and deployment of graphics processing units (GPUs), supporting approximately 25 megawatts of IT computing capacity.

The second facility, worth up to SR 1.4 billion ($373.3 million), will support the construction of substations, electricity transmission infrastructure and grid connections for HUMAIN's data centres. The planned infrastructure is designed to accommodate future facilities with up to one gigawatt of IT capacity, providing the electricity infrastructure needed for further expansion.

The agreements represent the first financing transactions under Infra's AI Data Center Financing Program and build on a strategic financing framework announced by Infra and HUMAIN at the World Economic Forum in Davos in January 2026. That framework outlined non-binding financing terms of up to SR 4.5 billion ($1.2 billion) for AI and digital infrastructure projects.

The signing took place in the presence of Public Investment Fund Governor Yasir Al-Rumayyan, Minister of Economy and Planning Faisal bin Fadhil Alibrahim and National Development Fund Governor Abdulaziz Alarifi.

Through the facilities, Infra and HUMAIN aim to address the computing and power requirements of large-scale AI infrastructure projects while attracting additional investment from data centre developers, hyperscale computing providers and institutional investors.