Saudi Arabia’s Infra, HUMAIN Sign $667 Million Financing Deals to Expand AI Computing and Data Center Infrastructure
RIYADH, November 9, 2026 (Saudi Arabia Breaking News) - Saudi Arabia’s National Infrastructure Fund (Infra) and artificial intelligence company HUMAIN have signed two financing agreements worth up to SAR 2.5 billion ($667 million) to expand AI computing capacity and develop electricity infrastructure for data centers in the Kingdom, the Saudi Press Agency (SPA) reported.
The agreements, signed in Riyadh on November 8, comprise a SAR 1.1 billion facility to finance advanced graphics processing units (GPUs) and a separate SAR 1.4 billion facility for power infrastructure supporting HUMAIN’s data center operations.
The GPU financing is expected to support computing equipment representing approximately 25 megawatts of information technology load.
The second facility will fund electricity substations, transmission infrastructure and grid connections designed to support future AI data center development with a potential capacity of up to one gigawatt.
The agreements are the first financing transactions announced under Infra’s AI Data Center Financing Program and follow a framework established between the two organizations at the World Economic Forum in Davos in January 2026.
That earlier arrangement outlined non-binding financing terms of up to SAR 4.5 billion ($1.2 billion) for AI and digital infrastructure development in Saudi Arabia.
The signing ceremony was attended by Public Investment Fund Governor Yasir Al-Rumayyan, Economy and Planning Minister and Infra Board Chairman Faisal Alibrahim, and National Development Fund Governor Abdulaziz Alarifi.
Infra Chief Executive Esmail Alsallom said the agreements were intended to attract investment beyond the fund’s direct financial commitments by improving the commercial viability of data center projects.
He said financing both computing equipment and essential electricity infrastructure would help create opportunities for private developers and institutional investors to participate in Saudi Arabia’s expanding AI sector.
HUMAIN Chief Executive Tareq Amin said the facilities would support the deployment of advanced computing capabilities and the power infrastructure needed to operate them at scale.
The company is developing AI infrastructure and technology platforms intended to serve organizations and customers in Saudi Arabia and international markets.
The financing arrangements are designed to strengthen the investment readiness of future data center projects while supporting the development of the Kingdom’s domestic AI computing industry.
