Saudi Arabia’s HUMAIN and the National Infrastructure Fund (Infra) unveiled on Wednesday a landmark financing agreement to expand artificial intelligence (AI) and digital infrastructure in the Kingdom.
On the sidelines of the World Economic Forum (WEF) Annual Meeting 2026 in Davos, HUMAIN and Infra announced a Strategic Financing Framework Agreement of up to $1.2 billion to support AI and digital infrastructure projects in Saudi Arabia.
Boosting AI Infrastructure
According to a press release, the agreement establishes non-binding financing for HUMAIN to develop 250 megawatts of hyperscale AI data centers. These centers will utilize cutting-edge GPUs to power AI training and inference for a global network of HUMAIN’s customers.
Moreover, HUMAIN and Infra plan to launch a dedicated AI data center investment platform, designed to attract local and global institutional capital to accelerate HUMAIN’s long-term AI strategy.
On the sidelines of the World Economic Forum (#WEF) at the Saudi House in Davos, HUMAIN and the National Infrastructure Fund @InfraSaudi have announced a Strategic Financing Framework Agreement of up to $1.2B to advance AI and digital infrastructure in Saudi Arabia. This… pic.twitter.com/Z1gUtHECgN
— HUMAIN (@HUMAINAI) January 21, 2026
On this occasion, the CEO of HUMAIN, Tareq Amin, said: “Demand growth for advanced compute is intensifying, and this Framework Agreement positions HUMAIN to respond with speed and scale. In partnership with Infra, our goal is to deliver world-class AI data center infrastructure that enterprises can rely on as their compute needs grow more complex.”
Meanwhile, Infra CEO, Esmail Alsallom, praised the agreement as an “important step” in supporting Infra’s role of highlighting infrastructure investment opportunities in Saudi Arabia. “Our partnership with HUMAIN will activate new pathways to grow institutional investment and develop the digital economy through enabling AI infrastructure,” he said.
Advancing AI Efforts
Launched by Saudi Crown Prince Mohammed bin Salman in May 2025, HUMAIN serves as a dedicated vehicle for developing AI technologies and investing in the industry’s ecosystem under the leadership of the Public Investment Fund (PIF).
As the Kingdom accelerates its AI development in line with Saudi Vision 2030, HUMAIN is spearheading national efforts to achieve these goals. To this end, it secured landmark agreements with Elon Musk’s xAI and Blackstone-backed AirTrunk for data center projects in the Kingdom, supporting a broader goal to reach 6 gigawatts of capacity by 2034.
