The National Infrastructure Fund (Infra) and HUMAIN, a PIF company delivering full-stack artificial intelligence capabilities globally, announced the signing of two financing agreements totaling up to SAR 2.5 billion (approximately USD 667 million) to support AI computing deployment and the development of critical power infrastructure in Saudi Arabia.
The agreements were signed on 8 November in Riyadh in the presence of H.E. Yasir Al-Rumayyan, Governor of the Public Investment Fund, H.E. Faisal bin Fadhil Alibrahim, Minister of Economy and Planning and Chairman of Infra’s Board of Directors, and H.E. Abdulaziz Alarifi, Governor of the National Development Fund.
The facilities are the first transactions announced under Infra’s AI Data Center Financing Program. They build on the strategic financing framework announced by Infra and HUMAIN at Davos in January 2026, which outlined non-binding financing terms of up to SAR 4.5 billion (USD 1.2 billion) to support AI and digital infrastructure projects in the Kingdom.
The GPU financing facility, of up to SAR 1.1 billion (USD 293.3 million), will support the procurement and deployment of graphics processing units (GPUs), representing approximately 25 MW of IT load.
A second facility of up to SAR 1.4 billion (USD 373.3 million), will finance the development of substations, transmission infrastructure and grid connections to support HUMAIN’s AI data centers in Saudi Arabia. The planned power infrastructure is designed to support future data center development with up to 1 GW of IT capacity, helping create the conditions for investment by developers, hyperscalers and institutional investors.
