Humain, Infra sign $667m financing deals to expand Saudi AI infrastructure

RIYADH: Saudi artificial intelligence company Humain has secured financing agreements worth up to SR2.5 billion ($667 million) from the National Infrastructure Fund, or Infra, to expand computing capacity and build power infrastructure for data centres in the Kingdom. The agreements build on a framework announced in Davos in January that outlined non-binding financing terms of up to $1.2 billion for the development of up to 250 megawatts of AI data centre capacity.

Signed in Riyadh, the latest agreements are the first financing transactions under the fund’s AI Data Center Financing Program and build on the January framework, according to the Saudi Press Agency. The deals come as Saudi Arabia accelerates its push to become a regional hub for AI, investing in data centres, computing infrastructure and advanced AI models.