Saudi AI company Humain has secured financing agreements worth up to 2.5 billion riyals ($667 million) from the National Infrastructure Fund, known as Infra, to expand computing and power infrastructure for its data centres in the Kingdom, according to the Saudi Press Agency via Arab News. The package splits into a facility of up to 1.1 billion riyals for buying and deploying graphics processing units, about 25 megawatts of IT load, and a facility of up to 1.4 billion riyals for power infrastructure including substations, transmission and grid connections, designed to support expansion to as much as 1 gigawatt of IT load.
The agreements are the first transactions under Infra’s AI Data Center Financing Program and build on a January framework that outlined up to $1.2 billion for as much as 250 megawatts of capacity. Humain, which is 51 percent owned by the Public Investment Fund after Aramco took a 49 percent stake on November 1, says it plans 3 gigawatts of AI data centre capacity by 2030.