The National Infrastructure Fund (Infra) and Humain, a Saudi PIF company providing comprehensive artificial intelligence solutions worldwide, announced the signing of two financing agreements amounting to SAR2.5 billion ($667 million) to aid in the deployment of AI computing and the advancement of essential power infrastructure in Saudi Arabia.
The facilities represent the initial transactions revealed as part of Infra’s AI Data Center Financing Program. They expand upon the strategic financing framework introduced by Infra and Humain at Davos in January 2026, detailing non-binding financing conditions of up to SAR4.5 billion ($1.2 billion) to aid AI and digital infrastructure initiatives in the Kingdom.
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The contracts were executed in Riyadh with Yasir Al-Rumayyan, Governor of the Public Investment Fund, Faisal bin Fadhil Alibrahim, Minister of Economy and Planning and Chairman of Infra’s Board, and Abdulaziz Alarifi, Governor of the National Development Fund, in attendance.
The facilities represent the initial transactions revealed under Infra’s AI Data Center Financing Program. They expand on the strategic financing framework presented by Infra and Humain at Davos in January 2026, detailing non-binding financing conditions of up to SAR4.5 billion ($1.2 billion) to back AI and digital infrastructure initiatives in the Kingdom.
The GPU financing program, amounting to SAR1.1 billion ($293.3 million), will assist in the acquisition and implementation of graphics processing units (GPUs), which correspond to around 25 MW of IT demand.
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A second facility of up to SAR1.4 billion ($373.3 million) will support the development of substations, transmission infrastructure, and grid connections for Humain’s AI data centers in Saudi Arabia.
On the deal, Eng. Esmail bin Mohammed Alsallom, Chief Executive Officer of Infra says, “Through these agreements, we aim to unlock investment well beyond Infra’s own commitment. Supporting Humain’s computing deployment alongside essential power infrastructure helps prepare a broader pipeline of data center projects for investment.”
The proposed power infrastructure aims to facilitate future data center expansion with up to 1 GW of IT capacity, fostering an environment conducive to investments from developers, hyperscalers, and institutional investors.
“Our role is to strengthen project readiness and bankability, with commercial viability and economic value guiding how we deploy our capital. This partnership connects our priorities with commercial discipline, helping build a financing market that can attract a broader pool of private and institutional capital and sustain the local AI infrastructure growth,” he adds.
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Infra is the primary development financing partner for infrastructure in Saudi Arabia, functioning under the National Development Fund (NDF). By collaborating with commercial banks, investors, developers, and government organizations, it offers financial and advisory services that enhance project bankability, facilitate financial closure, and attract increased private sector involvement.
“These facilities with Infra will help accelerate the deployment of advanced computing capacity and the power infrastructure required to support it. At Humain, we are focused on building and operating AI infrastructure at scale, while developing the technologies and platforms that enable organizations and customers globally to put AI to work,” he adds.