At a glance
- The GPU facility, of up to SAR 1.1 billion ($293.3 million), supports procurement and deployment of GPUs with about 25MW of IT load.
- For allocators weighing Gulf data center exposure, the split is the reference point: the larger facility finances substations, transmission and grid connections, while the smaller supports GPU procurement and about 25MW of IT load.
- Infra chief executive Esmail Bin Mohammed Alsallom said the agreements are intended to draw capital beyond the fund's own commitment.
Humain, the PIF-owned AI company, and Saudi Arabia's National Infrastructure Fund (Infra) signed two financing agreements totaling SAR 2.5 billion ($667 million) for Humain's data center buildout, Data Center Dynamics reported Nov. 14.
Both facilities are the first under Infra's AI Data Center Financing Program. The GPU facility, of up to SAR 1.1 billion ($293.3 million), supports procurement and deployment of GPUs with about 25MW of IT load. The second, of up to SAR 1.4 billion ($373.3 million), finances substations, transmission infrastructure and grid connections for Humain's Saudi data centers.
For allocators weighing Gulf data center exposure, the split is the reference point: the larger facility finances substations, transmission and grid connections, while the smaller supports GPU procurement and about 25MW of IT load. The two facilities separate power delivery from compute capacity.
Infra chief executive Esmail Bin Mohammed Alsallom said the agreements are intended to draw capital beyond the fund's own commitment. "Our role is to strengthen project readiness and bankability, with commercial viability and economic value guiding how we deploy our capital," he said.
The two parties signed non-binding financing terms of up to SAR 4.5 billion ($1.2 billion) in January 2026. Earlier this month Saudi Aramco acquired a 49% stake in Humain; PIF holds the remaining 51%. Humain is set to take capacity at the Oxagon data center under development in Neom's industrial district. Oxagon capacity is due online in phases from the fourth quarter of 2027, as Private Wealth Daily previously reported.
Humain's 1GW target is 40 times the IT load the GPU facility supports, and the company has said it holds more than 200 plots of land for potential data centers.
Our role is to strengthen project readiness and bankability, with commercial viability and economic value guiding how we deploy our capital.Esmail Bin Mohammed Alsallom, chief executive of the National Infrastructure Fund
Reported by the Data centers & fiber desk from Data Center Dynamics. Published . Corrections