Saudi Arabia’s AI company Humain is planning to raise $2.5 billion for a new investment fund focused on data-centre development, as the kingdom accelerates efforts to build the computing infrastructure needed to support its growing artificial intelligence ambitions.
The planned fund would give Humain another financing route as it expands its presence across the AI infrastructure sector. Backed by Saudi Arabia’s Public Investment Fund (PIF), Humain is positioning data centres and high-performance computing capacity as a central part of the country’s broader technology strategy.
According to people familiar with the plan, the initial $2.5 billion fund would help finance around 250 megawatts of data-centre capacity being developed through a partnership between Humain and Saudi IT services company Al Moammar Information Systems.
The project could become much larger, with plans allowing the capacity to expand to as much as 1 gigawatt. The proposed investment vehicle is expected to bring additional capital into projects designed to meet rising demand for AI computing.
PIF launched Humain in May 2025 with a mandate covering much of the AI value chain, including data centres, cloud infrastructure, AI models and applications. The company has since announced partnerships with major technology firms and chipmakers as Saudi Arabia seeks to establish itself as a global AI hub.
The company is already pursuing several large-scale infrastructure projects. In August, Humain partnered with DataVolt to develop a data centre at Oxagon, part of the NEOM development on Saudi Arabia’s Red Sea coast. The first phase is planned to provide about 100MW of capacity.
Humain has also been linked to plans for several gigawatts of AI data-centre capacity across Saudi Arabia. These projects are intended to serve both domestic and international customers as demand for advanced computing continues to grow.
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For Humain, securing outside capital could allow the company to accelerate construction while spreading the cost of its ambitious infrastructure program. It also creates a potential pathway for institutional investors to gain exposure to the kingdom’s expanding AI infrastructure market.
As Saudi Arabia works to diversify its economy under Vision 2030, Humain is emerging as a key vehicle for building that infrastructure and attracting technology companies to the kingdom. The proposed fund could become another important step in that effort.