Riyadh – Sharikat Mubasher: HUMAIN and the National Infrastructure Fund (Infra) announced a strategic financing framework agreement of up to $1.2 billion, aiming to boost the expansion of AI and digital infrastructure projects in Saudi Arabia.

The agreement was unveiled on the sidelines of the World Economic Forum (WEF) Annual Meeting 2026 in Davos, Switzerland.

Under the non-binding framework, the financing will support HUMAIN’s plans to develop up to 250 megawatts of hyperscale AI data center capacity across the Kingdom. The facilities are expected to deploy advanced GPUs to enable AI training and inference, serving local, regional, and global customers.

The two entities also agreed to explore the creation of an AI data center investment platform, anchored by HUMAIN and Infra, aimed at attracting both local and international institutional investors to further scale HUMAIN’s AI infrastructure strategy.

Tareq Amin, HUMAIN’s Chief Executive Officer, indicated that growing demand for advanced computing is intensifying and that the partnership positions the company to scale quickly and efficiently. Meanwhile, Esmail Alsallom, Chief Executive Officer of Infra, noted that the agreement marks a step forward in unlocking new infrastructure investment opportunities and supporting the growth of the Kingdom’s digital economy.