Infra, HUMAIN sign two financing agreements worth SAR 2.5B

The National Infrastructure Fund (Infra) and HUMAIN signed two financing agreements totaling up to SAR 2.5 billion ($667 million) to support the provision of AI computing capacity and the development of critical energy infrastructure in Saudi Arabia.

The first financing facility, dedicated to funding graphics processing units (GPUs), is valued at up to SAR 1.1 billion ($293.3 million). It will support the purchase and provision of GPUs with approximately 25 megawatts of IT load capacity, the state-run SPA reported.

Meanwhile, the second financing facility, worth SAR 1.4 billion ($373.3 million), will support the development of critical energy infrastructure required for HUMAIN's AI data centers in the Kingdom. This includes substations, power transmission infrastructure, and facilities connecting the data centers to the electricity grid.

The infrastructure is designed to support the future expansion of data centers with IT loads of up to 1 gigawatt, providing an attractive environment for investments by data center developers, hyperscale computing operators, and institutional investors.

The two agreements represent the first financing transactions under Infra’s AI Data Center Financing Program. They also mark the first phase of implementing the strategic framework financing agreement announced by Infra and HUMAIN in Davos in January 2026, which included non-binding financing terms worth up to SAR 4.5 billion ($1.2 billion) to support AI and digital infrastructure projects in the Kingdom.