{"id":18270,"date":"2026-01-22T07:02:49","date_gmt":"2026-01-22T01:32:49","guid":{"rendered":"https:\/\/thecatalystonline.com\/?p=18270"},"modified":"2026-08-07T21:59:21","modified_gmt":"2026-08-07T16:29:21","slug":"saudi-arabia-moves-to-expand-ai-infrastructure-with-new-financing","status":"publish","type":"post","link":"https:\/\/thecatalystonline.in\/thecatalyst\/saudi-arabia-moves-to-expand-ai-infrastructure-with-new-financing\/","title":{"rendered":"Saudi Arabia moves to expand AI infrastructure with new financing"},"content":{"rendered":"\r\n<p><a title=\"OpenText strengthens Saudi Arabia commitment with new HQ\" href=\"https:\/\/thecatalystonline.in\/home\/opentext-strengthens-saudi-arabia-commitment-with-new-hq\/\" target=\"_blank\" rel=\"noopener\">Saudi Arabia&#8217;s<\/a> National Infrastructure Fund and <a title=\"Humain\" href=\"https:\/\/www.humain.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Humain<\/a>, the kingdom&#8217;s artificial intelligence company, announced a financing agreement of up to $1.2 billion on Wednesday to support the expansion of AI and digital infrastructure in the country.<\/p>\r\n\r\n\r\n\r\n<p>The agreement outlines non-binding financing terms for the development of up to 250 megawatts of AI data centre capacity to support Humain&#8217;s customers, and was announced in Davos, Switzerland, according to a statement.<\/p>\r\n\r\n\r\n\r\n<p>The world&#8217;s top oil exporter is seeking to accelerate its AI development to capitalise on massive demand for computing power, as part of a broader effort to diversify income sources and economic activity away from hydrocarbons.<\/p>\r\n\r\n\r\n\r\n<p>Humain, established last year and fully owned by the Public Investment Fund, is expected to lead national efforts to this end. It has\u00a0secured several agreements\u00a0including deals with Elon Musk&#8217;s xAI and Blackstone-backed AirTrunk for data centre projects in the country and is targeting a capacity of about\u00a06 gigawatts by 2034.<\/p>\r\n\r\n\r\n\r\n<p>Infra, part of Saudi Arabia&#8217;s National Development Fund, and Humain also agreed to explore a potential AI data centre investment platform, which they will jointly anchor, designed to help global and local institutional investors support the growth of Humain&#8217;s AI strategy.<\/p>\r\n\r\n\r\n\r\n<p>Content Courtesy &#8211; Reuters<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia\u2019s National Infrastructure Fund and Humain signed a financing deal of up to $1.2B to expand AI and digital infrastructure across the kingdom.<\/p>\n","protected":false},"author":2,"featured_media":25978,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[88,67,71,87],"tags":[],"class_list":["post-18270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","category-market-watch","category-partnership","category-tech-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi Arabia moves to expand AI infrastructure with new financing - Latest Tech News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thecatalystonline.in\/thecatalyst\/saudi-arabia-moves-to-expand-ai-infrastructure-with-new-financing\/\" \/>\n<meta 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