Saudi Arabia's state-backed AI company Humain has secured financing of up to $1.2 billion from the National Infrastructure Fund. The agreement, announced at the World Economic Forum in Davos on January 21, 2026, will fund 250 megawatts of new AI data center capacity across the kingdom.
Humain is chaired by Crown Prince Mohammed bin Salman and led by CEO Tareq Amin, formerly of Rakuten and NEOM. The company has already signed major partnerships with Elon Musk's xAI and Blackstone-backed AirTrunk for data center development.
The ambitious target: 6 gigawatts of computing capacity by 2034. Humain plans to build massive AI factories delivering up to 500 megawatts each—housing hundreds of thousands of NVIDIA GPUs for model training and enterprise applications. The infrastructure will support "sovereign" AI models, keeping data processing within Saudi borders.