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Reuters
Wed, January 21, 2026 astatine 5:23 AM CST 1 min read
ABU DHABI, Jan 21 (Reuters) - Saudi Arabia's National Infrastructure Fund and Humain, the kingdom's artificial quality company, announced a financing statement of up to $1.2 cardinal connected Wednesday to enactment the enlargement of AI and digital infrastructure successful the country.
The statement outlines non-binding financing presumption for the improvement of up to 250 megawatts of AI information centre capableness to enactment Humain's customers, and was announced successful Davos, Switzerland, according to a statement.
The world's apical lipid exporter is seeking to accelerate its AI improvement to capitalise connected monolithic request for computing power, arsenic portion of a broader effort to diversify income sources and economical enactment distant from hydrocarbons.
Humain, established last twelvemonth and afloat owned by the Public Investment Fund, is expected to pb nationalist efforts to this end. It has secured respective agreements including deals with Elon Musk's xAI and Blackstone-backed AirTrunk for information centre projects successful the country, and is targeting a capableness of about 6 gigawatts by 2034.
Infra, portion of Saudi Arabia's National Development Fund, and Humain besides agreed to explore a imaginable AI information centre concern platform, which they volition jointly anchor, designed to assistance global and section organization investors enactment the maturation of Humain's AI strategy.
(Reporting by Rachna Uppal and Hadeel Al Sayegh; Editing by Philippa Fletcher)
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