Humain eyes up to $3B fund to build data centers across Saudi Arabia

Saudi Arabia’s Humain is not thinking small. The Public Investment Fund-owned AI company, launched in May 2025 under Crown Prince Mohammed bin Salman, is reportedly working to establish a fund of up to $3 billion dedicated to expanding its data center footprint, adding to a financing push that already spans Goldman Sachs, the National Infrastructure Fund, and a growing list of strategic partners. The scale is genuinely hard to overstate Humain’s stated goal is 6 GW of AI data center capacity by 2034, with an interim target of 1.9 GW by 2030. For context, a single gigawatt can power roughly 750,000 average US homes. Humain is planning to dedicate multiples of that to training AI models. The company has already secured land access for up to 14 GW of power across 211 plots, suggesting the infrastructure groundwork is well underway rather than purely aspirational. On the financing side, the company locked in a $1.2B framework with Saudi Arabia’s National Infrastructure Fund in January 2026, earmarked for 250 MW of capacity. Goldman Sachs is advising on a separate financing package potentially exceeding $5.33B, covering both data centers and GPU procurement. Partnerships, contracts, and...