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Switchgear & Transformers

HUMAIN signs up to SAR 2.5 billion of financing with Saudi Arabia's National Infrastructure Fund for GPUs and grid connections

. Source published 9 Nov 2026. Original reporting: HUMAIN (press release) (opens in a new tab).

What changed

HUMAIN and the National Infrastructure Fund (Infra) announced on 9 November two financing agreements of up to SAR 2.5 billion (about US$667 million), signed in Riyadh on 8 November and the first under Infra's AI Data Center Financing Program. A GPU facility of up to SAR 1.1 billion (US$293.3 million) funds the purchase and deployment of GPUs representing about 25 MW of IT load. A second facility of up to SAR 1.4 billion (US$373.3 million) funds substations, transmission and grid connections for HUMAIN's data centres, designed to support up to 1 GW of IT capacity in future (a design capacity, not built). The deals follow non-binding terms of up to SAR 4.5 billion agreed at Davos in January 2026.

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Read the original: HUMAIN (press release): HUMAIN signs up to SAR 2.5 billion of financing with Saudi Arabia's National Infrastructure Fund for GPUs and grid connections (opens in a new tab)
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