Saudi sovereign-backed entity Humain is seeking $2.5 billion in funding to finance the construction of new AI data centers in the Kingdom.

Humain is lining up an initial $2.5 billion from international and local backers for a Saudi data center investment vehicle, according to people familiar with the matter. The fund would support 250 megawatts of capacity that Humain is developing alongside Al Moammar Information Systems Co., with plans to scale up to 1 gigawatt as projects ramp.

Earlier this week, Chief Executive Officer Tareq Amin confirmed that a fund was in development, though he did not disclose its target size. Per sources, BSF Capital will manage the vehicle. The Saudi investment bank plans to begin soliciting investors only after securing approval from the Capital Market Authority, a regulatory process expected to take two to three months. The financing structure will combine both debt and equity.

Spokespeople for Humain, Al Moammar Information Systems, and BSF Capital declined to comment.

The initiative aligns with a broader Saudi artificial intelligence strategy spearheaded by Humain, which is backed by the Public Investment Fund. This push has generated significant wealth, including substantial fortunes for the two brothers who control Al Moammar Information Systems. Across the Gulf, energy-rich states are deploying billions into AI infrastructure and technology. According to Bloomberg News, Abu Dhabi-based G42 has also entered preliminary discussions to raise billions of dollars.

Founded in 2025, Humain has been securing deals to build the compute and infrastructure required to train and run AI models. That same year, the company outlined a $10 billion venture capital program aimed at investing in startups globally.

If Saudi data center expansions meet these targets, they will deliver substantial new capacity to power AI workloads. This translates to increased demand for electricity, servers, and connectivity, alongside longer-term contracts for builders and operators. Ultimately, it creates a stronger gravitational pull for capital into physical infrastructure. For observers tracking where the AI economy is materializing, these foundational networks and power systems are what make everything else possible.