Saudi Arabia launches $3 billion data centre push

Partnerhsip between Humain and AirTrunk will “accelerate Saudi Arabia’s technological advancement”. Image: Adobe Stock

Humain is owned by Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), which is responsible for funding and oversight on most of the country’s construction megaprojects.

AirTrunk is backed by Blackstone, the world’s largest alternative asset manager, and Canada Pension Plan Investment Board.

In a press release the two companies said that the collaboration aligns with Humain’s mandate to position the Kingdom as a global leader in AI and reinforces its commitment to building best-in-class digital and AI infrastructure.

Through this partnership, Humain will lead national efforts to deliver large-scale, AI-ready infrastructure, while Blackstone, the world’s largest data center investor, and its portfolio company AirTrunk, will lead development, bringing global expertise, operational excellence, and investment capacity.

“This partnership marks a pivotal moment in creating scalable, secure, and sustainable data centre capacity to support the rapid growth of AI and cloud computing,” said Tareq Amin, CEO, Humain.

“This initiative not only accelerates Saudi Arabia’s technological advancement but also establishes a platform for long-term economic diversification and global competitiveness.”