🇸🇦 Saudi Arabia: AI money in and out
Saudi Arabia sent $29.5B and received $1B in AI deals since Nov 2024. Main players: HUMAIN, PIF, Aramco, Saudi Government, Infra (Arabia Saudita). Full deal list. Updated Nov 9, 2026.
Companies
HUMAIN
PIF
Aramco
Saudi Government
Infra (Arabia Saudita)
MISFlows with other countries
- 🇸🇦 Saudi Arabia → 🇺🇸 United States$29.5B
- 🇺🇸 United States → 🇸🇦 Saudi Arabia$1B
Deals involving Saudi Arabia
Deal closed: Aramco takes 49% of HUMAIN for about $2.6B in cash plus AI and compute assets; PIF keeps 51%.
At LEAP 2026 Together AI signs with HUMAIN for a new 250 MW Saudi data centre, using HUMAIN compute with a revenue share.
HUMAIN expands its AI data centre design-and-build contract with Saudi-listed MIS from 50 MW to 250 MW, valued at about $2.33B.
Under a non-binding MoU, I Squared Capital will deploy up to $2B in PIF assets, up to $1B of it in digital infrastructure.
Saudi PIF's AI company puts $3B into xAI's Series E shortly before the SpaceX merger, taking a minority stake.
Saudi Arabia's National Infrastructure Fund signs a framework agreement in Davos for up to $1.2 billion to fund 250 MW of AI data centers for HUMAIN (PIF).
Announced at the US-Saudi forum: HUMAIN will host a 500 MW data center for xAI with Nvidia chips.
HUMAIN-led JV for up to 1 GW of data centers by 2030; first 100 MW with MI450 chips, capacity already contracted by Luma AI.
Cisco supplies the network for the Saudi AI JV and shares profits and losses as a minority partner.
At the US-Saudi forum HUMAIN announces up to 600,000 Nvidia GB300 GPUs in Saudi Arabia and the US over three years; xAI is the first customer.
AWS and HUMAIN expand their deal: up to 150,000 accelerators (Nvidia GB300 and Trainium) in Riyadh's AI Zone, AWS becoming HUMAIN's preferred AI partner.
HUMAIN will deploy 200 MW of Qualcomm AI200/AI250 racks for inference from 2026; Qualcomm shares rise 22%.
HUMAIN (Saudi Arabia) and AMD commit to developing 500 MW of AI infrastructure by 2030.
The AI vehicle of Saudi fund PIF announces AI factories of up to 500 MW with 'several hundred thousand' Nvidia GPUs; no amount disclosed.
AWS and HUMAIN jointly invest more than $5B in a Saudi 'AI Zone' with dedicated AWS infrastructure, UltraClusters and Bedrock.
Google Cloud and PIF fund a $10B global AI hub in Dammam, launched with HUMAIN, bringing Gemini, GPUs and TPUs to the Kingdom.
Saudi Arabia commits $1.5 billion to Groq to expand the Dammam inference data center with Aramco Digital.