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Saudi aims for $2.5B fund for data centers
Humain, a Saudi company, aims to raise $2.5 billion from investors to build data centers starting with a capacity of 250 MW, potentially reaching one gigawatt in the future, to support its expansion into artificial intelligence in Saudi Arabia. The fund will be managed by PSP Capital and financed through a mix of debt and equity, following approval from the Capital Market Authority, with an expected timeline of two to three months. This plan is part of Saudi Arabia's efforts to boost investments in artificial intelligence and strengthen its technological infrastructure, as part of a broader strategy to diversify the economy and establish a leading position in this field.
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