Let me explain
The National Infrastructure Fund (Infra) and HUMAIN, a Public Investment Fund company, announced on 9 November 2026 the signing of two financing agreements totaling up to SAR 2.5 billion, according to the Saudi Press Agency. The agreements were signed in Riyadh on 8 November. The first facility, of up to SAR 1.1 billion, will support the procurement and deployment of graphics processing units (GPUs), representing approximately 25 MW of IT load. The second facility, of up to SAR 1.4 billion, will finance substations, transmission infrastructure and grid connections for HUMAIN data centers. This power infrastructure is designed to support future data center development of up to 1 GW of IT capacity. The agreements are the first transactions under Infra's AI Data Center Financing Program, and the first phase of the framework announced at Davos in January 2026, which set non-binding financing terms of up to SAR 4.5 billion. What it means for engineers: the larger share of the financing goes to power: substations, transmission and grid connections come before the data centers themselves. Has power become a harder part of building data centers than the buildings themselves?
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