Saudi Arabia’s state-backed AI firm Humain is set to launch a $10 billion venture capital fund dubbed Humain Ventures to invest in artificial intelligence startups across the US, Europe, and Asia. The fund is expected to launch this summer, according to CEO Tareq Amin.
Backed by the Public Investment Fund (PIF), Humain is at the center of Saudi Arabia’s push to become a global AI powerhouse, with the Crown Prince Mohammed bin Salman serving as the company’s Chairman.
Humain is currently in discussions with top US tech companies, including OpenAI, xAI, and Andreessen Horowitz, as part of its investment and collaboration strategy.
The company is also working to build a next-generation AI ecosystem, focusing on cloud platforms, advanced data centres, and Arabic language models.
According to a Financial Times report, Humain has already signed $23 billion worth of deals with major players like Nvidia, AMD, AWS, and Qualcomm, a significant step toward its Vision 2030 goals.
Humain Ventures Data Centre Expansion Set to Hit 6.6GW
Humain is also investing heavily in infrastructure. It plans to build 1.9 gigawatts of data center capacity by 2030, scaling up to 6.6GW by 2034, a project that could cost up to $77 billion. The first phase includes a 50-megawatt plant powered by 18,000 Nvidia chips.
Amin added that the company is open to having a US tech firm as an equity partner in its data centre ventures, although no names have been confirmed yet.
This massive fund and infrastructure buildout could reshape opportunities for tech startups in the MENA region. With capital, partnerships, and cutting-edge AI infrastructure now closer to home, startups in Saudi Arabia and beyond will have better access to funding, compute power, and global networks.
Whether you’re building AI models, cloud-based tools, or data-driven platforms, the ripple effects of Humain’s strategy could create faster scale-up paths, deeper collaborations, and more investor interest across the MENA startup scene.
