Humain is preparing for an IPO and seeking global and local investors for a $2.5 billion fund to expand data centers across Saudi Arabia. CEO Tareq Amin has begun assembling experts for the listing and previously said he aimed for dual listings in Saudi Arabia and New York by 2029. Backed by the $900 billion Public Investment Fund, Humain has signed partnerships with xAI, Nvidia, Amazon Web Services, Adobe and Cisco, while targeting 1.9 gigawatts of AI computing capacity by 2030 and more than 6 gigawatts by 2034. The company is also considering a larger-than-$10 billion AI venture fund by the end of 2026 and plans to use outside capital to support construction and access to international technology and chip supply chains.