Saudi Arabia’s HUMAIN plans to launch a global venture capital fund in 2026 that could exceed the US$10 billion vehicle previously proposed by the Public Investment Fund-owned AI company.
According to Semafor, HUMAIN CEO Tareq Amin said the fund will maintain offices in Saudi Arabia, the United States, France and the United Kingdom. Companies receiving investment will be expected to place computing workloads in Saudi data centres or establish teams inside the Kingdom.
HUMAIN is also creating HUMAIN Limitless, an initiative focused on supporting Saudi AI companies. The strategy connects venture financing with domestic infrastructure demand, talent development and economic diversification.
This matters because HUMAIN is building more than an investment portfolio. The company has announced plans for six gigawatts of AI data-centre capacity in Saudi Arabia by 2034 and secured a 16-gigawatt power commitment from the Ministry of Energy. Amin warned that power availability may remain insufficient for anticipated AI demand.
For geothermal infrastructure, this represents an opening. Every company encouraged to move computing into Saudi Arabia adds demand for electricity, high-density cooling and resilient thermal systems. Conventional cooling becomes expensive and water-intensive when ambient temperatures rise, particularly at gigawatt scale.
Geothermal infrastructure can supply baseload power and stable subsurface temperatures for cooling, reducing exposure to extreme heat, grid constraints and water scarcity. It could also support hardened data-centre campuses designed as critical national infrastructure.
HUMAIN’s fund may finance the companies driving AI growth. Saudi Arabia must finance the energy and cooling systems that make that growth physically possible.
Source: Semafor, “Saudi AI Firm HUMAIN to Launch Giant Global VC Fund This Year,” September 3, 2026.
