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Alternative Assets  + Real Assets  |  October 29, 2025
HUMAIN and AirTrunk Partner to Build $3B AI Data Center Campus in Saudi Arabia 
Joe Palmisano
By: Joe Palmisano

HUMAIN and AirTrunk Partner to Build $3B AI Data Center Campus in Saudi Arabia 

HUMAIN, a global artificial intelligence company headquartered in the Kingdom of Saudi Arabia, has entered a strategic partnership with AirTrunk, a leading hyperscale data center platform in the Asia Pacific region, to develop state-of-the-art data centers in the Kingdom. The first project under this alliance represents an investment of approximately $3 billion for a flagship data center campus in Saudi Arabia. 

HUMAIN is owned by the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, while AirTrunk is backed by Blackstone and the Canada Pension Plan Investment Board. 

“This partnership marks a pivotal moment in creating scalable, secure, and sustainable data center capacity to support the rapid growth of AI and cloud computing,” said Tareq Amin, CEO of HUMAIN. 

The partnership will span several strategic areas, including data center design, construction, and operation; financing through equity and debt; and coordinated go-to-market initiatives aimed at attracting global hyperscalers and enterprise clients. A core focus will also be on nurturing local talent and building domestic technical capabilities to support the Kingdom’s long-term AI and digital ecosystem. 

“We’re bringing together the whole digital ecosystem—combining HUMAIN’s end-to-end AI expertise, from infrastructure to models, with AirTrunk’s leading hyperscale data center capabilities,” added Robin Khuda, founder and CEO of AirTrunk. 

Get real-time insights into the Canadian alternative investment market by attending the Connect Alternative Investments event on November 13. Hear from top leaders on Alternative Assets topics and join us for high-value networking. Spaces are limited—reserve your spot today!  CONNECTALTINV2025.COM 

Read More News Stories About: Blackstone
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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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