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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 
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 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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