Blackstone has entered a $3 billion partnership with Humain to build and run hyperscale data centers across Saudi Arabia, according to Bloomberg. The venture, unveiled at the Future Investment Initiative in Riyadh, positions the kingdom for rapid growth in AI and cloud infrastructure.
Under the deal, Blackstone-owned AirTrunk will work with Humain on financing, construction, and operations, Bloomberg reported. Humain CEO Tareq Amin called the tie-up a pivotal step toward the country’s AI ambitions
, with additional backers such as BlackRock, KKR, and DigitalBridge expected to join.
The partnership follows a non-binding agreement for Saudi Aramco to acquire a significant minority stake in Humain, underscoring alignment between the kingdom’s technology and energy strategies, Bloomberg reported.
Blackstone has rapidly expanded in digital infrastructure. It bought AirTrunk for about $16 billion in 2024, contributing to a $25 billion global data center platform spanning Australia, Singapore, Japan, Hong Kong, and Malaysia, according to Bloomberg. Speaking at FII, CEO Stephen Schwarzman highlighted AI and data centers as compelling investments while cautioning that power constraints could cap growth.
