Tareq Amin, CEO of Saudi Arabia’s largest A.I. company, Humain, has been on a dealmaking blitz since taking the helm of the Kingdom’s national A.I. initiative last year. His latest move: a $3 billion investment in Elon Musk’s xAI. The investment was made during xAI’s $20 billion fundraising round in January, Humain announced today (Feb. 18). The raise came just weeks before xAI merged with Musk’s SpaceX earlier this month, as Musk consolidates his A.I., communications and space ambitions ahead of a widely anticipated IPO.
Founded in 2025 by Crown Prince Mohammed Bin Salman and backed by Saudi Arabia’s massive sovereign wealth fund, the Public Investment Fund. Humain sits at the center of the Kingdom’s push to diversify its economy beyond oil. A core part of that mandate: building sovereign A.I. infrastructure at home.
The xAI stake is the latest example of Humain’s ability to “deploy meaningful capital behind exceptional opportunities where long-term vision, technical excellence and execution converge,” said Amin in a statement. Amin, who previously led Aramco Digital and Japan’s Rakuten Mobile, has spent the past several months striking blockbuster partnerships with U.S. tech heavyweights, including Nvidia, AMD, Cisco, Amazon Web Services and Groq (not xAI’s chatbot Grok).
Humain did not respond to requests for comment from Observer.
Most of the partnerships are focused on expanding Saudi Arabia’s data center footprint and compute capacity. A joint venture with AMD and Cisco, for example, aims to build domestic A.I. infrastructure capable of powering up to one gigawatt.
xAI’s relationship with Humain dates back to November, when the companies unveiled plans for a 500-megawatt data center in Saudi Arabia. The facility—xAI’s first outside the U.S.—will run on Nvidia chips and deploy the company’s Grok models across the Kingdom.
Humain’s deepening ties to xAI underscore a broader realignment in global A.I. alliances, with Gulf states emerging as critical capital providers and infrastructure hubs for American developers. In November, Humain and the United Arab Emirates’ A.I. company, G42, received U.S. approval to acquire up to 35,000 advanced A.I. chips each, marking a sharp reversal from earlier semiconductor export restrictions.
Other regional players are also forging closer links with U.S. firms. G42 secured a $1.5 billion investment from Microsoft and is set to help develop Stargate UAE, an A.I. compute cluster in Abu Dhabi to be operated by OpenAI and Oracle.
The Emirati-backed MGX has participated in large fundraising rounds for xAI, OpenAI and Anthropic, while Qatar’s sovereign wealth fund earlier this week joined Anthropic’s new $380 billion Series G financing—further cementing the Middle East’s growing influence over the future of A.I.
