MIS signs $500M AI data centre contract with HUMAIN
Deal expected to have a positive financial impact in MIS starting from Q2 2026
#SaudiArabia #datacentres – Public Investment Fund-owned AI company HUMAIN has signed a data centre design and build contract valued at an estimated 1.88 billion Saudi riyals* ($501 million) to Riyadh-based Al Moammar Information Systems Co. (MIS). In a statement made via Saudi Exchange, MIS said the12-month contract exceeds 155 percent of MIS’s total 2024 revenues of SR1.21 billion, is expected to deliver a positive financial impact from Q2 2026. First announced in December, the new contract forms part of HUMAIN’s rapidly expanding AI infrastructure business which aims to position the Kingdom as a global AI hub.
SO WHAT? – A single contract worth more than one and a half times a company’s entire annual revenue is a striking indicator of the scale and pace of Saudi Arabia’s AI infrastructure investment. To-date, most of HUMAIN’s data centre announcements have been made with global AI infrastructure players such as AMD, Groq, NVIDIA and Qualcomm. So, this high value deal is also significant, because it is made with a leading national technology company. For MIS the contract could turn out to be transformational, fundamentally changing the company’s scale and profile as an AI infrastructure delivery partner.
Here are the key points about this contact:
HUMAIN has signed MIS a contract estimated at 1.88 billion Saudi riyals* (or $501 million) to design and build a dedicated AI-focused private data centre. Originally announced in December, the deal value is the equivalent of more than 155% of MIS’s total 2024 revenues of SR1.21 billion, making it one of the largest single contracts in the Saudi IT sector’s history.
According to the MIS statement made via Saudi Exchange, the contract has a duration of 12 months with a positive financial impact on MIS expected to begin from Q2 2026. The MIS contract does not involve any related parties and was formally signed on 15 February 2026.
MIS brings over four decades of IT solutions experience to the project. Established in 1979, the company has built a portfolio spanning security, network, data management, systems integration and geographic information systems across Saudi Arabia’s public and private sectors.
HUMAIN operates across four core areas: next-generation data centres, hyper-performance infrastructure and cloud platforms, advanced AI models including Arabic large language models, and sector-specific AI solutions combining industry insight with real-world execution capability.
HUMAIN previously received a Development Commencement Notice from Saudi Data Centres Fund 1 in November 2025 to expand existing data centre capacity, starting with 72 megawatts out of a total planned 112 megawatts, at a projected cost of $800 million.
Earlier in February 2026, HUMAIN and stc (Saudi Telecom Company) announced a joint venture to develop and operate AI-dedicated data centres in the Kingdom. HUMAIN will hold a 51% stake and stc will hold a 49% stake via its data centre subsidiary center3,. The joint venture targets an initial capacity of 250 megawatts with infrastructure capable of supporting up to one gigawatt of power.
Saudi Arabia ranked fifth globally and first in the Arab region for growth in the AI sector according to the Global AI Index, reflecting the Kingdom’s rapid progress under its Vision 2030 economic diversification strategy.
* This contract value estimate came via Zawya Projects.
[Written and edited with the assistance of AI]