RIYADH: Saudi Telecom Co. has signed an agreement with Public Investment Fund-backed firm Future Artificial Intelligence Co., also known as Humain, to launch a joint venture to develop and operate data centers dedicated to artificial intelligence in the Kingdom.
According to a Tadawul statement, Humain will hold a 51 percent stake in the JV with stc responsible for the remaining 49 percent.
Under the newly sealed six-year memorandum of understanding, the data center, which will be established through stc’s subsidiary Digital Data and Communications Centers, also known as center3, will be built with advanced infrastructure and can handle up to 1 gigawatt of power, starting with an initial capacity of 250 megawatt, depending on customer contracts.
The move underscores stc’s commitment to advancing Saudi Arabia’s digital future and aligns with Vision 2030 by localizing advanced digital infrastructure, accelerating AI development, and strengthening the Kingdom’s position as a regional digital hub.
It also falls in line with the National Strategy for Data and AI goals to position the Kingdom among the top 10 countries in the open data index and among the top 20 countries in peer-reviewed data and AI publications by 2030.
