stc Signs MoU with HUMAIN for AI Data Centers in Saudi Arabia

Saudi Telecom Company (stc) announced the signing of a Memorandum of Understanding (MoU) with Future of Artificial Intelligence Company (HUMAIN) to establish a joint venture through its subsidiary, Digital Data and Communications Centers Company (Center3). The joint project aims to develop and operate dedicated AI data centers in the Kingdom of Saudi Arabia, according to a disclosure published on Tadawul (TASS).

The MoU was signed on 27 Jumada Al-Akhirah 1447 AH, corresponding to December 18, 2025, and focuses on creating a high-capacity advanced digital infrastructure, with an operational capacity of 1 gigawatt to support data center operations, and an initial capacity of 250 megawatts expandable based on contractual commitments with clients.

The current structure of the joint venture includes HUMAIN acquiring a 51% stake, while stc holds 49%, reflecting a strategic partnership that combines Center3's extensive operational expertise and leadership in the data center sector and regional connectivity networks with HUMAIN's strategic role in enhancing integrated capabilities within advanced technology and AI systems.

stc clarified that the project lays a foundation for a high-capacity, low-latency infrastructure, which is a crucial element in the AI era, contributing to enabling advanced applications and intensive computing within the Kingdom.

This collaboration aligns with the objectives of Saudi Vision 2030, aiming to localize advanced digital infrastructure, enhance AI capabilities, and establish the Kingdom as a leading digital and technological hub in the region.

The company noted that the MoU has a duration of six months, indicating that HUMAIN is a related party, being a subsidiary of the Public Investment Fund (PIF), which holds a stake in stc.

Regarding the financial impact, stc stated that it is expected to be positive, but cannot be determined at this stage as it depends on future project plans and investment requirements, assuring that any significant developments will be announced in due course.