Saudi Arabia aims to become world’s largest AI token exporter: Humain CEO

Tareq Amin, CEO of Humain, said the Kingdom has the necessary resources to establish itself as a global AI powerhouse.
Short Url
Updated 10 February 2026
Follow

Saudi Arabia aims to become world’s largest AI token exporter: Humain CEO

RIYADH: Saudi Arabia is aiming to become the world’s largest exporter of artificial intelligence tokens as it accelerates efforts to position itself as a regional and global technology hub, according to a senior executive.

Speaking at the PIF Private Sector Forum, Tareq Amin, CEO of Humain, said the Kingdom has the necessary resources including abundant energy supplies and strong geographic connectivity to establish itself as a global AI powerhouse.

His remarks align with Saudi Arabia’s Vision 2030 strategy, which seeks to transform the Kingdom into a leading regional technology hub by the end of the decade.

Humain “is a company that has an ambition to become a global player in this important space. We are an AI total value chain company. Focussed from Humain core, which is our data centers. These are not small data centers. We are talking about gigawatt capacity,” Amin said.

He emphasized the critical role of energy in artificial intelligence development, adding: “AI is an energy game. We have power, energy affordability and abundance, connectivity, land, and water. We have all that it needs to translate Saudi Arabia to the world’s largest AI token exporter.”

Amin also revealed that Saudi Arabia plans to launch and commercialize its own operating system in the coming months, potentially becoming the third country after the US and China to do so.

“One thing I was deciding, whether to show you this here, but we have a big event coming in LEAP and we will commercialize this. In the last meeting that we had with Crown Prince Mohammed bin Salman, he was referring to operating systems, whether using Windows or Mac,” he said.

“Saudi Arabia will be the first country outside the US and China that will commercialize its own operating system,” Amin added.

In January, Humain agreed to a financing framework of up to $1.2 billion to expand AI and digital infrastructure across the Kingdom. The non-binding agreement outlines financing terms to develop up to 250 megawatts of AI data center capacity to serve Humain’s local, regional, and global customers.

In December, the company partnered with Saudi Telecom Co. to form a joint venture focused on developing and operating AI-driven data centers in Saudi Arabia. According to a Tadawul filing, Humain will hold a 51 percent stake in the venture, while stc will own the remaining 49 percent.


G7 countries to release oil reserves in global push to tackle Iran war energy price surge 

Updated 8 sec ago
Follow

G7 countries to release oil reserves in global push to tackle Iran war energy price surge 

  • IEA expected to recommend the largest oil reserve release in the agency’s history

RIYADH: Germany, the US, Japan and Austria will release part of their oil reserves after the International Energy Agency recommended the release of 400 million barrels of oil ‌from stockpiles, the largest ‌such move in IEA ​history.

Germany’s Economy ⁠Minister ​Katherina Reiche ⁠confirmed on Wednesday the government plans to limit petrol price increases at filling stations to once a day and to introduce more stringent antitrust regulation of the sector.

She did not ⁠give an exact timing for ‌those measures, but added that ‌the US and ​Japan would be the ‌largest contributors to the release of the ‌oil reserves.

The announcements did not stop oil prices rising, with Brent crude up 3.26 percent to $90.66 a barrel at 4:29 p.m Saudi time, and West Texas Intermediate up 3.12 percent to $86.05. Both were some way below the $119 a barrel seen earlier in the week.

“The situation regarding oil supplies is tense, as the Strait of Hormuz is currently virtually impassable,” Reiche said.

“We will comply with this request and ‌contribute our share, because Germany stands behind the IEA’s most important principle: mutual ⁠solidarity,” Reiche ⁠said about the IEA’s request.

According to a statement by Reiche’s ministry, Germany will contribute 2.64 million tonnes of oil. This corresponds to 19.51 million barrels.

Reiche stressed there was no supply shortage in the country, which has a legally mandated reserve of oil and oil products intended to cover 90 days’ demand.

The IEA’s move comes as countries are grappling with ​soaring crude prices amid ​the US-Israeli war with Iran. 

Austrian Economy Minister Wolfgang Hattmannsdorfer said his country was releasing part of the emergency oil reserve and extending the national strategic gas reserve, adding: “One thing is clear: in a crisis, there must be no crisis winners at the expense of commuters and businesses.”

Acting ahead of the IEA move, G7 ​member Japan announced plans to release 15 days' worth of ‌private-sector oil reserves and one month's worth of state oil reserves.

“Rather than wait for formal IEA approval ‌of a coordinated international reserve release, Japan will act first to ease global energy market supply and demand, releasing reserves as early as the 16th of this month,” Prime Minister Sanae Takaichi said in a broadcast statement.