Politics · Malaysia Bureau
Saudi Aramco invests $2.6 billion in local AI firm Humain
Saudi Arabia's oil giant Aramco is taking a 49% stake in the homegrown artificial intelligence company Humain through a substantial cash and asset injection. The move underscores the kingdom's strategic pivot towards diversifying its economy beyond petroleum.
LSN Malaysia ·
Aramco will channel approximately US$2.6 billion in cash and assets into Humain as part of the investment, cementing a significant partnership between Saudi Arabia's energy sector and its emerging technology landscape.
The 49% stake acquisition positions Aramco as a major stakeholder in Humain, which is seeking to expand its artificial intelligence capabilities amid growing global demand for AI solutions. The investment reflects broader Saudi efforts to develop domestic technological expertise and reduce long-term reliance on oil revenues.
Humain, a Saudi-based AI company, will leverage the substantial capital infusion to accelerate its research and development initiatives, enhance its technological infrastructure, and scale its operations. The partnership combines Aramco's financial muscle and operational expertise with Humain's artificial intelligence specialisation.
This investment aligns with Saudi Arabia's Vision 2030 economic diversification strategy, which prioritises innovation and technology sectors as key growth drivers for the nation's future economy. The deal signals confidence from one of the world's largest energy companies in local AI talent and market potential within the region.