Saudi Arabia is looking to make data its new oil — if artificial intelligence and data center company Humain gets its way.

The company, owned by the Saudi kingdom's massive sovereign wealth fund, the Public Investment Fund, is looking to build out data center capacity in a country with seemingly unlimited land and abundant energy resources.

Faced with lower oil prices and soaring costs for domestic megaprojects like the futuristic region of Neom, the kingdom is hoping that surging demand for the data and computing facilities will serve as a reliable cash cow for decades to come.

"Our ambition is very clear. We want to be the third-largest AI provider in the world, behind the United States and China," Tareq Amin, Humain CEO, told CNBC's Access Middle East on Tuesday.

Launched in May of

See Full Page