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Opening the study.
HUMAIN races to market for data-centre money while ADGM posts a 54% AUM surge — the Gulf platform buildout turns from sovereign cheque-book to open capital markets
Twice in the same September week, the Gulf’s platform economy told the same story from two different capitals. In Riyadh, HUMAIN — the PIF-backed national AI company — confirmed it has begun IPO preparations just 16 months after launch and went to market for a US$2.5 billion domestic data-centre fund , to be managed by BSF Capital with Al Moammar Information Systems (MIS) as infrastructure partner — a first tranche financing 250 MW of capacity, scalable to 1 GW. In Abu Dhabi, ADGM published H1 2026 results showing assets under management up 54% year-on-year , nearly 14,000 active lice…
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